2014 TOP to RWF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2014.
2014 TOP to RWF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2014
During 2014, the TOP to RWF exchange rate experienced significant fluctuation. The market reached its absolute peak on August 17, valuing the pair at 378.5114. Conversely, the yearly low was recorded on November 7, dropping to 342.7230.
This high-to-low spread represents a total annual volatility of 35.7885 RWF. From a start-to-finish perspective, comparing the January average rate of 364.6319 to the December average rate of 352.1878, the exchange rate registered a net change of -3.41% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2014 high of 378.5114 was up 0.05% compared to the 2013 peak of 378.3231, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 TOP based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2014.
TOP to RWF 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 366.6578, compared to 359.3944 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 7.2633 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2014 was September, with a trading range of 20.5868 RWF (High: 373.3456 / Low: 352.7588). On the other end, June was the most stable month, with a tight range of 6.2766 RWF (High: 368.9874 / Low: 362.7108).
Growth Streaks & Declines
TrendsBetween February and April, 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 September and October, when the average rate fell by 10.2276 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (August 2014: 371.7808) against the same month in 2013 (average: 350.1049), the exchange rate shifted by +21.6759 (+6.19%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 368.4898 | 360.3438 | 364.6319 |
| February | 366.3885 | 358.7265 | 363.2003 |
| March | 372.2757 | 363.7862 | 366.4924 |
| April | 376.9855 | 365.9814 | 371.7595 |
| May | 374.9103 | 364.7549 | 367.6000 |
| June | 368.9874 | 362.7108 | 366.2625 |
| July | 378.2414 | 368.4456 | 371.1141 |
| August | 378.5114 | 366.0070 | 371.7808 |
| September | 373.3456 | 352.7588 | 362.3805 |
| October | 355.1644 | 347.2171 | 352.1529 |
| November | 352.1960 | 342.7230 | 346.7504 |
| December | 354.8866 | 348.4174 | 352.1878 |