2023 RWF to TRY Historical Review

YEARLY HIGH

0.0234 TRY

YEARLY LOW

0.0171 TRY

YEARLY AVERAGE

0.0204 TRY

2023 RWF to TRY Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the RWF to TRY exchange rate experienced significant fluctuation. The market reached its absolute peak on November 25, valuing the pair at 0.0234. Conversely, the yearly low was recorded on April 24, dropping to 0.0171.

This high-to-low spread represents a total annual volatility of 0.0063 TRY. From a start-to-finish perspective, comparing the January average rate of 0.0175 to the December average rate of 0.0232, the exchange rate registered a net change of 32.80% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0234 was up 31.09% compared to the 2022 peak of 0.0179, 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 117 TRY

2022 Average 80 TRY

Yearly Trough Low 86 TRY

Transaction Impact: A difference of 31.59 TRY purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0238

0.0168

JanuMarcMayJulySeptNove

RWF to TRY 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 0.0180, compared to 0.0229 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0049 points.

H1 Avg (Jan–Jun) 0.0180

H2 Avg (Jul–Dec) 0.0229

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.0039 TRY (High: 0.0225 / Low: 0.0185). On the other end, January was the most stable month, with a tight range of 0.0002 TRY (High: 0.0176 / Low: 0.0174).

June Spread (Volatile) ±0.0039

January Spread (Stable) ±0.0002

Growth Streaks & Declines

Trends

Between February and August, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 6 straight months. Conversely, the sharpest month-over-month decline occurred between August and September, when the average rate fell by 0.0003 points.

Longest Streak 6 Mo.

Sharpest MoM Drop -0.0003

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2023: 0.0232) against the same month in 2022 (average: 0.0175), the exchange rate shifted by +0.0057 (+32.56%).

2023 Avg (November) 0.0232

2022 Avg (November) 0.0175

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0176	0.0174	0.0175
February	0.0175	0.0172	0.0173
March	0.0176	0.0172	0.0174
April	0.0176	0.0171	0.0174
May	0.0184	0.0174	0.0176
June	0.0225	0.0185	0.0207
July	0.0231	0.0223	0.0227
August	0.0231	0.0218	0.0228
September	0.0226	0.0223	0.0224
October	0.0231	0.0225	0.0228
November	0.0234	0.0229	0.0232
December	0.0234	0.0230	0.0232