2020 NOK to RWF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2020.
2020 NOK to RWF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2020
During 2020, the NOK to RWF exchange rate experienced significant fluctuation. The market reached its absolute peak on December 30, valuing the pair at 115.8248. Conversely, the yearly low was recorded on March 21, dropping to 79.4725.
This high-to-low spread represents a total annual volatility of 36.3522 RWF. From a start-to-finish perspective, comparing the January average rate of 105.5130 to the December average rate of 113.4880, the exchange rate registered a net change of 7.56% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2020 high of 115.8248 was up 7.94% compared to the 2019 peak of 107.3045, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 NOK based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2020.
NOK 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 97.0933, compared to 106.9996 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 9.9063 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2020 was March, with a trading range of 22.4582 RWF (High: 101.9307 / Low: 79.4725). On the other end, February was the most stable month, with a tight range of 3.6261 RWF (High: 103.1312 / Low: 99.5051).
Growth Streaks & Declines
TrendsBetween April and August, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 8.8958 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2020: 113.4880) against the same month in 2019 (average: 103.6677), the exchange rate shifted by +9.8203 (+9.47%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 108.6012 | 101.8380 | 105.5130 |
| February | 103.1312 | 99.5051 | 101.3488 |
| March | 101.9307 | 79.4725 | 92.4530 |
| April | 92.5691 | 87.6336 | 90.5459 |
| May | 97.1807 | 89.9737 | 93.1988 |
| June | 102.6218 | 97.7490 | 99.5001 |
| July | 105.7920 | 100.0680 | 102.5916 |
| August | 110.6909 | 104.5841 | 107.5658 |
| September | 110.4714 | 99.9242 | 105.2381 |
| October | 106.9503 | 102.3271 | 104.7174 |
| November | 112.0588 | 102.0775 | 108.3967 |
| December | 115.8248 | 111.4417 | 113.4880 |