2023 TJS to RWF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 TJS to RWF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the TJS to RWF exchange rate experienced significant fluctuation. The market reached its absolute peak on December 27, valuing the pair at 115.4294. Conversely, the yearly low was recorded on March 20, dropping to 99.8934.
This high-to-low spread represents a total annual volatility of 15.5360 RWF. From a start-to-finish perspective, comparing the January average rate of 105.0357 to the December average rate of 114.6316, the exchange rate registered a net change of 9.14% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 115.4294 was up 6.81% compared to the 2022 peak of 108.0725, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 TJS based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
TJS 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 103.7824, compared to 110.5400 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 6.7576 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was March, with a trading range of 9.2096 RWF (High: 109.1031 / Low: 99.8934). On the other end, January was the most stable month, with a tight range of 0.7461 RWF (High: 105.4897 / Low: 104.7436).
Growth Streaks & Declines
TrendsBetween April and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 8 straight months. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 2.0553 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2023: 114.6316) against the same month in 2022 (average: 105.5628), the exchange rate shifted by +9.0688 (+8.59%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 105.4897 | 104.7436 | 105.0357 |
| February | 108.8737 | 101.2291 | 104.5999 |
| March | 109.1031 | 99.8934 | 103.7850 |
| April | 104.3577 | 100.9542 | 101.7297 |
| May | 103.6266 | 102.0933 | 102.7534 |
| June | 107.7901 | 103.2938 | 104.7907 |
| July | 108.9359 | 105.9793 | 106.9118 |
| August | 108.5578 | 106.5484 | 107.7787 |
| September | 111.2223 | 108.3266 | 109.5825 |
| October | 112.4451 | 110.4619 | 111.4206 |
| November | 113.9582 | 111.7216 | 112.9146 |
| December | 115.4294 | 113.6667 | 114.6316 |