2023 RWF to PHP Historical Review

YEARLY HIGH

0.0523 PHP

YEARLY LOW

0.0439 PHP

YEARLY AVERAGE

0.0481 PHP

2023 RWF to PHP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the RWF to PHP exchange rate experienced significant fluctuation. The market reached its absolute peak on January 4, valuing the pair at 0.0523. Conversely, the yearly low was recorded on December 28, dropping to 0.0439.

This high-to-low spread represents a total annual volatility of 0.0085 PHP. From a start-to-finish perspective, comparing the January average rate of 0.0511 to the December average rate of 0.0443, the exchange rate registered a net change of -13.38% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0523 was down 7.70% compared to the 2022 peak of 0.0567, 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 262 PHP

2022 Average 263 PHP

Yearly Trough Low 219 PHP

Transaction Impact: A difference of 42.30 PHP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0518

0.0436

JanuMarcMayJulySeptNove

RWF to PHP 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 0.0500, compared to 0.0463 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0037 points.

H1 Avg (Jan–Jun) 0.0500

H2 Avg (Jul–Dec) 0.0463

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.0026 PHP (High: 0.0497 / Low: 0.0471). On the other end, December was the most stable month, with a tight range of 0.0008 PHP (High: 0.0446 / Low: 0.0439).

June Spread (Volatile) ±0.0026

December Spread (Stable) ±0.0008

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2023. Conversely, the sharpest month-over-month decline occurred between June and July, when the average rate fell by 0.0018 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0018

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.0511) against the same month in 2022 (average: 0.0499), the exchange rate shifted by +0.0012 (+2.50%).

2023 Avg (January) 0.0511

2022 Avg (January) 0.0499

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0523	0.0503	0.0511
February	0.0514	0.0491	0.0505
March	0.0509	0.0488	0.0500
April	0.0507	0.0489	0.0498
May	0.0502	0.0490	0.0497
June	0.0497	0.0471	0.0488
July	0.0481	0.0462	0.0470
August	0.0480	0.0467	0.0476
September	0.0479	0.0463	0.0472
October	0.0468	0.0459	0.0465
November	0.0458	0.0446	0.0451
December	0.0446	0.0439	0.0443

2023 இந்திய ரூபாய் முதல் பவுண்ட் வரையிலான வரலாற்று ஆய்வு