2019 HNL to RWF Historical Review

YEARLY HIGH

62.4483 RWF

YEARLY LOW

35.7692 RWF

YEARLY AVERAGE

37.1509 RWF

2019 HNL to RWF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2019

During 2019, the HNL to RWF exchange rate experienced significant fluctuation. The market reached its absolute peak on December 9, valuing the pair at 62.4483. Conversely, the yearly low was recorded on January 3, dropping to 35.7692.

This high-to-low spread represents a total annual volatility of 26.6791 RWF. From a start-to-finish perspective, comparing the January average rate of 36.4075 to the December average rate of 38.6138, the exchange rate registered a net change of 6.06% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2019 high of 62.4483 was up 63.15% compared to the 2018 peak of 38.2766, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 312,242 RWF

2018 Average 181,656 RWF

Yearly Trough Low 178,846 RWF

Transaction Impact: A difference of 133,395.58 RWF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2019.

38.8344

36.1869

JanuMarcMayJulySeptNove

HNL 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 36.7014, compared to 37.6003 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.8989 points.

H1 Avg (Jan–Jun) 36.7014

H2 Avg (Jul–Dec) 37.6003

Volatility Range Comparison

Volatility

The most volatile month in 2019 was December, with a trading range of 25.3441 RWF (High: 62.4483 / Low: 37.1043). On the other end, April was the most stable month, with a tight range of 0.3848 RWF (High: 36.9999 / Low: 36.6151).

December Spread (Volatile) ±25.3441

April Spread (Stable) ±0.3848

Growth Streaks & Declines

Trends

Between January and May, 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 May and June, when the average rate fell by 0.4242 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.4242

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2019: 38.6138) against the same month in 2018 (average: 36.3960), the exchange rate shifted by +2.2177 (+6.09%).

2019 Avg (December) 38.6138

2018 Avg (December) 36.3960

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	36.7918	35.7692	36.4075
February	36.8152	35.9756	36.4239
March	36.8921	35.8670	36.5630
April	36.9999	36.6151	36.8424
May	38.3963	36.7139	37.1979
June	37.1943	35.8316	36.7737
July	37.4657	36.8686	37.1264
August	37.4981	36.8795	37.2799
September	37.8376	37.2470	37.4541
October	37.6696	37.1356	37.4505
November	37.9105	37.2186	37.6771
December	62.4483	37.1043	38.6138