2018 TOP to RWF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2018.
2018 TOP to RWF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2018
During 2018, the TOP to RWF exchange rate experienced significant fluctuation. The market reached its absolute peak on December 16, valuing the pair at 392.9619. Conversely, the yearly low was recorded on July 5, dropping to 369.7377.
This high-to-low spread represents a total annual volatility of 23.2241 RWF. From a start-to-finish perspective, comparing the January average rate of 379.8905 to the December average rate of 387.7277, the exchange rate registered a net change of 2.06% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2018 high of 392.9619 was up 1.47% compared to the 2017 peak of 387.2856, 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 2018.
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 383.5945, compared to 381.0055 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 2.5889 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2018 was May, with a trading range of 16.8831 RWF (High: 391.6475 / Low: 374.7644). On the other end, March was the most stable month, with a tight range of 6.4288 RWF (High: 390.1594 / Low: 383.7305).
Growth Streaks & Declines
TrendsBetween July and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between April and May, when the average rate fell by 5.5297 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2018: 387.7277) against the same month in 2017 (average: 374.8084), the exchange rate shifted by +12.9193 (+3.45%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 387.3567 | 374.8040 | 379.8905 |
| February | 391.6129 | 380.2899 | 385.4646 |
| March | 390.1594 | 383.7305 | 386.6726 |
| April | 391.8338 | 383.5494 | 387.9776 |
| May | 391.6475 | 374.7644 | 382.4479 |
| June | 384.1928 | 372.9337 | 379.1136 |
| July | 380.0014 | 369.7377 | 375.4818 |
| August | 381.2673 | 372.2077 | 377.6519 |
| September | 382.0739 | 374.3717 | 379.2530 |
| October | 384.0672 | 376.2699 | 380.2571 |
| November | 389.0650 | 380.6731 | 385.6616 |
| December | 392.9619 | 380.0080 | 387.7277 |