2023 RWF to UZS Historical Review

YEARLY HIGH

10.5951 UZS

YEARLY LOW

9.7404 UZS

YEARLY AVERAGE

10.1451 UZS

2023 RWF to UZS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the RWF to UZS exchange rate experienced significant fluctuation. The market reached its absolute peak on January 16, valuing the pair at 10.5951. Conversely, the yearly low was recorded on July 30, dropping to 9.7404.

This high-to-low spread represents a total annual volatility of 0.8547 UZS. From a start-to-finish perspective, comparing the January average rate of 10.5178 to the December average rate of 9.8519, the exchange rate registered a net change of -6.33% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 10.5951 was down 6.61% compared to the 2022 peak of 11.3452, 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 52,976 UZS

2022 Average 53,346 UZS

Yearly Trough Low 48,702 UZS

Transaction Impact: A difference of 4,273.65 UZS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

10.5844

9.7853

JanuMarcMayJulySeptNove

RWF to UZS 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 10.3097, compared to 9.9805 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.3291 points.

H1 Avg (Jan–Jun) 10.3097

H2 Avg (Jul–Dec) 9.9805

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.3518 UZS (High: 10.1219 / Low: 9.7702). On the other end, December was the most stable month, with a tight range of 0.1177 UZS (High: 9.8960 / Low: 9.7782).

June Spread (Volatile) ±0.3518

December Spread (Stable) ±0.1177

Growth Streaks & Declines

Trends

Between July and September, 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 May and June, when the average rate fell by 0.1778 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.1778

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 10.5178) against the same month in 2022 (average: 10.5411), the exchange rate shifted by -0.0233 (-0.22%).

2023 Avg (January) 10.5178

2022 Avg (January) 10.5411

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	10.5951	10.4293	10.5178
February	10.5172	10.3765	10.4358
March	10.4698	10.2324	10.4048
April	10.3450	10.0391	10.2796
May	10.2745	10.1015	10.1989
June	10.1219	9.7702	10.0210
July	9.9828	9.7404	9.9084
August	10.2343	9.8890	10.0742
September	10.1935	9.9826	10.1103
October	10.0940	9.8622	9.9959
November	10.0087	9.8595	9.9425
December	9.8960	9.7782	9.8519