2021 HNL to RWF Historical Review

YEARLY HIGH

42.9483 RWF

YEARLY LOW

39.5971 RWF

YEARLY AVERAGE

41.5351 RWF

2021 HNL to RWF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the HNL to RWF exchange rate experienced significant fluctuation. The market reached its absolute peak on November 25, valuing the pair at 42.9483. Conversely, the yearly low was recorded on January 6, dropping to 39.5971.

This high-to-low spread represents a total annual volatility of 3.3512 RWF. From a start-to-finish perspective, comparing the January average rate of 40.7533 to the December average rate of 42.1109, the exchange rate registered a net change of 3.33% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2021 high of 42.9483 was up 4.67% compared to the 2020 peak of 41.0338, 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 214,741 RWF

2020 Average 193,532 RWF

Yearly Trough Low 197,985 RWF

Transaction Impact: A difference of 16,756.04 RWF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

42.5311

40.5917

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 41.0561, compared to 42.0141 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.9580 points.

H1 Avg (Jan–Jun) 41.0561

H2 Avg (Jul–Dec) 42.0141

Volatility Range Comparison

Volatility

The most volatile month in 2021 was December, with a trading range of 1.6504 RWF (High: 42.8981 / Low: 41.2477). On the other end, August was the most stable month, with a tight range of 0.4000 RWF (High: 42.4786 / Low: 42.0786).

December Spread (Volatile) ±1.6504

August Spread (Stable) ±0.4000

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 August and September, when the average rate fell by 0.5897 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.5897

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2021: 42.0538) against the same month in 2020 (average: 40.3135), the exchange rate shifted by +1.7403 (+4.32%).

2021 Avg (November) 42.0538

2020 Avg (November) 40.3135

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	41.1901	39.5971	40.7533
February	41.2358	40.3822	40.8277
March	41.2080	40.2678	40.7720
April	41.6294	40.5097	41.1939
May	41.7053	40.8290	41.3238
June	42.0915	40.8714	41.4657
July	42.4491	41.2930	42.0289
August	42.4786	42.0786	42.3695
September	42.2663	41.1157	41.7798
October	42.2812	41.0733	41.7414
November	42.9483	41.5633	42.0538
December	42.8981	41.2477	42.1109