2021 MZN to RWF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2021.
2021 MZN to RWF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2021
During 2021, the MZN to RWF exchange rate experienced significant fluctuation. The market reached its absolute peak on April 18, valuing the pair at 18.0304. Conversely, the yearly low was recorded on January 29, dropping to 13.0233.
This high-to-low spread represents a total annual volatility of 5.0072 RWF. From a start-to-finish perspective, comparing the January average rate of 13.1836 to the December average rate of 16.0109, the exchange rate registered a net change of 21.45% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2021 high of 18.0304 was up 16.34% compared to the 2020 peak of 15.4979, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 MZN based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2021.
MZN 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 14.8958, compared to 15.8506 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.9549 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2021 was April, with a trading range of 3.4145 RWF (High: 18.0304 / Low: 14.6160). On the other end, August was the most stable month, with a tight range of 0.1910 RWF (High: 15.8907 / Low: 15.6997).
Growth Streaks & Declines
TrendsBetween February and May, 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 May and June, when the average rate fell by 0.8842 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (April 2021: 16.6537) against the same month in 2020 (average: 14.0301), the exchange rate shifted by +2.6235 (+18.70%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 13.3138 | 13.0233 | 13.1836 |
| February | 13.2629 | 13.0565 | 13.1674 |
| March | 14.3977 | 13.1724 | 13.5795 |
| April | 18.0304 | 14.6160 | 16.6537 |
| May | 17.4864 | 16.2695 | 16.8373 |
| June | 16.3513 | 15.5371 | 15.9532 |
| July | 15.8655 | 15.5538 | 15.7838 |
| August | 15.8907 | 15.6997 | 15.8244 |
| September | 15.8380 | 15.5834 | 15.7780 |
| October | 15.9375 | 15.5834 | 15.7943 |
| November | 16.2182 | 15.7400 | 15.9125 |
| December | 16.3510 | 15.6556 | 16.0109 |