2020 RWF to ZAR Historical Review

YEARLY HIGH

0.0204 ZAR

YEARLY LOW

0.0147 ZAR

YEARLY AVERAGE

0.0172 ZAR

2020 RWF to ZAR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2020

During 2020, the RWF to ZAR exchange rate experienced significant fluctuation. The market reached its absolute peak on April 23, valuing the pair at 0.0204. Conversely, the yearly low was recorded on January 1, dropping to 0.0147.

This high-to-low spread represents a total annual volatility of 0.0057 ZAR. From a start-to-finish perspective, comparing the January average rate of 0.0153 to the December average rate of 0.0151, the exchange rate registered a net change of -1.39% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2020 high of 0.0204 was up 19.93% compared to the 2019 peak of 0.0170, 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 102 ZAR

2019 Average 79 ZAR

Yearly Trough Low 74 ZAR

Transaction Impact: A difference of 28.38 ZAR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2020.

0.0202

0.0146

JanuMarcMayJulySeptNove

RWF to ZAR 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 0.0177, compared to 0.0168 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0009 points.

H1 Avg (Jan–Jun) 0.0177

H2 Avg (Jul–Dec) 0.0168

Volatility Range Comparison

Volatility

The most volatile month in 2020 was March, with a trading range of 0.0029 ZAR (High: 0.0190 / Low: 0.0162). On the other end, December was the most stable month, with a tight range of 0.0008 ZAR (High: 0.0155 / Low: 0.0147).

March Spread (Volatile) ±0.0029

December Spread (Stable) ±0.0008

Growth Streaks & Declines

Trends

Between January and April, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between May and June, when the average rate fell by 0.0013 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0013

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2020: 0.0197) against the same month in 2019 (average: 0.0157), the exchange rate shifted by +0.0041 (+26.11%).

2020 Avg (April) 0.0197

2019 Avg (April) 0.0157

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0160	0.0147	0.0153
February	0.0168	0.0157	0.0160
March	0.0190	0.0162	0.0177
April	0.0204	0.0190	0.0197
May	0.0202	0.0184	0.0193
June	0.0184	0.0173	0.0180
July	0.0180	0.0172	0.0176
August	0.0186	0.0171	0.0179
September	0.0179	0.0168	0.0174
October	0.0174	0.0166	0.0169
November	0.0166	0.0153	0.0158
December	0.0155	0.0147	0.0151