2023 RWF to STD Historical Review

YEARLY HIGH

21.3565 STD

YEARLY LOW

17.6490 STD

YEARLY AVERAGE

19.5716 STD

2023 RWF to STD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the RWF to STD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 2, valuing the pair at 21.3565. Conversely, the yearly low was recorded on December 28, dropping to 17.6490.

This high-to-low spread represents a total annual volatility of 3.7075 STD. From a start-to-finish perspective, comparing the January average rate of 21.2374 to the December average rate of 17.7693, the exchange rate registered a net change of -16.33% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 21.3565 was down 7.50% compared to the 2022 peak of 23.0881, 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 106,782 STD

2022 Average 106,997 STD

Yearly Trough Low 88,245 STD

Transaction Impact: A difference of 18,537.53 STD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

21.5842

17.4224

JanuMarcMayJulySeptNove

RWF to STD 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 20.6616, compared to 18.4815 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 2.1802 points.

H1 Avg (Jan–Jun) 20.6616

H2 Avg (Jul–Dec) 18.4815

Volatility Range Comparison

Volatility

The most volatile month in 2023 was July, with a trading range of 1.0481 STD (High: 19.8092 / Low: 18.7611). On the other end, February was the most stable month, with a tight range of 0.2332 STD (High: 21.1219 / Low: 20.8886).

July Spread (Volatile) ±1.0481

February Spread (Stable) ±0.2332

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 July and August, when the average rate fell by 0.6423 points.

Longest Streak 0 Mo.

Sharpest MoM Drop -0.6423

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 21.2374) against the same month in 2022 (average: 20.5918), the exchange rate shifted by +0.6456 (+3.14%).

2023 Avg (January) 21.2374

2022 Avg (January) 20.5918

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	21.3565	21.0845	21.2374
February	21.1219	20.8886	21.0080
March	21.1477	20.5256	20.8650
April	20.7862	20.1177	20.5701
May	20.5025	20.1359	20.3441
June	20.2262	19.3822	19.9453
July	19.8092	18.7611	19.4798
August	19.0664	18.6728	18.8375
September	18.7236	18.2095	18.5170
October	18.4052	18.0464	18.2336
November	18.2576	17.8690	18.0517
December	17.9217	17.6490	17.7693

2023 RWF నుండి STD చారిత్రక సమీక్ష