2022 NOK to RWF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2022.
2022 NOK to RWF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2022
During 2022, the NOK to RWF exchange rate experienced significant fluctuation. The market reached its absolute peak on January 13, valuing the pair at 119.2391. Conversely, the yearly low was recorded on October 1, dropping to 95.6893.
This high-to-low spread represents a total annual volatility of 23.5498 RWF. From a start-to-finish perspective, comparing the January average rate of 116.0506 to the December average rate of 108.4484, the exchange rate registered a net change of -6.55% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2022 high of 119.2391 was down 2.06% compared to the 2021 peak of 121.7457, 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 2022.
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 112.2991, compared to 104.0032 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 8.2959 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2022 was September, with a trading range of 9.6160 RWF (High: 105.3054 / Low: 95.6893). On the other end, December was the most stable month, with a tight range of 3.8874 RWF (High: 110.8440 / Low: 106.9566).
Growth Streaks & Declines
TrendsBetween October and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between April and May, when the average rate fell by 8.1509 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (January 2022: 116.0506) against the same month in 2021 (average: 115.9429), the exchange rate shifted by +0.1077 (+0.09%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 119.2391 | 113.2504 | 116.0506 |
| February | 118.0056 | 112.8313 | 115.7051 |
| March | 118.5947 | 112.4936 | 115.5013 |
| April | 117.9801 | 108.3998 | 114.7583 |
| May | 110.9330 | 103.2389 | 106.6075 |
| June | 109.2997 | 102.1319 | 105.1717 |
| July | 106.6258 | 100.0177 | 103.0004 |
| August | 109.0615 | 104.5077 | 106.1694 |
| September | 105.3054 | 95.6893 | 101.5997 |
| October | 103.0684 | 95.6893 | 99.7407 |
| November | 109.2016 | 100.1432 | 105.0605 |
| December | 110.8440 | 106.9566 | 108.4484 |