2020 RWF to NGN Historical Review

YEARLY HIGH

0.4177 NGN

YEARLY LOW

0.3812 NGN

YEARLY AVERAGE

0.3973 NGN

2020 RWF to NGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2020

During 2020, the RWF to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on May 6, valuing the pair at 0.4177. Conversely, the yearly low was recorded on January 19, dropping to 0.3812.

This high-to-low spread represents a total annual volatility of 0.0366 NGN. From a start-to-finish perspective, comparing the January average rate of 0.3840 to the December average rate of 0.3887, the exchange rate registered a net change of 1.23% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2020 high of 0.4177 was up 0.28% compared to the 2019 peak of 0.4166, 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 2,089 NGN

2019 Average 1,976 NGN

Yearly Trough Low 1,906 NGN

Transaction Impact: A difference of 182.88 NGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2020.

0.4169

0.3810

JanuMarcMayJulySeptNove

RWF to NGN 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 0.3989, compared to 0.3958 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0030 points.

H1 Avg (Jan–Jun) 0.3989

H2 Avg (Jul–Dec) 0.3958

Volatility Range Comparison

Volatility

The most volatile month in 2020 was March, with a trading range of 0.0306 NGN (High: 0.4132 / Low: 0.3826). On the other end, July was the most stable month, with a tight range of 0.0050 NGN (High: 0.4092 / Low: 0.4042).

March Spread (Volatile) ±0.0306

July Spread (Stable) ±0.0050

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 July and August, when the average rate fell by 0.0061 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0061

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2020: 0.4139) against the same month in 2019 (average: 0.3975), the exchange rate shifted by +0.0164 (+4.13%).

2020 Avg (May) 0.4139

2019 Avg (May) 0.3975

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.3877	0.3812	0.3840
February	0.3909	0.3814	0.3867
March	0.4132	0.3826	0.3925
April	0.4160	0.3876	0.4080
May	0.4177	0.4090	0.4139
June	0.4144	0.4054	0.4081
July	0.4092	0.4042	0.4064
August	0.4075	0.3952	0.4003
September	0.4055	0.3933	0.3986
October	0.4010	0.3881	0.3926
November	0.3931	0.3849	0.3883
December	0.3984	0.3843	0.3887