2023 THB to RWF Historical Review

YEARLY HIGH

36.8170 RWF

YEARLY LOW

30.9181 RWF

YEARLY AVERAGE

33.2973 RWF

2023 THB to RWF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the THB to RWF exchange rate experienced significant fluctuation. The market reached its absolute peak on December 29, valuing the pair at 36.8170. Conversely, the yearly low was recorded on February 28, dropping to 30.9181.

This high-to-low spread represents a total annual volatility of 5.8989 RWF. From a start-to-finish perspective, comparing the January average rate of 32.3747 to the December average rate of 35.9319, the exchange rate registered a net change of 10.99% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 36.8170 was up 14.25% compared to the 2022 peak of 32.2245, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 250,000 THB based on timing:

Yearly Peak High 9,204,248 RWF

2022 Average 7,406,066 RWF

Yearly Trough Low 7,729,534 RWF

Transaction Impact: A difference of 1,474,714.49 RWF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

36.3461

31.3765

JanuMarcMayJulySeptNove

THB 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 32.3644, compared to 34.2302 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 1.8658 points.

H1 Avg (Jan–Jun) 32.3644

H2 Avg (Jul–Dec) 34.2302

Volatility Range Comparison

Volatility

The most volatile month in 2023 was February, with a trading range of 2.1146 RWF (High: 33.0328 / Low: 30.9181). On the other end, September was the most stable month, with a tight range of 0.8149 RWF (High: 33.9690 / Low: 33.1541).

February Spread (Volatile) ±2.1146

September Spread (Stable) ±0.8149

Growth Streaks & Declines

Trends

Between March and May, 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 January and February, when the average rate fell by 0.4771 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.4771

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 35.9319) against the same month in 2022 (average: 30.8096), the exchange rate shifted by +5.1223 (+16.63%).

2023 Avg (December) 35.9319

2022 Avg (December) 30.8096

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	33.0328	30.9869	32.3747
February	33.0328	30.9181	31.8976
March	32.5283	31.0653	31.7907
April	33.0764	32.1251	32.4679
May	33.3482	32.4368	32.8298
June	33.3937	32.5170	32.8259
July	34.6560	32.6492	33.7441
August	34.3211	33.3680	33.7568
September	33.9690	33.1541	33.6082
October	34.2032	32.7065	33.4967
November	35.8497	34.0145	34.8438
December	36.8170	34.9821	35.9319