2021 RWF to CVE Historical Review

YEARLY HIGH

0.0982 CVE

YEARLY LOW

0.0902 CVE

YEARLY AVERAGE

0.0935 CVE

2021 RWF to CVE Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the RWF to CVE exchange rate experienced significant fluctuation. The market reached its absolute peak on December 3, valuing the pair at 0.0982. Conversely, the yearly low was recorded on May 26, dropping to 0.0902.

This high-to-low spread represents a total annual volatility of 0.0080 CVE. From a start-to-finish perspective, comparing the January average rate of 0.0921 to the December average rate of 0.0958, the exchange rate registered a net change of 4.09% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2021 high of 0.0982 was down 63.93% compared to the 2020 peak of 0.2722, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 491 CVE

2020 Average 510 CVE

Yearly Trough Low 451 CVE

Transaction Impact: A difference of 39.79 CVE purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

0.0963

0.0912

JanuMarcMayJulySeptNove

RWF to CVE 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 0.0927, compared to 0.0942 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0016 points.

H1 Avg (Jan–Jun) 0.0927

H2 Avg (Jul–Dec) 0.0942

Volatility Range Comparison

Volatility

The most volatile month in 2021 was June, with a trading range of 0.0048 CVE (High: 0.0952 / Low: 0.0904). On the other end, August was the most stable month, with a tight range of 0.0017 CVE (High: 0.0941 / Low: 0.0923).

June Spread (Volatile) ±0.0048

August Spread (Stable) ±0.0017

Growth Streaks & Declines

Trends

Between August and December, 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 April and May, when the average rate fell by 0.0017 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0017

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2021: 0.0958) against the same month in 2020 (average: 0.0921), the exchange rate shifted by +0.0038 (+4.11%).

2021 Avg (December) 0.0958

2020 Avg (December) 0.0921

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0933	0.0909	0.0921
February	0.0937	0.0917	0.0925
March	0.0959	0.0928	0.0943
April	0.0960	0.0920	0.0934
May	0.0937	0.0902	0.0916
June	0.0952	0.0904	0.0922
July	0.0952	0.0926	0.0934
August	0.0941	0.0923	0.0931
September	0.0949	0.0922	0.0933
October	0.0959	0.0936	0.0946
November	0.0972	0.0936	0.0954
December	0.0982	0.0942	0.0958