2023 TZS to RWF Historical Review

YEARLY HIGH

0.5023 RWF

YEARLY LOW

0.4578 RWF

YEARLY AVERAGE

0.4780 RWF

2023 TZS to RWF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the TZS to RWF exchange rate experienced significant fluctuation. The market reached its absolute peak on December 10, valuing the pair at 0.5023. Conversely, the yearly low was recorded on January 14, dropping to 0.4578.

This high-to-low spread represents a total annual volatility of 0.0445 RWF. From a start-to-finish perspective, comparing the January average rate of 0.4605 to the December average rate of 0.4991, the exchange rate registered a net change of 8.40% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.5023 was up 7.87% compared to the 2022 peak of 0.4657, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 2,512 RWF

2022 Average 2,227 RWF

Yearly Trough Low 2,289 RWF

Transaction Impact: A difference of 222.35 RWF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.5030

0.4566

JanuMarcMayJulySeptNove

TZS 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 0.4704, compared to 0.4855 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0151 points.

H1 Avg (Jan–Jun) 0.4704

H2 Avg (Jul–Dec) 0.4855

Volatility Range Comparison

Volatility

The most volatile month in 2023 was April, with a trading range of 0.0135 RWF (High: 0.4826 / Low: 0.4690). On the other end, February was the most stable month, with a tight range of 0.0047 RWF (High: 0.4675 / Low: 0.4628).

April Spread (Volatile) ±0.0135

February Spread (Stable) ±0.0047

Growth Streaks & Declines

Trends

Between January and June, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between July and August, when the average rate fell by 0.0045 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0045

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 0.4991) against the same month in 2022 (average: 0.4589), the exchange rate shifted by +0.0403 (+8.78%).

2023 Avg (December) 0.4991

2022 Avg (December) 0.4589

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.4637	0.4578	0.4605
February	0.4675	0.4628	0.4651
March	0.4768	0.4642	0.4686
April	0.4826	0.4690	0.4732
May	0.4797	0.4727	0.4755
June	0.4891	0.4765	0.4794
July	0.4847	0.4731	0.4787
August	0.4796	0.4700	0.4742
September	0.4875	0.4751	0.4803
October	0.4936	0.4823	0.4878
November	0.4978	0.4882	0.4932
December	0.5023	0.4954	0.4991