YEARLY HIGH
2.6306 RWF
YEARLY LOW
2.3874 RWF
YEARLY AVERAGE
2.4843 RWF

2021 NGN to RWF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the NGN to RWF exchange rate experienced significant fluctuation. The market reached its absolute peak on April 17, valuing the pair at 2.6306. Conversely, the yearly low was recorded on June 11, dropping to 2.3874.

This high-to-low spread represents a total annual volatility of 0.2432 RWF. From a start-to-finish perspective, comparing the January average rate of 2.5479 to the December average rate of 2.4866, the exchange rate registered a net change of -2.40% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2021 high of 2.6306 was up 0.27% compared to the 2020 peak of 2.6235, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 1,000,000 NGN based on timing:

Yearly Peak High 2,630,569 RWF
2020 Average 2,518,342 RWF
Yearly Trough Low 2,387,358 RWF
Transaction Impact: A difference of 243,210.66 RWF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

2.5602
2.4124
JanuMarcMayJulySeptNove

NGN 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: JanтАУJun) was 2.5106, compared to 2.4579 in the second half (H2: JulтАУDec). This shows that the rate was stronger in the first half (JanтАУJun) by a margin of 0.0527 points.

H1 Avg (JanтАУJun) 2.5106
H2 Avg (JulтАУDec) 2.4579

Volatility Range Comparison

Volatility

The most volatile month in 2021 was May, with a trading range of 0.2314 RWF (High: 2.6225 / Low: 2.3910). On the other end, August was the most stable month, with a tight range of 0.0301 RWF (High: 2.4577 / Low: 2.4276).

May Spread (Volatile) ┬▒0.2314
August Spread (Stable) ┬▒0.0301

Growth Streaks & Declines

Trends

Between September and December, 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 April and May, when the average rate fell by 0.0762 points.

Longest Streak 3 Mo.
Sharpest MoM Drop -0.0762

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2021: 2.5415) against the same month in 2020 (average: 2.4518), the exchange rate shifted by +0.0897 (+3.66%).

2021 Avg (April) 2.5415
2020 Avg (April) 2.4518

рдорд╛рд╕рд┐рдХ рд╡рд┐рд╢реНрд▓реЗрд╖рдг

рдкреНрд░рддреНрдпреЗрдХ рдХреЕрд▓реЗрдВрдбрд░ рдорд╣рд┐рдиреНрдпрд╛рд╕рд╛рдареА рд╕рд╛рдВрдЦреНрдпрд┐рдХреАрдп рд╕рд╛рд░рд╛рдВрд╢.

Month High Low Average
January 2.6062 2.4976 2.5479
February 2.6057 2.4119 2.5393
March 2.6064 2.4209 2.5451
April 2.6306 2.4261 2.5415
May 2.6225 2.3910 2.4652
June 2.4537 2.3874 2.4247
July 2.4500 2.4058 2.4402
August 2.4577 2.4276 2.4487
September 2.4552 2.4180 2.4463
October 2.4765 2.4217 2.4533
November 2.5182 2.4481 2.4723
December 2.5236 2.4391 2.4866