2017 CVE to RWF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2017.
2017 CVE to RWF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2017
During 2017, the CVE to RWF exchange rate experienced significant fluctuation. The market reached its absolute peak on December 29, valuing the pair at 9.2611. Conversely, the yearly low was recorded on January 5, dropping to 7.8383.
This high-to-low spread represents a total annual volatility of 1.4227 RWF. From a start-to-finish perspective, comparing the January average rate of 7.9770 to the December average rate of 9.1771, the exchange rate registered a net change of 15.04% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2017 high of 9.2611 was up 12.13% compared to the 2016 peak of 8.2595, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 CVE based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2017.
CVE 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: Jan–Jun) was 8.1775, compared to 8.9573 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.7798 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2017 was November, with a trading range of 0.4902 RWF (High: 9.2539 / Low: 8.7636). On the other end, December was the most stable month, with a tight range of 0.2077 RWF (High: 9.2611 / Low: 9.0533).
Growth Streaks & Declines
TrendsBetween January and September, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 8 straight months. Conversely, the sharpest month-over-month decline occurred between September and October, when the average rate fell by 0.0325 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2017: 9.1771) against the same month in 2016 (average: 7.8880), the exchange rate shifted by +1.2891 (+16.34%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 8.1429 | 7.8383 | 7.9770 |
| February | 8.1688 | 7.8442 | 8.0309 |
| March | 8.2546 | 7.8728 | 8.0610 |
| April | 8.2745 | 7.9023 | 8.0965 |
| May | 8.5713 | 8.1273 | 8.3661 |
| June | 8.7228 | 8.3759 | 8.5334 |
| July | 8.9125 | 8.4926 | 8.6941 |
| August | 9.0355 | 8.7731 | 8.8848 |
| September | 9.1002 | 8.8743 | 8.9865 |
| October | 9.1224 | 8.8065 | 8.9541 |
| November | 9.2539 | 8.7636 | 9.0471 |
| December | 9.2611 | 9.0533 | 9.1771 |