2021 AFN to RWF Historical Review

YEARLY HIGH

12.9121 RWF

YEARLY LOW

8.6744 RWF

YEARLY AVERAGE

12.0889 RWF

2021 AFN to RWF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the AFN to RWF exchange rate experienced significant fluctuation. The market reached its absolute peak on May 1, valuing the pair at 12.9121. Conversely, the yearly low was recorded on December 15, dropping to 8.6744.

This high-to-low spread represents a total annual volatility of 4.2377 RWF. From a start-to-finish perspective, comparing the January average rate of 12.7785 to the December average rate of 10.0577, the exchange rate registered a net change of -21.29% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2021 high of 12.9121 was up 0.46% compared to the 2020 peak of 12.8530, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 64,561 RWF

2020 Average 62,282 RWF

Yearly Trough Low 43,372 RWF

Transaction Impact: A difference of 21,188.36 RWF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

13.0741

9.7835

JanuMarcMayJulySeptNove

AFN 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 12.7603, compared to 11.4176 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 1.3427 points.

H1 Avg (Jan–Jun) 12.7603

H2 Avg (Jul–Dec) 11.4176

Volatility Range Comparison

Volatility

The most volatile month in 2021 was December, with a trading range of 2.1087 RWF (High: 10.7832 / Low: 8.6744). On the other end, February was the most stable month, with a tight range of 0.2120 RWF (High: 12.8854 / Low: 12.6734).

December Spread (Volatile) ±2.1087

February Spread (Stable) ±0.2120

Growth Streaks & Declines

Trends

Between March and May, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 0.9008 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.9008

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2021: 12.7973) against the same month in 2020 (average: 12.2924), the exchange rate shifted by +0.5048 (+4.11%).

2021 Avg (May) 12.7973

2020 Avg (May) 12.2924

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	12.8913	12.6295	12.7785
February	12.8854	12.6734	12.7999
March	12.8463	12.6126	12.7431
April	12.9111	12.5967	12.7683
May	12.9121	12.6195	12.7973
June	12.8093	12.3711	12.6744
July	12.7064	12.1869	12.5448
August	12.6277	11.6669	12.1356
September	11.9264	11.3132	11.6156
October	11.3233	11.0314	11.1933
November	11.2066	10.6378	10.9585
December	10.7832	8.6744	10.0577