2020 HNL to RWF Historical Review

YEARLY HIGH

41.0338 RWF

YEARLY LOW

36.9492 RWF

YEARLY AVERAGE

38.7033 RWF

2020 HNL to RWF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2020

During 2020, the HNL to RWF exchange rate experienced significant fluctuation. The market reached its absolute peak on December 25, valuing the pair at 41.0338. Conversely, the yearly low was recorded on January 14, dropping to 36.9492.

This high-to-low spread represents a total annual volatility of 4.0846 RWF. From a start-to-finish perspective, comparing the January average rate of 38.0685 to the December average rate of 40.7379, the exchange rate registered a net change of 7.01% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2020 high of 41.0338 was down 34.29% compared to the 2019 peak of 62.4483, 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 205,169 RWF

2019 Average 185,782 RWF

Yearly Trough Low 184,746 RWF

Transaction Impact: A difference of 20,422.80 RWF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2020.

41.0468

37.3403

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 37.9291, compared to 39.4775 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 1.5484 points.

H1 Avg (Jan–Jun) 37.9291

H2 Avg (Jul–Dec) 39.4775

Volatility Range Comparison

Volatility

The most volatile month in 2020 was January, with a trading range of 1.7062 RWF (High: 38.6554 / Low: 36.9492). On the other end, July was the most stable month, with a tight range of 0.5597 RWF (High: 38.6515 / Low: 38.0918).

January Spread (Volatile) ±1.7062

July Spread (Stable) ±0.5597

Growth Streaks & Declines

Trends

Between May and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 7 straight months. Conversely, the sharpest month-over-month decline occurred between April and May, when the average rate fell by 0.2216 points.

Longest Streak 7 Mo.

Sharpest MoM Drop -0.2216

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2020: 40.7379) against the same month in 2019 (average: 38.6138), the exchange rate shifted by +2.1242 (+5.50%).

2020 Avg (December) 40.7379

2019 Avg (December) 38.6138

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	38.6554	36.9492	38.0685
February	38.6034	37.4245	37.9328
March	38.5801	37.5050	37.9770
April	38.3554	37.5201	37.8708
May	38.4267	37.3624	37.6492
June	38.4457	37.4449	38.0763
July	38.6515	38.0918	38.3358
August	39.2163	38.1526	38.9217
September	39.3363	38.3622	38.9562
October	39.8701	38.7424	39.5995
November	40.7593	39.6825	40.3135
December	41.0338	40.4321	40.7379