2023 SCR to RWF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 SCR to RWF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the SCR to RWF exchange rate experienced significant fluctuation. The market reached its absolute peak on December 10, valuing the pair at 97.5973. Conversely, the yearly low was recorded on January 18, dropping to 76.0625.
This high-to-low spread represents a total annual volatility of 21.5348 RWF. From a start-to-finish perspective, comparing the January average rate of 79.3952 to the December average rate of 93.3657, the exchange rate registered a net change of 17.60% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 97.5973 was up 16.69% compared to the 2022 peak of 83.6417, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 SCR based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
SCR to RWF Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 81.6313, compared to 90.8346 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 9.2033 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was June, with a trading range of 9.2729 RWF (High: 89.7185 / Low: 80.4456). On the other end, August was the most stable month, with a tight range of 3.5021 RWF (High: 90.3033 / Low: 86.8011).
Growth Streaks & Declines
TrendsBetween January and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 11 straight months. No significant month-over-month rate declines were detected.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2023: 93.3657) against the same month in 2022 (average: 80.1311), the exchange rate shifted by +13.2346 (+16.52%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 82.7714 | 76.0625 | 79.3952 |
| February | 83.7758 | 76.6065 | 80.2179 |
| March | 84.6498 | 77.6060 | 81.3184 |
| April | 85.9229 | 78.6461 | 82.1669 |
| May | 85.8032 | 80.0640 | 83.1384 |
| June | 89.7185 | 80.4456 | 83.5511 |
| July | 89.8804 | 82.1504 | 87.4364 |
| August | 90.3033 | 86.8011 | 88.4596 |
| September | 94.4145 | 88.1346 | 91.5993 |
| October | 96.2187 | 88.3958 | 91.7284 |
| November | 94.8613 | 90.2295 | 92.4181 |
| December | 97.5973 | 90.0115 | 93.3657 |