YEARLY HIGH
3.7959 UGX
YEARLY LOW
3.4053 UGX
YEARLY AVERAGE
3.5836 UGX

2021 RWF to UGX Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the RWF to UGX exchange rate experienced significant fluctuation. The market reached its absolute peak on January 8, valuing the pair at 3.7959. Conversely, the yearly low was recorded on December 18, dropping to 3.4053.

This high-to-low spread represents a total annual volatility of 0.3906 UGX. From a start-to-finish perspective, comparing the January average rate of 3.7360 to the December average rate of 3.4770, the exchange rate registered a net change of -6.93% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2021 high of 3.7959 was down 8.27% compared to the 2020 peak of 4.1382, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 18,980 UGX
2020 Average 19,423 UGX
Yearly Trough Low 17,027 UGX
Transaction Impact: A difference of 1,953.08 UGX purely based on transaction execution date.

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3.7619
3.4511
JanuMarcMayJulySeptNove

RWF to UGX 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 3.6541, compared to 3.5132 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.1410 points.

H1 Avg (Jan–Jun) 3.6541
H2 Avg (Jul–Dec) 3.5132

Volatility Range Comparison

Volatility

The most volatile month in 2021 was December, with a trading range of 0.1591 UGX (High: 3.5644 / Low: 3.4053). On the other end, August was the most stable month, with a tight range of 0.0323 UGX (High: 3.5338 / Low: 3.5015).

December Spread (Volatile) Âą0.1591
August Spread (Stable) Âą0.0323

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2021. Conversely, the sharpest month-over-month decline occurred between April and May, when the average rate fell by 0.0862 points.

Longest Streak 1 Mo.
Sharpest MoM Drop -0.0862

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2021: 3.7360) against the same month in 2020 (average: 3.8988), the exchange rate shifted by -0.1628 (-4.18%).

2021 Avg (January) 3.7360
2020 Avg (January) 3.8988

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Month High Low Average
January 3.7959 3.6891 3.7360
February 3.7319 3.6855 3.7052
March 3.7510 3.6820 3.7097
April 3.7382 3.6081 3.6550
May 3.6106 3.5407 3.5688
June 3.6150 3.5214 3.5501
July 3.5879 3.5171 3.5390
August 3.5338 3.5015 3.5106
September 3.5472 3.4872 3.5060
October 3.6288 3.5060 3.5478
November 3.5367 3.4529 3.4986
December 3.5644 3.4053 3.4770