2021 NZD to RWF Historical Review

YEARLY HIGH

736.1204 RWF

YEARLY LOW

674.8973 RWF

YEARLY AVERAGE

708.1025 RWF

2021 NZD to RWF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the NZD to RWF exchange rate experienced significant fluctuation. The market reached its absolute peak on February 24, valuing the pair at 736.1204. Conversely, the yearly low was recorded on December 3, dropping to 674.8973.

This high-to-low spread represents a total annual volatility of 61.2232 RWF. From a start-to-finish perspective, comparing the January average rate of 709.9170 to the December average rate of 693.8656, the exchange rate registered a net change of -2.26% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2021 high of 736.1204 was up 3.21% compared to the 2020 peak of 713.2108, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 NZD based on timing:

Yearly Peak High 3,680,602 RWF

2020 Average 3,115,761 RWF

Yearly Trough Low 3,374,486 RWF

Transaction Impact: A difference of 306,115.84 RWF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

721.8845

691.3184

JanuMarcMayJulySeptNove

NZD 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 710.8243, compared to 705.3808 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 5.4435 points.

H1 Avg (Jan–Jun) 710.8243

H2 Avg (Jul–Dec) 705.3808

Volatility Range Comparison

Volatility

The most volatile month in 2021 was March, with a trading range of 39.4413 RWF (High: 722.3677 / Low: 682.9264). On the other end, May was the most stable month, with a tight range of 17.2602 RWF (High: 729.4099 / Low: 712.1497).

March Spread (Volatile) ±39.4413

May Spread (Stable) ±17.2602

Growth Streaks & Declines

Trends

Between July and November, 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 November and December, when the average rate fell by 18.0558 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -18.0558

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2021: 717.1066) against the same month in 2020 (average: 601.6898), the exchange rate shifted by +115.4168 (+19.18%).

2021 Avg (February) 717.1066

2020 Avg (February) 601.6898

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	719.7177	698.7303	709.9170
February	736.1204	706.6822	717.1066
March	722.3677	682.9264	704.0091
April	722.9037	689.1154	706.6404
May	729.4099	712.1497	719.3373
June	724.7638	686.6146	707.9351
July	709.2787	690.2307	701.2271
August	710.9185	687.1490	703.0338
September	721.7029	693.1606	710.6893
October	728.2819	692.1152	711.5473
November	726.4184	687.0844	711.9214
December	706.6106	674.8973	693.8656