2023 TWD to RWF Historical Review

YEARLY HIGH

41.1088 RWF

YEARLY LOW

34.7732 RWF

YEARLY AVERAGE

37.1668 RWF

2023 TWD to RWF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the TWD to RWF exchange rate experienced significant fluctuation. The market reached its absolute peak on December 30, valuing the pair at 41.1088. Conversely, the yearly low was recorded on January 2, dropping to 34.7732.

This high-to-low spread represents a total annual volatility of 6.3356 RWF. From a start-to-finish perspective, comparing the January average rate of 35.3645 to the December average rate of 40.1780, the exchange rate registered a net change of 13.61% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 41.1088 was up 8.66% compared to the 2022 peak of 37.8321, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 TWD based on timing:

Yearly Peak High 205,544 RWF

2022 Average 174,189 RWF

Yearly Trough Low 173,866 RWF

Transaction Impact: A difference of 31,677.81 RWF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

40.6593

34.8832

JanuMarcMayJulySeptNove

TWD 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 36.1754, compared to 38.1582 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 1.9828 points.

H1 Avg (Jan–Jun) 36.1754

H2 Avg (Jul–Dec) 38.1582

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 1.8626 RWF (High: 39.7213 / Low: 37.8588). On the other end, August was the most stable month, with a tight range of 0.5989 RWF (High: 37.5035 / Low: 36.9046).

November Spread (Volatile) ±1.8626

August Spread (Stable) ±0.5989

Growth Streaks & Declines

Trends

Between March and July, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between July and August, when the average rate fell by 0.2800 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.2800

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 40.1780) against the same month in 2022 (average: 34.8842), the exchange rate shifted by +5.2938 (+15.18%).

2023 Avg (December) 40.1780

2022 Avg (December) 34.8842

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	35.9637	34.7732	35.3645
February	36.6494	35.4876	35.8893
March	36.6264	35.2321	35.8066
April	36.9960	36.0939	36.3097
May	36.9507	36.1557	36.5420
June	37.9213	36.8352	37.1404
July	37.8615	36.9235	37.4564
August	37.5035	36.9046	37.1764
September	38.0804	37.3309	37.5768
October	38.3992	37.5499	37.8544
November	39.7213	37.8588	38.7071
December	41.1088	39.4878	40.1780