2020 NGN to RWF Historical Review

YEARLY HIGH

2.6235 RWF

YEARLY LOW

2.3938 RWF

YEARLY AVERAGE

2.5185 RWF

2020 NGN to RWF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2020

During 2020, the NGN to RWF exchange rate experienced significant fluctuation. The market reached its absolute peak on January 19, valuing the pair at 2.6235. Conversely, the yearly low was recorded on May 6, dropping to 2.3938.

This high-to-low spread represents a total annual volatility of 0.2297 RWF. From a start-to-finish perspective, comparing the January average rate of 2.6045 to the December average rate of 2.5731, the exchange rate registered a net change of -1.21% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2020 high of 2.6235 was down 12.44% compared to the 2019 peak of 2.9962, 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 2,623,530 RWF

2019 Average 2,533,185 RWF

Yearly Trough Low 2,393,817 RWF

Transaction Impact: A difference of 229,712.57 RWF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2020.

2.6234

2.3971

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 2.5097, compared to 2.5273 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0176 points.

H1 Avg (Jan–Jun) 2.5097

H2 Avg (Jul–Dec) 2.5273

Volatility Range Comparison

Volatility

The most volatile month in 2020 was March, with a trading range of 0.1937 RWF (High: 2.6138 / Low: 2.4201). On the other end, July was the most stable month, with a tight range of 0.0300 RWF (High: 2.4740 / Low: 2.4441).

March Spread (Volatile) ±0.1937

July Spread (Stable) ±0.0300

Growth Streaks & Declines

Trends

Between May and November, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 6 straight months. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 0.0975 points.

Longest Streak 6 Mo.

Sharpest MoM Drop -0.0975

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2020: 2.6045) against the same month in 2019 (average: 2.4477), the exchange rate shifted by +0.1568 (+6.41%).

2020 Avg (January) 2.6045

2019 Avg (January) 2.4477

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.6235	2.5793	2.6045
February	2.6220	2.5581	2.5861
March	2.6138	2.4201	2.5493
April	2.5798	2.4038	2.4518
May	2.4447	2.3938	2.4159
June	2.4667	2.4129	2.4505
July	2.4740	2.4441	2.4607
August	2.5304	2.4538	2.4981
September	2.5428	2.4659	2.5088
October	2.5763	2.4935	2.5475
November	2.5979	2.5440	2.5754
December	2.6018	2.5097	2.5731