2024 AFN to RWF Historical Review

YEARLY HIGH

20.7406 RWF

YEARLY LOW

17.0061 RWF

YEARLY AVERAGE

18.7110 RWF

2024 AFN to RWF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the AFN to RWF exchange rate experienced significant fluctuation. The market reached its absolute peak on October 17, valuing the pair at 20.7406. Conversely, the yearly low was recorded on February 3, dropping to 17.0061.

This high-to-low spread represents a total annual volatility of 3.7346 RWF. From a start-to-finish perspective, comparing the January average rate of 17.7668 to the December average rate of 19.9304, the exchange rate registered a net change of 12.18% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 20.7406 was up 14.26% compared to the 2023 peak of 18.1514, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 AFN based on timing:

Yearly Peak High 103,703 RWF

2023 Average 70,839 RWF

Yearly Trough Low 85,030 RWF

Transaction Impact: A difference of 18,672.90 RWF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

20.5110

17.1548

JanuMarcMayJulySeptNove

AFN to RWF Seasonal Trends & Volatility Analysis

A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.

Seasonal Halves (H1 vs H2)

Seasonal

The average exchange rate in the first half of the year (H1: Jan–Jun) was 17.9355, compared to 19.4866 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 1.5511 points.

H1 Avg (Jan–Jun) 17.9355

H2 Avg (Jul–Dec) 19.4866

Volatility Range Comparison

Volatility

The most volatile month in 2024 was December, with a trading range of 1.2541 RWF (High: 20.5361 / Low: 19.2820). On the other end, April was the most stable month, with a tight range of 0.2888 RWF (High: 18.0991 / Low: 17.8102).

December Spread (Volatile) ±1.2541

April Spread (Stable) ±0.2888

Growth Streaks & Declines

Trends

Between February and November, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 9 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 0.3323 points.

Longest Streak 9 Mo.

Sharpest MoM Drop -0.3323

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2024: 20.1758) against the same month in 2023 (average: 16.1831), the exchange rate shifted by +3.9927 (+24.67%).

2024 Avg (October) 20.1758

2023 Avg (October) 16.1831

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	18.1965	17.0597	17.7668
February	17.7409	17.0061	17.4345
March	18.0370	17.5214	17.7844
April	18.0991	17.8102	17.9663
May	18.4539	17.8541	18.1102
June	18.8818	18.0847	18.5507
July	18.7506	18.3929	18.5584
August	18.9742	18.5182	18.6986
September	19.7485	18.8380	19.3248
October	20.7406	19.5834	20.1758
November	20.4328	19.9356	20.2314
December	20.5361	19.2820	19.9304