2020 GHS to RWF Historical Review

YEARLY HIGH

178.6919 RWF

YEARLY LOW

161.3866 RWF

YEARLY AVERAGE

167.0025 RWF

2020 GHS to RWF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2020

During 2020, the GHS to RWF exchange rate experienced significant fluctuation. The market reached its absolute peak on February 20, valuing the pair at 178.6919. Conversely, the yearly low was recorded on May 6, dropping to 161.3866.

This high-to-low spread represents a total annual volatility of 17.3053 RWF. From a start-to-finish perspective, comparing the January average rate of 166.9431 to the December average rate of 168.3012, the exchange rate registered a net change of 0.81% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2020 high of 178.6919 was down 3.50% compared to the 2019 peak of 185.1659, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 893,459 RWF

2019 Average 849,282 RWF

Yearly Trough Low 806,933 RWF

Transaction Impact: A difference of 86,526.27 RWF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2020.

176.2574

161.5553

JanuMarcMayJulySeptNove

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)

Seasonal

The average exchange rate in the first half of the year (H1: Jan–Jun) was 166.9184, compared to 167.0866 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1682 points.

H1 Avg (Jan–Jun) 166.9184

H2 Avg (Jul–Dec) 167.0866

Volatility Range Comparison

Volatility

The most volatile month in 2020 was March, with a trading range of 12.2811 RWF (High: 175.1829 / Low: 162.9018). On the other end, November was the most stable month, with a tight range of 2.1739 RWF (High: 169.5540 / Low: 167.3801).

March Spread (Volatile) ±12.2811

November Spread (Stable) ±2.1739

Growth Streaks & Declines

Trends

Between May and August, 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 March and April, when the average rate fell by 5.9784 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -5.9784

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2020: 175.0322) against the same month in 2019 (average: 169.6756), the exchange rate shifted by +5.3566 (+3.16%).

2020 Avg (February) 175.0322

2019 Avg (February) 169.6756

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	170.4545	163.7478	166.9431
February	178.6919	170.4545	175.0322
March	175.1829	162.9018	169.3251
April	166.4405	161.6379	163.3467
May	164.9820	161.3866	162.7805
June	165.2973	161.6249	164.0825
July	166.1624	163.5850	165.1252
August	167.6326	164.6447	166.7156
September	167.5808	164.1070	166.3433
October	168.6957	164.6219	167.4229
November	169.5540	167.3801	168.6113
December	169.1658	165.4129	168.3012