2021 HKD to RWF Historical Review

YEARLY HIGH

133.8040 RWF

YEARLY LOW

125.7026 RWF

YEARLY AVERAGE

128.8138 RWF

2021 HKD to RWF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the HKD to RWF exchange rate experienced significant fluctuation. The market reached its absolute peak on December 18, valuing the pair at 133.8040. Conversely, the yearly low was recorded on January 8, dropping to 125.7026.

This high-to-low spread represents a total annual volatility of 8.1013 RWF. From a start-to-finish perspective, comparing the January average rate of 127.4361 to the December average rate of 131.1161, the exchange rate registered a net change of 2.89% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2021 high of 133.8040 was up 4.67% compared to the 2020 peak of 127.8328, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 25,000 HKD based on timing:

Yearly Peak High 3,345,100 RWF

2020 Average 3,085,224 RWF

Yearly Trough Low 3,142,566 RWF

Transaction Impact: A difference of 202,533.37 RWF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

131.5157

126.7210

JanuMarcMayJulySeptNove

HKD 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 127.7685, compared to 129.8592 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 2.0907 points.

H1 Avg (Jan–Jun) 127.7685

H2 Avg (Jul–Dec) 129.8592

Volatility Range Comparison

Volatility

The most volatile month in 2021 was December, with a trading range of 5.5414 RWF (High: 133.8040 / Low: 128.2626). On the other end, August was the most stable month, with a tight range of 1.5430 RWF (High: 129.9864 / Low: 128.4435).

December Spread (Volatile) ±5.5414

August Spread (Stable) ±1.5430

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 February and March, when the average rate fell by 0.5275 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.5275

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2021: 131.1161) against the same month in 2020 (average: 127.3991), the exchange rate shifted by +3.7170 (+2.92%).

2021 Avg (December) 131.1161

2020 Avg (December) 127.3991

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	128.4552	125.7026	127.4361
February	128.3042	126.7178	127.6480
March	128.1197	125.8846	127.1205
April	128.8847	125.7855	127.7046
May	129.5048	126.8397	128.2080
June	129.6396	126.7180	128.4935
July	129.6576	127.4189	129.1401
August	129.9864	128.4435	129.4700
September	129.9068	127.7979	129.4033
October	130.8798	127.9241	129.6145
November	132.7774	129.1118	130.4109
December	133.8040	128.2626	131.1161