2022 RWF to NGN Historical Review

YEARLY HIGH

0.4202 NGN

YEARLY LOW

0.3971 NGN

YEARLY AVERAGE

0.4089 NGN

2022 RWF to NGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2022

During 2022, the RWF to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on November 25, valuing the pair at 0.4202. Conversely, the yearly low was recorded on January 13, dropping to 0.3971.

This high-to-low spread represents a total annual volatility of 0.0231 NGN. From a start-to-finish perspective, comparing the January average rate of 0.4028 to the December average rate of 0.4160, the exchange rate registered a net change of 3.26% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2022 high of 0.4202 was up 0.31% compared to the 2021 peak of 0.4189, 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 2,101 NGN

2021 Average 2,014 NGN

Yearly Trough Low 1,985 NGN

Transaction Impact: A difference of 115.34 NGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2022.

0.4173

0.4015

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 0.4058, compared to 0.4119 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0060 points.

H1 Avg (Jan–Jun) 0.4058

H2 Avg (Jul–Dec) 0.4119

Volatility Range Comparison

Volatility

The most volatile month in 2022 was September, with a trading range of 0.0133 NGN (High: 0.4196 / Low: 0.4063). On the other end, May was the most stable month, with a tight range of 0.0041 NGN (High: 0.4075 / Low: 0.4034).

September Spread (Volatile) ±0.0133

May Spread (Stable) ±0.0041

Growth Streaks & Declines

Trends

Between June and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 6 straight months. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 0.0010 points.

Longest Streak 6 Mo.

Sharpest MoM Drop -0.0010

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2022: 0.4158) against the same month in 2021 (average: 0.4045), the exchange rate shifted by +0.0113 (+2.80%).

2022 Avg (November) 0.4158

2021 Avg (November) 0.4045

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.4088	0.3971	0.4028
February	0.4130	0.4000	0.4056
March	0.4105	0.4044	0.4080
April	0.4095	0.4042	0.4070
May	0.4075	0.4034	0.4060
June	0.4110	0.4011	0.4056
July	0.4128	0.4013	0.4073
August	0.4132	0.4027	0.4075
September	0.4196	0.4063	0.4113
October	0.4183	0.4061	0.4133
November	0.4202	0.4096	0.4158
December	0.4194	0.4088	0.4160