2020 TOP to RWF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2020.
2020 TOP to RWF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2020
During 2020, the TOP to RWF exchange rate experienced significant fluctuation. The market reached its absolute peak on December 31, valuing the pair at 435.6973. Conversely, the yearly low was recorded on March 21, dropping to 390.9578.
This high-to-low spread represents a total annual volatility of 44.7395 RWF. From a start-to-finish perspective, comparing the January average rate of 410.8189 to the December average rate of 432.4363, the exchange rate registered a net change of 5.26% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2020 high of 435.6973 was up 5.49% compared to the 2019 peak of 413.0324, 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 2020.
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 408.1372, compared to 423.7019 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 15.5647 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2020 was March, with a trading range of 21.5513 RWF (High: 412.5091 / Low: 390.9578). On the other end, December was the most stable month, with a tight range of 6.1172 RWF (High: 435.6973 / Low: 429.5801).
Growth Streaks & Declines
TrendsBetween March and August, 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 January and February, when the average rate fell by 4.3976 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2020: 432.4363) against the same month in 2019 (average: 406.3587), the exchange rate shifted by +26.0776 (+6.42%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 416.9964 | 404.7015 | 410.8189 |
| February | 410.7016 | 402.3038 | 406.4213 |
| March | 412.5091 | 390.9578 | 402.2936 |
| April | 410.2191 | 397.6333 | 403.9060 |
| May | 413.9403 | 403.1048 | 407.3040 |
| June | 423.4820 | 413.6815 | 418.0794 |
| July | 421.1652 | 414.8151 | 418.3710 |
| August | 426.3324 | 418.2258 | 421.9295 |
| September | 427.2695 | 413.2714 | 421.3602 |
| October | 423.6247 | 413.6869 | 420.5829 |
| November | 432.3705 | 419.4684 | 427.5315 |
| December | 435.6973 | 429.5801 | 432.4363 |