2019 TOP to RWF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2019.
2019 TOP to RWF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2019
During 2019, the TOP to RWF exchange rate experienced significant fluctuation. The market reached its absolute peak on December 30, valuing the pair at 413.0324. Conversely, the yearly low was recorded on January 3, dropping to 383.8889.
This high-to-low spread represents a total annual volatility of 29.1434 RWF. From a start-to-finish perspective, comparing the January average rate of 392.3022 to the December average rate of 406.3587, the exchange rate registered a net change of 3.58% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2019 high of 413.0324 was up 5.11% compared to the 2018 peak of 392.9619, 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 2019.
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 395.7434, compared to 400.0519 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 4.3085 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2019 was January, with a trading range of 16.2967 RWF (High: 400.1856 / Low: 383.8889). On the other end, May was the most stable month, with a tight range of 4.3166 RWF (High: 397.6715 / Low: 393.3549).
Growth Streaks & Declines
TrendsBetween August and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between July and August, when the average rate fell by 5.3241 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2019: 406.3587) against the same month in 2018 (average: 387.7277), the exchange rate shifted by +18.6309 (+4.81%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 400.1856 | 383.8889 | 392.3022 |
| February | 399.2422 | 390.9306 | 395.1884 |
| March | 400.3180 | 387.6703 | 396.2688 |
| April | 408.8845 | 394.1651 | 398.2127 |
| May | 397.6715 | 393.3549 | 395.5327 |
| June | 400.7325 | 392.6168 | 396.9559 |
| July | 403.4457 | 398.8699 | 401.2822 |
| August | 398.8053 | 389.4142 | 395.9581 |
| September | 402.0568 | 394.7274 | 397.6135 |
| October | 400.3898 | 395.0574 | 397.7401 |
| November | 406.3992 | 396.0740 | 401.3592 |
| December | 413.0324 | 397.6292 | 406.3587 |