2021 RWF to IRR Historical Review

YEARLY HIGH

43.1846 IRR

YEARLY LOW

40.4689 IRR

YEARLY AVERAGE

42.1107 IRR

2021 RWF to IRR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the RWF to IRR exchange rate experienced significant fluctuation. The market reached its absolute peak on January 8, valuing the pair at 43.1846. Conversely, the yearly low was recorded on December 18, dropping to 40.4689.

This high-to-low spread represents a total annual volatility of 2.7157 IRR. From a start-to-finish perspective, comparing the January average rate of 42.6193 to the December average rate of 41.3332, the exchange rate registered a net change of -3.02% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2021 high of 43.1846 was down 37.74% compared to the 2020 peak of 69.3634, 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 215,923 IRR

2020 Average 220,369 IRR

Yearly Trough Low 202,344 IRR

Transaction Impact: A difference of 13,578.71 IRR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

42.7909

41.2006

JanuMarcMayJulySeptNove

RWF to IRR 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 42.4627, compared to 41.7587 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.7041 points.

H1 Avg (Jan–Jun) 42.4627

H2 Avg (Jul–Dec) 41.7587

Volatility Range Comparison

Volatility

The most volatile month in 2021 was December, with a trading range of 1.7811 IRR (High: 42.2500 / Low: 40.4689). On the other end, August was the most stable month, with a tight range of 0.4920 IRR (High: 42.1767 / Low: 41.6847).

December Spread (Volatile) ±1.7811

August Spread (Stable) ±0.4920

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2021. Conversely, the sharpest month-over-month decline occurred between October and November, when the average rate fell by 0.2765 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.2765

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2021: 42.6193) against the same month in 2020 (average: 44.6280), the exchange rate shifted by -2.0087 (-4.50%).

2021 Avg (January) 42.6193

2020 Avg (January) 44.6280

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	43.1846	42.2777	42.6193
February	42.8550	42.3270	42.5438
March	43.0742	42.3201	42.6584
April	43.0742	42.0488	42.4362
May	42.7462	41.8579	42.2941
June	42.8114	41.8378	42.2246
July	42.5783	41.8420	41.9947
August	42.1767	41.6847	41.8475
September	42.4070	41.7564	41.9185
October	42.4121	41.4737	41.8674
November	42.0398	40.8132	41.5909
December	42.2500	40.4689	41.3332