2022 TOP to RWF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2022.
2022 TOP to RWF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2022
During 2022, the TOP to RWF exchange rate experienced significant fluctuation. The market reached its absolute peak on December 5, valuing the pair at 462.5284. Conversely, the yearly low was recorded on October 3, dropping to 426.7147.
This high-to-low spread represents a total annual volatility of 35.8138 RWF. From a start-to-finish perspective, comparing the January average rate of 451.3736 to the December average rate of 456.2870, the exchange rate registered a net change of 1.09% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2022 high of 462.5284 was up 1.09% compared to the 2021 peak of 457.5583, 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 2022.
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 447.6233, compared to 441.6990 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 5.9243 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2022 was November, with a trading range of 24.3548 RWF (High: 458.1192 / Low: 433.7643). On the other end, July was the most stable month, with a tight range of 9.3818 RWF (High: 442.2768 / Low: 432.8950).
Growth Streaks & Declines
TrendsBetween October and December, 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 April and May, when the average rate fell by 9.6848 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2022: 456.2870) against the same month in 2021 (average: 447.5693), the exchange rate shifted by +8.7177 (+1.95%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 457.7167 | 446.1506 | 451.3736 |
| February | 461.3246 | 441.5349 | 452.5945 |
| March | 455.0135 | 444.2939 | 450.4980 |
| April | 456.4761 | 442.4095 | 450.0572 |
| May | 444.8460 | 434.8604 | 440.3724 |
| June | 447.6721 | 434.1504 | 440.8441 |
| July | 442.2768 | 432.8950 | 437.3416 |
| August | 448.3357 | 438.0905 | 441.7830 |
| September | 443.9385 | 429.1048 | 436.9145 |
| October | 441.2909 | 426.7147 | 432.7753 |
| November | 458.1192 | 433.7643 | 445.0926 |
| December | 462.5284 | 451.8016 | 456.2870 |