YEARLY HIGH
121.7457 RWF
YEARLY LOW
108.9461 RWF
YEARLY AVERAGE
116.4900 RWF

2021 NOK to RWF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the NOK to RWF exchange rate experienced significant fluctuation. The market reached its absolute peak on October 23, valuing the pair at 121.7457. Conversely, the yearly low was recorded on December 3, dropping to 108.9461.

This high-to-low spread represents a total annual volatility of 12.7996 RWF. From a start-to-finish perspective, comparing the January average rate of 115.9429 to the December average rate of 113.9844, the exchange rate registered a net change of -1.69% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2021 high of 121.7457 was up 5.11% compared to the 2020 peak of 115.8248, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 608,729 RWF
2020 Average 510,313 RWF
Yearly Trough Low 544,731 RWF
Transaction Impact: A difference of 63,998.14 RWF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

120.4449
113.2199
JanuMarcMayJulySeptNove

NOK 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 117.3970, compared to 115.5830 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 1.8139 points.

H1 Avg (Jan–Jun) 117.3970
H2 Avg (Jul–Dec) 115.5830

Volatility Range Comparison

Volatility

The most volatile month in 2021 was November, with a trading range of 9.0300 RWF (High: 120.0524 / Low: 111.0224). On the other end, May was the most stable month, with a tight range of 2.9989 RWF (High: 121.2664 / Low: 118.2676).

November Spread (Volatile) ±9.0300
May Spread (Stable) ±2.9989

Growth Streaks & Declines

Trends

Between March and May, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between June and July, when the average rate fell by 3.8897 points.

Longest Streak 2 Mo.
Sharpest MoM Drop -3.8897

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2021: 119.1164) against the same month in 2020 (average: 104.7174), the exchange rate shifted by +14.3990 (+13.75%).

2021 Avg (October) 119.1164
2020 Avg (October) 104.7174

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 117.9474 113.1894 115.9429
February 118.4155 114.3499 116.3412
March 117.5290 113.5581 115.7745
April 121.6423 114.8517 118.1998
May 121.2664 118.2676 119.8428
June 121.1800 114.1460 118.2806
July 117.4616 111.0796 114.3909
August 116.3215 111.3697 113.8220
September 117.5806 114.5472 116.2306
October 121.7457 115.5584 119.1164
November 120.0524 111.0224 115.9539
December 117.1056 108.9461 113.9844