2024 CNY to RWF Historical Review

YEARLY HIGH

193.4257 RWF

YEARLY LOW

176.3387 RWF

YEARLY AVERAGE

183.5895 RWF

2024 CNY to RWF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the CNY to RWF exchange rate experienced significant fluctuation. The market reached its absolute peak on October 8, valuing the pair at 193.4257. Conversely, the yearly low was recorded on January 10, dropping to 176.3387.

This high-to-low spread represents a total annual volatility of 17.0869 RWF. From a start-to-finish perspective, comparing the January average rate of 178.7001 to the December average rate of 189.9847, the exchange rate registered a net change of 6.31% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 193.4257 was up 8.53% compared to the 2023 peak of 178.2199, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 25,000 CNY based on timing:

Yearly Peak High 4,835,642 RWF

2023 Average 4,092,087 RWF

Yearly Trough Low 4,408,468 RWF

Transaction Impact: A difference of 427,173.40 RWF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

192.1375

176.9440

JanuMarcMayJulySeptNove

CNY 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 179.3555, compared to 187.8235 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 8.4680 points.

H1 Avg (Jan–Jun) 179.3555

H2 Avg (Jul–Dec) 187.8235

Volatility Range Comparison

Volatility

The most volatile month in 2024 was May, with a trading range of 6.7983 RWF (High: 184.7876 / Low: 177.9893). On the other end, March was the most stable month, with a tight range of 3.1962 RWF (High: 180.0978 / Low: 176.9016).

May Spread (Volatile) ±6.7983

March Spread (Stable) ±3.1962

Growth Streaks & Declines

Trends

Between February and June, 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 October and November, when the average rate fell by 0.8523 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.8523

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2024: 190.8714) against the same month in 2023 (average: 167.9909), the exchange rate shifted by +22.8805 (+13.62%).

2024 Avg (October) 190.8714

2023 Avg (October) 167.9909

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	180.5844	176.3387	178.7001
February	180.1569	176.8114	178.2101
March	180.0978	176.9016	178.3664
April	181.5041	177.5858	178.4238
May	184.7876	177.9893	181.1258
June	185.3233	179.3176	181.3067
July	183.4803	179.5034	180.9692
August	187.7558	181.4744	185.2553
September	192.8380	187.3653	189.8412
October	193.4257	189.4292	190.8714
November	192.1669	188.3832	190.0191
December	192.0054	185.6307	189.9847