2023 WST to RWF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 WST to RWF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the WST to RWF exchange rate experienced significant fluctuation. The market reached its absolute peak on October 9, valuing the pair at 454.1831. Conversely, the yearly low was recorded on January 2, dropping to 396.1803.
This high-to-low spread represents a total annual volatility of 58.0027 RWF. From a start-to-finish perspective, comparing the January average rate of 398.4070 to the December average rate of 447.8490, the exchange rate registered a net change of 12.41% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 454.1831 was up 12.82% compared to the 2022 peak of 402.5567, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 WST based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
WST 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 407.5370, compared to 439.9452 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 32.4083 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was October, with a trading range of 18.7545 RWF (High: 454.1831 / Low: 435.4286). On the other end, February was the most stable month, with a tight range of 4.4728 RWF (High: 405.0535 / Low: 400.5807).
Growth Streaks & Declines
TrendsBetween January and October, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 9 straight months. Conversely, the sharpest month-over-month decline occurred between October and November, when the average rate fell by 3.6053 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (October 2023: 444.4480) against the same month in 2022 (average: 375.7178), the exchange rate shifted by +68.7302 (+18.29%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 401.2901 | 396.1803 | 398.4070 |
| February | 405.0535 | 400.5807 | 402.7561 |
| March | 412.2174 | 400.0907 | 405.3897 |
| April | 416.2598 | 402.8737 | 407.1185 |
| May | 415.8855 | 408.4485 | 411.6388 |
| June | 432.0570 | 414.0273 | 419.9117 |
| July | 436.8806 | 422.7432 | 428.7524 |
| August | 438.9474 | 429.8843 | 435.1194 |
| September | 450.1143 | 437.7566 | 442.6599 |
| October | 454.1831 | 435.4286 | 444.4480 |
| November | 445.3414 | 435.8607 | 440.8427 |
| December | 450.8929 | 444.0307 | 447.8490 |