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2021 PGK to RWF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2021
During 2021, the PGK to RWF exchange rate experienced significant fluctuation. The market reached its absolute peak on December 18, valuing the pair at 297.4394. Conversely, the yearly low was recorded on April 16, dropping to 276.9122.
This high-to-low spread represents a total annual volatility of 20.5272 RWF. From a start-to-finish perspective, comparing the January average rate of 279.6741 to the December average rate of 289.7041, the exchange rate registered a net change of 3.59% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2021 high of 297.4394 was up 4.86% compared to the 2020 peak of 283.6546, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 PGK based on timing:
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PGK 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: JanâJun) was 280.7229, compared to 286.7755 in the second half (H2: JulâDec). This shows that the rate was stronger in the second half (JulâDec) by a margin of 6.0526 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2021 was December, with a trading range of 14.5540 RWF (High: 297.4394 / Low: 282.8854). On the other end, August was the most stable month, with a tight range of 3.9609 RWF (High: 287.3912 / Low: 283.4302).
Growth Streaks & Declines
TrendsBetween March and July, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between July and August, when the average rate fell by 0.2732 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2021: 289.7041) against the same month in 2020 (average: 280.8684), the exchange rate shifted by +8.8357 (+3.15%).
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| Month | High | Low | Average |
|---|---|---|---|
| January | 282.3500 | 276.9517 | 279.6741 |
| February | 281.7355 | 277.5424 | 279.7559 |
| March | 281.7389 | 276.9122 | 279.4961 |
| April | 283.0341 | 276.9122 | 280.3874 |
| May | 285.1034 | 279.4326 | 282.0865 |
| June | 285.8901 | 280.0566 | 282.9376 |
| July | 288.0307 | 281.6958 | 285.6105 |
| August | 287.3912 | 283.4302 | 285.3373 |
| September | 287.6367 | 281.4710 | 285.7820 |
| October | 289.9633 | 281.8697 | 285.9359 |
| November | 294.6976 | 284.7025 | 288.2832 |
| December | 297.4394 | 282.8854 | 289.7041 |