2023 SRD to RWF Historical Review

YEARLY HIGH

34.3332 RWF

YEARLY LOW

29.5550 RWF

YEARLY AVERAGE

31.6909 RWF

2023 SRD to RWF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the SRD to RWF exchange rate experienced significant fluctuation. The market reached its absolute peak on December 31, valuing the pair at 34.3332. Conversely, the yearly low was recorded on May 10, dropping to 29.5550.

This high-to-low spread represents a total annual volatility of 4.7782 RWF. From a start-to-finish perspective, comparing the January average rate of 33.7807 to the December average rate of 33.5653, the exchange rate registered a net change of -0.64% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 34.3332 was down 33.01% compared to the 2022 peak of 51.2490, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 171,666 RWF

2022 Average 218,484 RWF

Yearly Trough Low 147,775 RWF

Transaction Impact: A difference of 23,890.80 RWF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

34.1543

29.6714

JanuMarcMayJulySeptNove

SRD to RWF 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 31.5198, compared to 31.8620 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.3421 points.

H1 Avg (Jan–Jun) 31.5198

H2 Avg (Jul–Dec) 31.8620

Volatility Range Comparison

Volatility

The most volatile month in 2023 was March, with a trading range of 1.9281 RWF (High: 32.5905 / Low: 30.6625). On the other end, August was the most stable month, with a tight range of 0.6392 RWF (High: 31.1473 / Low: 30.5080).

March Spread (Volatile) ±1.9281

August Spread (Stable) ±0.6392

Growth Streaks & Declines

Trends

Between May and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 7 straight months. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 1.4893 points.

Longest Streak 7 Mo.

Sharpest MoM Drop -1.4893

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 33.5653) against the same month in 2022 (average: 33.7984), the exchange rate shifted by -0.2331 (-0.69%).

2023 Avg (December) 33.5653

2022 Avg (December) 33.7984

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	34.0190	33.1630	33.7807
February	34.0313	32.1646	33.1249
March	32.5905	30.6625	31.6356
April	31.2269	29.6942	30.1757
May	30.3887	29.5550	30.0449
June	31.2682	29.8307	30.3572
July	31.3637	30.2810	30.7490
August	31.1473	30.5080	30.9068
September	31.9582	30.9619	31.4201
October	32.4681	31.6978	32.0337
November	32.9008	31.9902	32.4970
December	34.3332	32.8777	33.5653