2021 ZAR to RWF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2021.
2021 ZAR to RWF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2021
During 2021, the ZAR to RWF exchange rate experienced significant fluctuation. The market reached its absolute peak on June 6, valuing the pair at 74.6484. Conversely, the yearly low was recorded on November 27, dropping to 61.9088.
This high-to-low spread represents a total annual volatility of 12.7396 RWF. From a start-to-finish perspective, comparing the January average rate of 65.3708 to the December average rate of 64.4029, the exchange rate registered a net change of -1.48% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2021 high of 74.6484 was up 9.74% compared to the 2020 peak of 68.0217, indicating shifts in long-term support levels.
Comparing the value generated converting 50,000 ZAR based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2021.
ZAR 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 68.2605, compared to 67.3239 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.9366 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2021 was November, with a trading range of 5.9333 RWF (High: 67.8421 / Low: 61.9088). On the other end, February was the most stable month, with a tight range of 3.0689 RWF (High: 68.7645 / Low: 65.6957).
Growth Streaks & Declines
TrendsBetween March and June, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between June and July, when the average rate fell by 2.4765 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (June 2021: 71.6569) against the same month in 2020 (average: 55.4561), the exchange rate shifted by +16.2008 (+29.21%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 67.9598 | 63.7269 | 65.3708 |
| February | 68.7645 | 65.6957 | 67.0204 |
| March | 67.4342 | 63.6004 | 65.8788 |
| April | 70.5899 | 66.8458 | 68.7932 |
| May | 72.8148 | 68.7245 | 70.8427 |
| June | 74.6484 | 68.9770 | 71.6569 |
| July | 70.8581 | 66.6875 | 69.1804 |
| August | 70.3716 | 65.6604 | 68.1400 |
| September | 71.3926 | 66.4811 | 69.0953 |
| October | 70.1416 | 65.5861 | 67.7900 |
| November | 67.8421 | 61.9088 | 65.3345 |
| December | 66.6702 | 62.2169 | 64.4029 |