2023 RWF to THB Historical Review

YEARLY HIGH

0.0323 THB

YEARLY LOW

0.0272 THB

YEARLY AVERAGE

0.0301 THB

2023 RWF to THB Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the RWF to THB exchange rate experienced significant fluctuation. The market reached its absolute peak on February 28, valuing the pair at 0.0323. Conversely, the yearly low was recorded on December 29, dropping to 0.0272.

This high-to-low spread represents a total annual volatility of 0.0052 THB. From a start-to-finish perspective, comparing the January average rate of 0.0309 to the December average rate of 0.0278, the exchange rate registered a net change of -9.92% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0323 was down 11.43% compared to the 2022 peak of 0.0365, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 RWF based on timing:

Yearly Peak High 162 THB

2022 Average 169 THB

Yearly Trough Low 136 THB

Transaction Impact: A difference of 25.91 THB purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0318

0.0275

JanuMarcMayJulySeptNove

RWF to THB Seasonal Trends & Volatility Analysis

A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.

Seasonal Halves (H1 vs H2)

Seasonal

The average exchange rate in the first half of the year (H1: Jan–Jun) was 0.0309, compared to 0.0292 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0017 points.

H1 Avg (Jan–Jun) 0.0309

H2 Avg (Jul–Dec) 0.0292

Volatility Range Comparison

Volatility

The most volatile month in 2023 was February, with a trading range of 0.0021 THB (High: 0.0323 / Low: 0.0303). On the other end, September was the most stable month, with a tight range of 0.0007 THB (High: 0.0302 / Low: 0.0294).

February Spread (Volatile) ±0.0021

September Spread (Stable) ±0.0007

Growth Streaks & Declines

Trends

Between January and March, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between October and November, when the average rate fell by 0.0012 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0012

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2023: 0.0314) against the same month in 2022 (average: 0.0318), the exchange rate shifted by -0.0004 (-1.34%).

2023 Avg (February) 0.0314

2022 Avg (February) 0.0318

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0323	0.0303	0.0309
February	0.0323	0.0303	0.0314
March	0.0322	0.0307	0.0315
April	0.0311	0.0302	0.0308
May	0.0308	0.0300	0.0305
June	0.0308	0.0299	0.0305
July	0.0306	0.0289	0.0296
August	0.0300	0.0291	0.0296
September	0.0302	0.0294	0.0298
October	0.0306	0.0292	0.0299
November	0.0294	0.0279	0.0287
December	0.0286	0.0272	0.0278