2023 RWF to TZS Historical Review

YEARLY HIGH

2.1842 TZS

YEARLY LOW

1.9908 TZS

YEARLY AVERAGE

2.0933 TZS

2023 RWF to TZS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the RWF to TZS exchange rate experienced significant fluctuation. The market reached its absolute peak on January 14, valuing the pair at 2.1842. Conversely, the yearly low was recorded on December 10, dropping to 1.9908.

This high-to-low spread represents a total annual volatility of 0.1934 TZS. From a start-to-finish perspective, comparing the January average rate of 2.1718 to the December average rate of 2.0035, the exchange rate registered a net change of -7.75% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 2.1842 was down 5.07% compared to the 2022 peak of 2.3008, 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 10,921 TZS

2022 Average 11,228 TZS

Yearly Trough Low 9,954 TZS

Transaction Impact: A difference of 966.83 TZS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

2.1886

1.9866

JanuMarcMayJulySeptNove

RWF to TZS 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 2.1263, compared to 2.0602 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0660 points.

H1 Avg (Jan–Jun) 2.1263

H2 Avg (Jul–Dec) 2.0602

Volatility Range Comparison

Volatility

The most volatile month in 2023 was April, with a trading range of 0.0597 TZS (High: 2.1320 / Low: 2.0722). On the other end, February was the most stable month, with a tight range of 0.0216 TZS (High: 2.1606 / Low: 2.1391).

April Spread (Volatile) ±0.0597

February Spread (Stable) ±0.0216

Growth Streaks & Declines

Trends

Between June and August, 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 September and October, when the average rate fell by 0.0320 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0320

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 2.1718) against the same month in 2022 (average: 2.2446), the exchange rate shifted by -0.0728 (-3.24%).

2023 Avg (January) 2.1718

2022 Avg (January) 2.2446

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.1842	2.1566	2.1718
February	2.1606	2.1391	2.1499
March	2.1543	2.0972	2.1339
April	2.1320	2.0722	2.1131
May	2.1155	2.0847	2.1029
June	2.0986	2.0445	2.0860
July	2.1138	2.0632	2.0891
August	2.1277	2.0850	2.1090
September	2.1050	2.0513	2.0821
October	2.0733	2.0259	2.0501
November	2.0483	2.0089	2.0277
December	2.0185	1.9908	2.0035