2020 CVE to RWF Historical Review

YEARLY HIGH

10.9769 RWF

YEARLY LOW

3.6733 RWF

YEARLY AVERAGE

9.8595 RWF

2020 CVE to RWF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2020

During 2020, the CVE to RWF exchange rate experienced significant fluctuation. The market reached its absolute peak on December 30, valuing the pair at 10.9769. Conversely, the yearly low was recorded on March 18, dropping to 3.6733.

This high-to-low spread represents a total annual volatility of 7.3036 RWF. From a start-to-finish perspective, comparing the January average rate of 9.4676 to the December average rate of 10.8632, the exchange rate registered a net change of 14.74% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2020 high of 10.9769 was up 14.86% compared to the 2019 peak of 9.5564, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 54,884 RWF

2019 Average 46,130 RWF

Yearly Trough Low 18,366 RWF

Transaction Impact: A difference of 36,518.18 RWF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2020.

11.0255

9.0774

JanuMarcMayJulySeptNove

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)

Seasonal

The average exchange rate in the first half of the year (H1: Jan–Jun) was 9.3625, compared to 10.3565 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.9940 points.

H1 Avg (Jan–Jun) 9.3625

H2 Avg (Jul–Dec) 10.3565

Volatility Range Comparison

Volatility

The most volatile month in 2020 was March, with a trading range of 6.1180 RWF (High: 9.7913 / Low: 3.6733). On the other end, April was the most stable month, with a tight range of 0.2189 RWF (High: 9.3601 / Low: 9.1412).

March Spread (Volatile) ±6.1180

April Spread (Stable) ±0.2189

Growth Streaks & Declines

Trends

Between March and August, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 0.1862 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.1862

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2020: 10.8632) against the same month in 2019 (average: 9.3705), the exchange rate shifted by +1.4927 (+15.93%).

2020 Avg (December) 10.8632

2019 Avg (December) 9.3705

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	9.6599	9.3081	9.4676
February	9.4811	9.1221	9.2814
March	9.7913	3.6733	9.2398
April	9.3601	9.1412	9.2629
May	9.5072	9.1260	9.2745
June	9.7865	9.5262	9.6488
July	10.1782	9.5291	9.8505
August	10.4368	10.0668	10.3075
September	10.4398	10.0367	10.2565
October	10.4813	10.1112	10.3433
November	10.7196	10.2661	10.5181
December	10.9769	10.7511	10.8632