2022 ETB to RWF Historical Review

YEARLY HIGH

20.9661 RWF

YEARLY LOW

19.4891 RWF

YEARLY AVERAGE

19.9524 RWF

2022 ETB to RWF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2022

During 2022, the ETB to RWF exchange rate experienced significant fluctuation. The market reached its absolute peak on January 14, valuing the pair at 20.9661. Conversely, the yearly low was recorded on July 21, dropping to 19.4891.

This high-to-low spread represents a total annual volatility of 1.4770 RWF. From a start-to-finish perspective, comparing the January average rate of 20.7123 to the December average rate of 19.9990, the exchange rate registered a net change of -3.44% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2022 high of 20.9661 was down 16.82% compared to the 2021 peak of 25.2072, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 104,831 RWF

2021 Average 114,445 RWF

Yearly Trough Low 97,446 RWF

Transaction Impact: A difference of 7,385.03 RWF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2022.

20.8169

19.5615

JanuMarcMayJulySeptNove

ETB 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 20.0636, compared to 19.8413 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.2223 points.

H1 Avg (Jan–Jun) 20.0636

H2 Avg (Jul–Dec) 19.8413

Volatility Range Comparison

Volatility

The most volatile month in 2022 was February, with a trading range of 0.9521 RWF (High: 20.7276 / Low: 19.7755). On the other end, May was the most stable month, with a tight range of 0.3009 RWF (High: 19.9418 / Low: 19.6410).

February Spread (Volatile) ±0.9521

May Spread (Stable) ±0.3009

Growth Streaks & Declines

Trends

Between August and December, 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 January and February, when the average rate fell by 0.3920 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.3920

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2022: 20.7123) against the same month in 2021 (average: 25.0672), the exchange rate shifted by -4.3549 (-17.37%).

2022 Avg (January) 20.7123

2021 Avg (January) 25.0672

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	20.9661	20.4422	20.7123
February	20.7276	19.7755	20.3202
March	20.1248	19.7777	19.9400
April	20.0664	19.7557	19.8725
May	19.9418	19.6410	19.8058
June	20.0343	19.6012	19.7308
July	19.8726	19.4891	19.6681
August	19.8812	19.5276	19.6661
September	20.0247	19.5928	19.7799
October	20.1438	19.8004	19.9547
November	20.2347	19.7870	19.9798
December	20.3125	19.8313	19.9990