2021 MAD to RWF Historical Review

YEARLY HIGH

113.8336 RWF

YEARLY LOW

108.1737 RWF

YEARLY AVERAGE

111.3797 RWF

2021 MAD to RWF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the MAD to RWF exchange rate experienced significant fluctuation. The market reached its absolute peak on May 25, valuing the pair at 113.8336. Conversely, the yearly low was recorded on April 3, dropping to 108.1737.

This high-to-low spread represents a total annual volatility of 5.6598 RWF. From a start-to-finish perspective, comparing the January average rate of 110.9471 to the December average rate of 110.4840, the exchange rate registered a net change of -0.42% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2021 high of 113.8336 was up 2.16% compared to the 2020 peak of 111.4298, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 569,168 RWF

2020 Average 504,942 RWF

Yearly Trough Low 540,869 RWF

Transaction Impact: A difference of 28,299.09 RWF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

112.7821

109.3131

JanuMarcMayJulySeptNove

MAD 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 111.1578, compared to 111.6016 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.4437 points.

H1 Avg (Jan–Jun) 111.1578

H2 Avg (Jul–Dec) 111.6016

Volatility Range Comparison

Volatility

The most volatile month in 2021 was April, with a trading range of 4.1486 RWF (High: 112.3224 / Low: 108.1737). On the other end, February was the most stable month, with a tight range of 2.0911 RWF (High: 111.6878 / Low: 109.5967).

April Spread (Volatile) ±4.1486

February Spread (Stable) ±2.0911

Growth Streaks & Declines

Trends

Between March and June, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 1.0488 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -1.0488

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2021: 112.4464) against the same month in 2020 (average: 95.4454), the exchange rate shifted by +17.0010 (+17.81%).

2021 Avg (May) 112.4464

2020 Avg (May) 95.4454

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	112.3694	109.3765	110.9471
February	111.6878	109.5967	110.6510
March	110.8764	108.2811	109.6022
April	112.3224	108.1737	110.8073
May	113.8336	111.2553	112.4464
June	113.7421	110.4002	112.4931
July	112.9082	110.3402	112.2280
August	113.2421	110.9197	112.3535
September	113.1715	110.6416	112.2711
October	112.6081	109.8719	111.3644
November	112.3530	109.0427	110.9085
December	112.2417	108.2321	110.4840