2023 TTD to RWF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 TTD to RWF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the TTD to RWF exchange rate experienced significant fluctuation. The market reached its absolute peak on December 31, valuing the pair at 185.5216. Conversely, the yearly low was recorded on January 2, dropping to 157.2835.
This high-to-low spread represents a total annual volatility of 28.2381 RWF. From a start-to-finish perspective, comparing the January average rate of 158.2796 to the December average rate of 184.4529, the exchange rate registered a net change of 16.54% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 185.5216 was up 15.95% compared to the 2022 peak of 160.0051, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 TTD based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
TTD 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 162.8891, compared to 178.4510 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 15.5618 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was June, with a trading range of 7.0615 RWF (High: 173.3641 / Low: 166.3026). On the other end, January was the most stable month, with a tight range of 2.1566 RWF (High: 159.4401 / Low: 157.2835).
Growth Streaks & Declines
TrendsBetween January and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 11 straight months. No significant month-over-month rate declines were detected.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2023: 184.4529) against the same month in 2022 (average: 157.7083), the exchange rate shifted by +26.7446 (+16.96%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 159.4401 | 157.2835 | 158.2796 |
| February | 160.7511 | 158.0309 | 159.9871 |
| March | 164.0643 | 160.7090 | 161.3670 |
| April | 167.5176 | 162.6681 | 163.6314 |
| May | 166.9952 | 164.2014 | 165.3541 |
| June | 173.3641 | 166.3026 | 168.7155 |
| July | 175.4935 | 170.1887 | 172.3055 |
| August | 175.6898 | 172.3241 | 174.3188 |
| September | 179.9194 | 175.1290 | 177.4357 |
| October | 181.9213 | 178.7883 | 180.1665 |
| November | 183.7454 | 180.4397 | 182.0264 |
| December | 185.5216 | 183.2136 | 184.4529 |