2021 PHP to RWF Historical Review

YEARLY HIGH

21.0123 RWF

YEARLY LOW

19.6125 RWF

YEARLY AVERAGE

20.3284 RWF

2021 PHP to RWF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the PHP to RWF exchange rate experienced significant fluctuation. The market reached its absolute peak on June 6, valuing the pair at 21.0123. Conversely, the yearly low was recorded on October 2, dropping to 19.6125.

This high-to-low spread represents a total annual volatility of 1.3999 RWF. From a start-to-finish perspective, comparing the January average rate of 20.5519 to the December average rate of 20.3242, the exchange rate registered a net change of -1.11% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2021 high of 21.0123 was up 1.71% compared to the 2020 peak of 20.6599, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 250,000 PHP based on timing:

Yearly Peak High 5,253,084 RWF

2020 Average 4,828,130 RWF

Yearly Trough Low 4,903,117 RWF

Transaction Impact: A difference of 349,967.46 RWF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

20.8817

19.7964

JanuMarcMayJulySeptNove

PHP 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 20.5603, compared to 20.0965 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.4638 points.

H1 Avg (Jan–Jun) 20.5603

H2 Avg (Jul–Dec) 20.0965

Volatility Range Comparison

Volatility

The most volatile month in 2021 was December, with a trading range of 1.1130 RWF (High: 20.9305 / Low: 19.8175). On the other end, May was the most stable month, with a tight range of 0.3326 RWF (High: 20.9465 / Low: 20.6139).

December Spread (Volatile) ±1.1130

May Spread (Stable) ±0.3326

Growth Streaks & Declines

Trends

Between March and May, 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 June and July, when the average rate fell by 0.6489 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.6489

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (June 2021: 20.7042) against the same month in 2020 (average: 18.9674), the exchange rate shifted by +1.7368 (+9.16%).

2021 Avg (June) 20.7042

2020 Avg (June) 18.9674

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	20.8007	20.2886	20.5519
February	20.7224	20.2760	20.4932
March	20.4748	20.0924	20.3375
April	20.7104	20.1724	20.4836
May	20.9465	20.6139	20.7912
June	21.0123	20.2595	20.7042
July	20.4797	19.7104	20.0553
August	20.6621	19.7991	20.0778
September	20.2619	19.6322	20.0562
October	20.0959	19.6125	19.8868
November	20.5689	19.9515	20.1788
December	20.9305	19.8175	20.3242