2011 CDF to RWF Historical Review

YEARLY HIGH

0.6677 RWF

YEARLY LOW

0.6444 RWF

YEARLY AVERAGE

0.6548 RWF

2011 CDF to RWF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the CDF to RWF exchange rate experienced significant fluctuation. The market reached its absolute peak on December 14, valuing the pair at 0.6677. Conversely, the yearly low was recorded on October 19, dropping to 0.6444.

This high-to-low spread represents a total annual volatility of 0.0233 RWF. From a start-to-finish perspective, comparing the January average rate of 0.6557 to the December average rate of 0.6631, the exchange rate registered a net change of 1.13% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2011 high of 0.6677 was down 0.56% compared to the 2010 peak of 0.6714, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 3,338 RWF

2010 Average 3,250 RWF

Yearly Trough Low 3,222 RWF

Transaction Impact: A difference of 116.65 RWF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

0.6644

0.6489

JanuMarcMayJulySeptNove

CDF 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 0.6546, compared to 0.6550 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0004 points.

H1 Avg (Jan–Jun) 0.6546

H2 Avg (Jul–Dec) 0.6550

Volatility Range Comparison

Volatility

The most volatile month in 2011 was January, with a trading range of 0.0161 RWF (High: 0.6641 / Low: 0.6480). On the other end, April was the most stable month, with a tight range of 0.0067 RWF (High: 0.6569 / Low: 0.6502).

January Spread (Volatile) ±0.0161

April Spread (Stable) ±0.0067

Growth Streaks & Declines

Trends

Between September and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between August and September, when the average rate fell by 0.0039 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0039

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2011: 0.6631) against the same month in 2010 (average: 0.6584), the exchange rate shifted by +0.0047 (+0.71%).

2011 Avg (December) 0.6631

2010 Avg (December) 0.6584

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.6641	0.6480	0.6557
February	0.6600	0.6469	0.6525
March	0.6581	0.6487	0.6535
April	0.6569	0.6502	0.6550
May	0.6572	0.6485	0.6532
June	0.6607	0.6515	0.6576
July	0.6584	0.6501	0.6543
August	0.6604	0.6464	0.6541
September	0.6542	0.6471	0.6502
October	0.6568	0.6444	0.6509
November	0.6647	0.6515	0.6575
December	0.6677	0.6591	0.6631