YEARLY HIGH
67.7930 RWF
YEARLY LOW
63.2686 RWF
YEARLY AVERAGE
64.8790 RWF

2021 MVR to RWF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the MVR to RWF exchange rate experienced significant fluctuation. The market reached its absolute peak on December 18, valuing the pair at 67.7930. Conversely, the yearly low was recorded on April 16, dropping to 63.2686.

This high-to-low spread represents a total annual volatility of 4.5244 RWF. From a start-to-finish perspective, comparing the January average rate of 64.1383 to the December average rate of 66.2316, the exchange rate registered a net change of 3.26% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2021 high of 67.7930 was up 5.37% compared to the 2020 peak of 64.3385, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 338,965 RWF
2020 Average 310,234 RWF
Yearly Trough Low 316,343 RWF
Transaction Impact: A difference of 22,621.97 RWF purely based on transaction execution date.

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66.4608
63.7097
JanuMarcMayJulySeptNove

MVR 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 64.2798, compared to 65.4783 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 1.1986 points.

H1 Avg (Jan–Jun) 64.2798
H2 Avg (Jul–Dec) 65.4783

Volatility Range Comparison

Volatility

The most volatile month in 2021 was December, with a trading range of 3.0681 RWF (High: 67.7930 / Low: 64.7249). On the other end, August was the most stable month, with a tight range of 0.7856 RWF (High: 65.4128 / Low: 64.6272).

December Spread (Volatile) Âą3.0681
August Spread (Stable) Âą0.7856

Growth Streaks & Declines

Trends

Between June and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 6 straight months. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 0.3012 points.

Longest Streak 6 Mo.
Sharpest MoM Drop -0.3012

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2021: 66.2316) against the same month in 2020 (average: 64.0765), the exchange rate shifted by +2.1551 (+3.36%).

2021 Avg (December) 66.2316
2020 Avg (December) 64.0765

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Month High Low Average
January 64.6700 63.2911 64.1383
February 64.5945 63.7573 64.2402
March 64.4821 63.2686 63.9390
April 64.8115 63.2686 64.2123
May 65.2336 63.9159 64.5772
June 65.5954 63.6570 64.5716
July 65.3835 64.2857 65.1136
August 65.4128 64.6272 65.2165
September 65.4830 64.4013 65.2257
October 66.0540 64.4013 65.2920
November 67.2211 65.0485 65.7908
December 67.7930 64.7249 66.2316