2024 MGA to RWF Historical Review

YEARLY HIGH

0.2991 RWF

YEARLY LOW

0.2732 RWF

YEARLY AVERAGE

0.2905 RWF

2024 MGA to RWF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the MGA to RWF exchange rate experienced significant fluctuation. The market reached its absolute peak on September 14, valuing the pair at 0.2991. Conversely, the yearly low was recorded on January 1, dropping to 0.2732.

This high-to-low spread represents a total annual volatility of 0.0259 RWF. From a start-to-finish perspective, comparing the January average rate of 0.2784 to the December average rate of 0.2944, the exchange rate registered a net change of 5.72% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.2991 was up 8.03% compared to the 2023 peak of 0.2769, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 1,496 RWF

2023 Average 1,301 RWF

Yearly Trough Low 1,366 RWF

Transaction Impact: A difference of 129.55 RWF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.2974

0.2767

JanuMarcMayJulySeptNove

MGA 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 0.2876, compared to 0.2934 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0058 points.

H1 Avg (Jan–Jun) 0.2876

H2 Avg (Jul–Dec) 0.2934

Volatility Range Comparison

Volatility

The most volatile month in 2024 was March, with a trading range of 0.0133 RWF (High: 0.2951 / Low: 0.2818). On the other end, November was the most stable month, with a tight range of 0.0042 RWF (High: 0.2966 / Low: 0.2924).

March Spread (Volatile) ±0.0133

November Spread (Stable) ±0.0042

Growth Streaks & Declines

Trends

Between January and April, 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 July and August, when the average rate fell by 0.0015 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0015

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2024: 0.2956) against the same month in 2023 (average: 0.2668), the exchange rate shifted by +0.0288 (+10.79%).

2024 Avg (September) 0.2956

2023 Avg (September) 0.2668

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.2823	0.2732	0.2784
February	0.2840	0.2794	0.2810
March	0.2951	0.2818	0.2874
April	0.2966	0.2905	0.2934
May	0.2968	0.2901	0.2928
June	0.2959	0.2900	0.2925
July	0.2944	0.2882	0.2915
August	0.2974	0.2864	0.2900
September	0.2991	0.2917	0.2956
October	0.2986	0.2924	0.2948
November	0.2966	0.2924	0.2944
December	0.2975	0.2902	0.2944