2016 TOP to RWF Historical Review

YEARLY HIGH

373.6620 RWF

YEARLY LOW

319.3513 RWF

YEARLY AVERAGE

346.4070 RWF

2016 TOP to RWF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2016

During 2016, the TOP to RWF exchange rate experienced significant fluctuation. The market reached its absolute peak on November 9, valuing the pair at 373.6620. Conversely, the yearly low was recorded on February 7, dropping to 319.3513.

This high-to-low spread represents a total annual volatility of 54.3107 RWF. From a start-to-finish perspective, comparing the January average rate of 332.0345 to the December average rate of 362.3350, the exchange rate registered a net change of 9.13% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2016 high of 373.6620 was up 5.43% compared to the 2015 peak of 354.4067, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 TOP based on timing:

Yearly Peak High 1,868,310 RWF

2015 Average 1,681,604 RWF

Yearly Trough Low 1,596,756 RWF

Transaction Impact: A difference of 271,553.40 RWF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2016.

367.9634

327.9758

JanuMarcMayJulySeptNove

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)

Seasonal

The average exchange rate in the first half of the year (H1: Jan–Jun) was 336.5292, compared to 356.2848 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 19.7556 points.

H1 Avg (Jan–Jun) 336.5292

H2 Avg (Jul–Dec) 356.2848

Volatility Range Comparison

Volatility

The most volatile month in 2016 was June, with a trading range of 29.9236 RWF (High: 356.7682 / Low: 326.8445). On the other end, September was the most stable month, with a tight range of 5.6238 RWF (High: 359.3967 / Low: 353.7729).

June Spread (Volatile) ±29.9236

September Spread (Stable) ±5.6238

Growth Streaks & Declines

Trends

Between May and November, 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 April and May, when the average rate fell by 3.7267 points.

Longest Streak 6 Mo.

Sharpest MoM Drop -3.7267

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2016: 364.6311) against the same month in 2015 (average: 334.8257), the exchange rate shifted by +29.8054 (+8.90%).

2016 Avg (November) 364.6311

2015 Avg (November) 334.8257

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	335.7940	325.2025	332.0345
February	336.6826	319.3513	331.3081
March	343.7051	331.9413	336.3723
April	352.6045	335.6895	341.7072
May	343.2961	327.5780	337.9805
June	356.7682	326.8445	339.7724
July	350.1106	333.0931	340.6106
August	360.7186	346.1692	351.1393
September	359.3967	353.7729	356.2007
October	369.5166	355.0595	362.7920
November	373.6620	355.6954	364.6311
December	368.7280	352.7663	362.3350