2021 KES to RWF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2021.
2021 KES to RWF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2021
During 2021, the KES to RWF exchange rate experienced significant fluctuation. The market reached its absolute peak on May 11, valuing the pair at 9.3612. Conversely, the yearly low was recorded on December 3, dropping to 8.8731.
This high-to-low spread represents a total annual volatility of 0.4881 RWF. From a start-to-finish perspective, comparing the January average rate of 8.9885 to the December average rate of 9.0506, the exchange rate registered a net change of 0.69% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2021 high of 9.3612 was down 1.06% compared to the 2020 peak of 9.4614, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 KES based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2021.
KES 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 9.1195, compared to 9.1424 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0229 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2021 was December, with a trading range of 0.3578 RWF (High: 9.2309 / Low: 8.8731). On the other end, February was the most stable month, with a tight range of 0.0969 RWF (High: 9.0742 / Low: 8.9772).
Growth Streaks & Declines
TrendsBetween March and May, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between August and September, when the average rate fell by 0.0804 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (May 2021: 9.2651) against the same month in 2020 (average: 8.8106), the exchange rate shifted by +0.4545 (+5.16%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 9.0752 | 8.8970 | 8.9885 |
| February | 9.0742 | 8.9772 | 9.0248 |
| March | 9.0645 | 8.9071 | 8.9990 |
| April | 9.3413 | 8.9991 | 9.1895 |
| May | 9.3612 | 9.1959 | 9.2651 |
| June | 9.3366 | 9.1234 | 9.2501 |
| July | 9.3235 | 9.1413 | 9.2782 |
| August | 9.2949 | 9.1521 | 9.2199 |
| September | 9.1896 | 9.0127 | 9.1395 |
| October | 9.1854 | 8.9680 | 9.0947 |
| November | 9.2334 | 8.9556 | 9.0714 |
| December | 9.2309 | 8.8731 | 9.0506 |