2023 UAH to RWF Historical Review

YEARLY HIGH

34.4320 RWF

YEARLY LOW

29.0767 RWF

YEARLY AVERAGE

31.4741 RWF

2023 UAH to RWF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the UAH to RWF exchange rate experienced significant fluctuation. The market reached its absolute peak on November 24, valuing the pair at 34.4320. Conversely, the yearly low was recorded on January 2, dropping to 29.0767.

This high-to-low spread represents a total annual volatility of 5.3553 RWF. From a start-to-finish perspective, comparing the January average rate of 29.2366 to the December average rate of 33.7163, the exchange rate registered a net change of 15.32% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 34.4320 was down 8.76% compared to the 2022 peak of 37.7391, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 172,160 RWF

2022 Average 160,676 RWF

Yearly Trough Low 145,383 RWF

Transaction Impact: A difference of 26,776.40 RWF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

34.6627

28.7433

JanuMarcMayJulySeptNove

UAH 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 29.9968, compared to 32.9514 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 2.9546 points.

H1 Avg (Jan–Jun) 29.9968

H2 Avg (Jul–Dec) 32.9514

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 1.3512 RWF (High: 31.8917 / Low: 30.5404). On the other end, January was the most stable month, with a tight range of 0.3757 RWF (High: 29.4524 / Low: 29.0767).

June Spread (Volatile) ±1.3512

January Spread (Stable) ±0.3757

Growth Streaks & Declines

Trends

Between January and November, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 10 straight months. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 0.4531 points.

Longest Streak 10 Mo.

Sharpest MoM Drop -0.4531

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2023: 34.1694) against the same month in 2022 (average: 28.8131), the exchange rate shifted by +5.3563 (+18.59%).

2023 Avg (November) 34.1694

2022 Avg (November) 28.8131

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	29.4524	29.0767	29.2366
February	29.6900	29.2831	29.5186
March	30.2331	29.5073	29.6905
April	30.8122	29.9052	30.1384
May	30.6759	30.1835	30.4063
June	31.8917	30.5404	30.9905
July	32.2843	31.2670	31.7071
August	32.2896	31.6319	32.0413
September	33.0642	32.2197	32.5954
October	33.9262	33.0067	33.4790
November	34.4320	33.9523	34.1694
December	34.2563	32.9977	33.7163