2023 UYU to RWF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 UYU to RWF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the UYU to RWF exchange rate experienced significant fluctuation. The market reached its absolute peak on December 28, valuing the pair at 32.3399. Conversely, the yearly low was recorded on January 5, dropping to 26.8367.
This high-to-low spread represents a total annual volatility of 5.5032 RWF. From a start-to-finish perspective, comparing the January average rate of 27.2246 to the December average rate of 31.9292, the exchange rate registered a net change of 17.28% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 32.3399 was up 16.27% compared to the 2022 peak of 27.8148, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 UYU based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
UYU 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 28.3984, compared to 31.2760 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 2.8776 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was June, with a trading range of 2.2920 RWF (High: 31.3254 / Low: 29.0334). On the other end, September was the most stable month, with a tight range of 0.5751 RWF (High: 31.8840 / Low: 31.3089).
Growth Streaks & Declines
TrendsBetween January and September, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 8 straight months. Conversely, the sharpest month-over-month decline occurred between September and October, when the average rate fell by 0.7885 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2023: 31.9292) against the same month in 2022 (average: 27.4623), the exchange rate shifted by +4.4669 (+16.27%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 27.9746 | 26.8367 | 27.2246 |
| February | 28.1296 | 27.3020 | 27.8043 |
| March | 28.6621 | 27.5809 | 27.9828 |
| April | 29.1898 | 28.4266 | 28.6202 |
| May | 29.1602 | 28.5738 | 28.8571 |
| June | 31.3254 | 29.0334 | 29.9014 |
| July | 31.5602 | 30.4349 | 30.8732 |
| August | 31.5779 | 30.5632 | 31.2452 |
| September | 31.8840 | 31.3089 | 31.6380 |
| October | 31.7163 | 30.4962 | 30.8495 |
| November | 31.7634 | 30.6816 | 31.1209 |
| December | 32.3399 | 31.3802 | 31.9292 |