2022 RWF to MAD Historical Review

YEARLY HIGH

0.0106 MAD

YEARLY LOW

0.0089 MAD

YEARLY AVERAGE

0.0098 MAD

2022 RWF to MAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2022

During 2022, the RWF to MAD exchange rate experienced significant fluctuation. The market reached its absolute peak on October 8, valuing the pair at 0.0106. Conversely, the yearly low was recorded on January 13, dropping to 0.0089.

This high-to-low spread represents a total annual volatility of 0.0017 MAD. From a start-to-finish perspective, comparing the January average rate of 0.0090 to the December average rate of 0.0098, the exchange rate registered a net change of 8.60% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2022 high of 0.0106 was up 14.33% compared to the 2021 peak of 0.0092, 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 53 MAD

2021 Average 45 MAD

Yearly Trough Low 44 MAD

Transaction Impact: A difference of 8.51 MAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2022.

0.0105

0.0089

JanuMarcMayJulySeptNove

RWF to MAD 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 0.0095, compared to 0.0101 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0006 points.

H1 Avg (Jan–Jun) 0.0095

H2 Avg (Jul–Dec) 0.0101

Volatility Range Comparison

Volatility

The most volatile month in 2022 was November, with a trading range of 0.0006 MAD (High: 0.0104 / Low: 0.0099). On the other end, December was the most stable month, with a tight range of 0.0002 MAD (High: 0.0099 / Low: 0.0097).

November Spread (Volatile) ±0.0006

December Spread (Stable) ±0.0002

Growth Streaks & Declines

Trends

Between January and May, 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 0.0003 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0003

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2022: 0.0104) against the same month in 2021 (average: 0.0090), the exchange rate shifted by +0.0014 (+15.78%).

2022 Avg (October) 0.0104

2021 Avg (October) 0.0090

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0093	0.0089	0.0090
February	0.0094	0.0090	0.0092
March	0.0097	0.0094	0.0095
April	0.0098	0.0095	0.0096
May	0.0099	0.0096	0.0098
June	0.0099	0.0095	0.0097
July	0.0103	0.0098	0.0100
August	0.0102	0.0099	0.0101
September	0.0105	0.0101	0.0103
October	0.0106	0.0102	0.0104
November	0.0104	0.0099	0.0102
December	0.0099	0.0097	0.0098