2022 HNL to RWF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2022.
2022 HNL to RWF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2022
During 2022, the HNL to RWF exchange rate experienced significant fluctuation. The market reached its absolute peak on December 7, valuing the pair at 44.0425. Conversely, the yearly low was recorded on August 29, dropping to 39.9041.
This high-to-low spread represents a total annual volatility of 4.1383 RWF. From a start-to-finish perspective, comparing the January average rate of 41.8941 to the December average rate of 43.3547, the exchange rate registered a net change of 3.49% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2022 high of 44.0425 was up 2.55% compared to the 2021 peak of 42.9483, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 HNL based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2022.
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)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 41.7411, compared to 42.4609 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.7198 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2022 was August, with a trading range of 2.5315 RWF (High: 42.4356 / Low: 39.9041). On the other end, May was the most stable month, with a tight range of 0.4510 RWF (High: 41.9609 / Low: 41.5099).
Growth Streaks & Declines
TrendsBetween June and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 6 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 0.1632 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2022: 43.3547) against the same month in 2021 (average: 42.1109), the exchange rate shifted by +1.2439 (+2.95%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 42.3170 | 41.3863 | 41.8941 |
| February | 42.2337 | 41.0433 | 41.7309 |
| March | 41.9196 | 41.1815 | 41.6228 |
| April | 42.0935 | 41.4327 | 41.7093 |
| May | 41.9609 | 41.5099 | 41.7542 |
| June | 42.0853 | 41.5242 | 41.7351 |
| July | 42.2531 | 41.6092 | 41.8481 |
| August | 42.4356 | 39.9041 | 41.8625 |
| September | 43.0301 | 41.9543 | 42.2670 |
| October | 43.1138 | 42.0638 | 42.5702 |
| November | 43.7529 | 42.2324 | 42.8627 |
| December | 44.0425 | 43.0071 | 43.3547 |