2024 MDL to RWF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 MDL to RWF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the MDL to RWF exchange rate experienced significant fluctuation. The market reached its absolute peak on September 16, valuing the pair at 78.1648. Conversely, the yearly low was recorded on February 17, dropping to 71.1780.
This high-to-low spread represents a total annual volatility of 6.9867 RWF. From a start-to-finish perspective, comparing the January average rate of 72.1101 to the December average rate of 75.5223, the exchange rate registered a net change of 4.73% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2024 high of 78.1648 was up 7.11% compared to the 2023 peak of 72.9784, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 MDL based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
MDL 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 72.7664, compared to 75.8516 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 3.0852 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was August, with a trading range of 3.2010 RWF (High: 77.2327 / Low: 74.0317). On the other end, May was the most stable month, with a tight range of 1.2321 RWF (High: 74.1553 / Low: 72.9232).
Growth Streaks & Declines
TrendsBetween 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 September and October, when the average rate fell by 0.7464 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (September 2024: 77.2783) against the same month in 2023 (average: 66.9489), the exchange rate shifted by +10.3293 (+15.43%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 72.9137 | 71.4483 | 72.1101 |
| February | 72.4901 | 71.1780 | 71.6577 |
| March | 73.4000 | 71.9925 | 72.7180 |
| April | 73.3460 | 71.8388 | 72.7642 |
| May | 74.1553 | 72.9232 | 73.5105 |
| June | 74.6926 | 72.9725 | 73.8377 |
| July | 75.0390 | 73.2080 | 74.1763 |
| August | 77.2327 | 74.0317 | 75.7183 |
| September | 78.1648 | 76.5850 | 77.2783 |
| October | 77.9527 | 75.3422 | 76.5318 |
| November | 76.8081 | 74.9216 | 75.8823 |
| December | 76.3790 | 73.9114 | 75.5223 |