2018 NGN to RWF Historical Review

YEARLY HIGH

2.4670 RWF

YEARLY LOW

2.3388 RWF

YEARLY AVERAGE

2.4043 RWF

2018 NGN to RWF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2018

During 2018, the NGN to RWF exchange rate experienced significant fluctuation. The market reached its absolute peak on November 22, valuing the pair at 2.4670. Conversely, the yearly low was recorded on February 5, dropping to 2.3388.

This high-to-low spread represents a total annual volatility of 0.1283 RWF. From a start-to-finish perspective, comparing the January average rate of 2.3702 to the December average rate of 2.4255, the exchange rate registered a net change of 2.33% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2018 high of 2.4670 was down 10.62% compared to the 2017 peak of 2.7603, 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 2,467,024 RWF

2017 Average 2,523,231 RWF

Yearly Trough Low 2,338,753 RWF

Transaction Impact: A difference of 128,271.78 RWF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2018.

2.4409

2.3609

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: Jan–Jun) was 2.3886, compared to 2.4199 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0313 points.

H1 Avg (Jan–Jun) 2.3886

H2 Avg (Jul–Dec) 2.4199

Volatility Range Comparison

Volatility

The most volatile month in 2018 was September, with a trading range of 0.0640 RWF (High: 2.4503 / Low: 2.3862). On the other end, March was the most stable month, with a tight range of 0.0282 RWF (High: 2.4027 / Low: 2.3745).

September Spread (Volatile) ±0.0640

March Spread (Stable) ±0.0282

Growth Streaks & Declines

Trends

Between 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 November and December, when the average rate fell by 0.0088 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0088

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2018: 2.4342) against the same month in 2017 (average: 2.3732), the exchange rate shifted by +0.0611 (+2.57%).

2018 Avg (November) 2.4342

2017 Avg (November) 2.3732

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.3928	2.3424	2.3702
February	2.3991	2.3388	2.3676
March	2.4027	2.3745	2.3871
April	2.4098	2.3764	2.3976
May	2.4186	2.3823	2.4046
June	2.4238	2.3843	2.4046
July	2.4336	2.3823	2.4102
August	2.4360	2.3856	2.4169
September	2.4503	2.3862	2.4202
October	2.4400	2.3865	2.4124
November	2.4670	2.4105	2.4342
December	2.4555	2.3929	2.4255