2022 RWF to KES Historical Review

YEARLY HIGH

0.1178 KES

YEARLY LOW

0.1092 KES

YEARLY AVERAGE

0.1138 KES

2022 RWF to KES Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2022

During 2022, the RWF to KES exchange rate experienced significant fluctuation. The market reached its absolute peak on September 18, valuing the pair at 0.1178. Conversely, the yearly low was recorded on January 13, dropping to 0.1092.

This high-to-low spread represents a total annual volatility of 0.0086 KES. From a start-to-finish perspective, comparing the January average rate of 0.1104 to the December average rate of 0.1149, the exchange rate registered a net change of 4.09% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2022 high of 0.1178 was up 4.52% compared to the 2021 peak of 0.1127, 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 589 KES

2021 Average 548 KES

Yearly Trough Low 546 KES

Transaction Impact: A difference of 42.79 KES purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2022.

0.1163

0.1099

JanuMarcMayJulySeptNove

RWF to KES 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 0.1124, compared to 0.1152 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0028 points.

H1 Avg (Jan–Jun) 0.1124

H2 Avg (Jul–Dec) 0.1152

Volatility Range Comparison

Volatility

The most volatile month in 2022 was September, with a trading range of 0.0045 KES (High: 0.1178 / Low: 0.1133). On the other end, May was the most stable month, with a tight range of 0.0014 KES (High: 0.1144 / Low: 0.1131).

September Spread (Volatile) ±0.0045

May Spread (Stable) ±0.0014

Growth Streaks & Declines

Trends

Between January and August, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 7 straight months. Conversely, the sharpest month-over-month decline occurred between September and October, when the average rate fell by 0.0008 points.

Longest Streak 7 Mo.

Sharpest MoM Drop -0.0008

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2022: 0.1157) against the same month in 2021 (average: 0.1094), the exchange rate shifted by +0.0063 (+5.72%).

2022 Avg (September) 0.1157

2021 Avg (September) 0.1094

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1119	0.1092	0.1104
February	0.1132	0.1093	0.1108
March	0.1131	0.1108	0.1122
April	0.1136	0.1119	0.1131
May	0.1144	0.1131	0.1137
June	0.1153	0.1130	0.1144
July	0.1157	0.1140	0.1151
August	0.1163	0.1145	0.1157
September	0.1178	0.1133	0.1157
October	0.1160	0.1135	0.1149
November	0.1160	0.1131	0.1148
December	0.1159	0.1131	0.1149