2020 RWF to STD Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2020.
2020 RWF to STD Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2020
During 2020, the RWF to STD exchange rate experienced significant fluctuation. The market reached its absolute peak on February 14, valuing the pair at 23.7127. Conversely, the yearly low was recorded on December 31, dropping to 20.5791.
This high-to-low spread represents a total annual volatility of 3.1336 STD. From a start-to-finish perspective, comparing the January average rate of 22.8522 to the December average rate of 20.9335, the exchange rate registered a net change of -8.40% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2020 high of 23.7127 was down 1.43% compared to the 2019 peak of 24.0578, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 RWF based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2020.
RWF to STD Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 23.2665, compared to 21.7302 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 1.5363 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2020 was February, with a trading range of 1.0116 STD (High: 23.7127 / Low: 22.7010). On the other end, January was the most stable month, with a tight range of 0.4343 STD (High: 23.0597 / Low: 22.6253).
Growth Streaks & Declines
TrendsBetween January and March, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between July and August, when the average rate fell by 0.9089 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (February 2020: 23.3058) against the same month in 2019 (average: 23.5959), the exchange rate shifted by -0.2900 (-1.23%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 23.0597 | 22.6253 | 22.8522 |
| February | 23.7127 | 22.7010 | 23.3058 |
| March | 23.6104 | 23.0296 | 23.3978 |
| April | 23.5844 | 23.1426 | 23.3774 |
| May | 23.6193 | 23.1192 | 23.4559 |
| June | 23.5833 | 23.0476 | 23.2099 |
| July | 23.1200 | 22.3592 | 22.8513 |
| August | 22.4471 | 21.6897 | 21.9424 |
| September | 22.0540 | 21.6007 | 21.7808 |
| October | 22.0229 | 21.3117 | 21.5721 |
| November | 21.5805 | 21.1355 | 21.3012 |
| December | 21.2728 | 20.5791 | 20.9335 |