2024 MAD to RWF Historical Review

YEARLY HIGH

140.2967 RWF

YEARLY LOW

125.8834 RWF

YEARLY AVERAGE

132.6168 RWF

2024 MAD to RWF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the MAD to RWF exchange rate experienced significant fluctuation. The market reached its absolute peak on September 25, valuing the pair at 140.2967. Conversely, the yearly low was recorded on February 28, dropping to 125.8834.

This high-to-low spread represents a total annual volatility of 14.4133 RWF. From a start-to-finish perspective, comparing the January average rate of 127.6841 to the December average rate of 138.1122, the exchange rate registered a net change of 8.17% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 140.2967 was up 9.63% compared to the 2023 peak of 127.9750, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 701,484 RWF

2023 Average 572,528 RWF

Yearly Trough Low 629,417 RWF

Transaction Impact: A difference of 72,066.58 RWF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

139.2409

125.6962

JanuMarcMayJulySeptNove

MAD 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 128.5550, compared to 136.6787 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 8.1237 points.

H1 Avg (Jan–Jun) 128.5550

H2 Avg (Jul–Dec) 136.6787

Volatility Range Comparison

Volatility

The most volatile month in 2024 was August, with a trading range of 6.4228 RWF (High: 138.7016 / Low: 132.2788). On the other end, March was the most stable month, with a tight range of 2.2342 RWF (High: 128.7411 / Low: 126.5069).

August Spread (Volatile) ±6.4228

March Spread (Stable) ±2.2342

Growth Streaks & Declines

Trends

Between February and September, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 7 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 0.8592 points.

Longest Streak 7 Mo.

Sharpest MoM Drop -0.8592

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2024: 138.0731) against the same month in 2023 (average: 117.6103), the exchange rate shifted by +20.4628 (+17.40%).

2024 Avg (September) 138.0731

2023 Avg (September) 117.6103

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	129.9858	126.7418	127.6841
February	128.4281	125.8834	126.8249
March	128.7411	126.5069	127.6739
April	129.1594	126.7448	127.7718
May	131.8354	127.7683	129.9338
June	132.9604	130.2456	131.4413
July	134.4078	131.0049	133.1994
August	138.7016	132.2788	135.7419
September	140.2967	136.1803	138.0731
October	139.2448	135.9839	137.3965
November	139.1284	135.7541	137.5490
December	139.7808	135.4425	138.1122