2018 GHS to RWF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2018.
2018 GHS to RWF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2018
During 2018, the GHS to RWF exchange rate experienced significant fluctuation. The market reached its absolute peak on April 1, valuing the pair at 195.9519. Conversely, the yearly low was recorded on October 3, dropping to 175.1008.
This high-to-low spread represents a total annual volatility of 20.8511 RWF. From a start-to-finish perspective, comparing the January average rate of 187.9848 to the December average rate of 179.5358, the exchange rate registered a net change of -4.49% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2018 high of 195.9519 was down 3.27% compared to the 2017 peak of 202.5715, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 GHS based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2018.
GHS 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 189.9925, compared to 181.4178 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 8.5746 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2018 was September, with a trading range of 10.4169 RWF (High: 186.8075 / Low: 176.3906). On the other end, April was the most stable month, with a tight range of 3.1988 RWF (High: 195.9519 / Low: 192.7531).
Growth Streaks & Declines
TrendsBetween January and April, 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 May and June, when the average rate fell by 6.1379 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (April 2018: 194.2174) against the same month in 2017 (average: 198.2876), the exchange rate shifted by -4.0702 (-2.05%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 190.3363 | 185.7770 | 187.9848 |
| February | 193.5307 | 187.0927 | 190.8766 |
| March | 195.8138 | 191.9283 | 194.0121 |
| April | 195.9519 | 192.7531 | 194.2174 |
| May | 193.2916 | 184.1466 | 189.5009 |
| June | 186.3667 | 179.5407 | 183.3629 |
| July | 183.2568 | 178.4232 | 181.3256 |
| August | 186.0232 | 177.5897 | 181.8778 |
| September | 186.8075 | 176.3906 | 183.0108 |
| October | 184.5587 | 175.1008 | 180.7735 |
| November | 185.3556 | 178.5946 | 181.9835 |
| December | 183.0399 | 175.2515 | 179.5358 |