2023 TRY to RWF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 TRY to RWF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the TRY to RWF exchange rate experienced significant fluctuation. The market reached its absolute peak on April 24, valuing the pair at 58.4572. Conversely, the yearly low was recorded on November 25, dropping to 42.6897.
This high-to-low spread represents a total annual volatility of 15.7675 RWF. From a start-to-finish perspective, comparing the January average rate of 57.2241 to the December average rate of 43.0923, the exchange rate registered a net change of -24.70% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2023 high of 58.4572 was down 24.88% compared to the 2022 peak of 77.8146, indicating shifts in long-term support levels.
Comparing the value generated converting 50,000 TRY based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
TRY 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 55.8338, compared to 43.7689 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 12.0649 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was June, with a trading range of 9.4791 RWF (High: 54.0172 / Low: 44.5382). On the other end, September was the most stable month, with a tight range of 0.5598 RWF (High: 44.8258 / Low: 44.2661).
Growth Streaks & Declines
TrendsNo sustained consecutive month-over-month growth streak of 2+ months occurred in 2023. Conversely, the sharpest month-over-month decline occurred between May and June, when the average rate fell by 8.3026 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (April 2023: 57.3646) against the same month in 2022 (average: 69.4196), the exchange rate shifted by -12.0550 (-17.37%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 57.5510 | 56.8790 | 57.2241 |
| February | 58.0167 | 57.2877 | 57.6390 |
| March | 58.1405 | 56.7410 | 57.5731 |
| April | 58.4572 | 56.9226 | 57.3646 |
| May | 57.5013 | 54.3224 | 56.7523 |
| June | 54.0172 | 44.5382 | 48.4497 |
| July | 44.8728 | 43.3563 | 44.1321 |
| August | 45.9163 | 43.3198 | 43.9514 |
| September | 44.8258 | 44.2661 | 44.5516 |
| October | 44.5342 | 43.2093 | 43.8203 |
| November | 43.6933 | 42.6897 | 43.0654 |
| December | 43.5371 | 42.7138 | 43.0923 |