YEARLY HIGH
24.2731 RWF
YEARLY LOW
22.0460 RWF
YEARLY AVERAGE
23.0012 RWF

2024 PHP to RWF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the PHP to RWF exchange rate experienced significant fluctuation. The market reached its absolute peak on September 14, valuing the pair at 24.2731. Conversely, the yearly low was recorded on June 4, dropping to 22.0460.

This high-to-low spread represents a total annual volatility of 2.2271 RWF. From a start-to-finish perspective, comparing the January average rate of 22.7062 to the December average rate of 23.6789, the exchange rate registered a net change of 4.28% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 24.2731 was up 6.46% compared to the 2023 peak of 22.7999, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 250,000 PHP based on timing:

Yearly Peak High 6,068,264 RWF
2023 Average 5,206,054 RWF
Yearly Trough Low 5,511,499 RWF
Transaction Impact: A difference of 556,765.47 RWF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

24.1349
22.1189
JanuMarcMayJulySeptNove

PHP 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: JanтАУJun) was 22.6333, compared to 23.3691 in the second half (H2: JulтАУDec). This shows that the rate was stronger in the second half (JulтАУDec) by a margin of 0.7358 points.

H1 Avg (JanтАУJun) 22.6333
H2 Avg (JulтАУDec) 23.3691

Volatility Range Comparison

Volatility

The most volatile month in 2024 was December, with a trading range of 1.2903 RWF (High: 24.0476 / Low: 22.7573). On the other end, July was the most stable month, with a tight range of 0.4342 RWF (High: 22.6315 / Low: 22.1973).

December Spread (Volatile) ┬▒1.2903
July Spread (Stable) ┬▒0.4342

Growth Streaks & Declines

Trends

Between June and September, 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 September and October, when the average rate fell by 0.4215 points.

Longest Streak 3 Mo.
Sharpest MoM Drop -0.4215

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2024: 23.9669) against the same month in 2023 (average: 21.1891), the exchange rate shifted by +2.7778 (+13.11%).

2024 Avg (September) 23.9669
2023 Avg (September) 21.1891

рдорд╛рд╕рд┐рдХ рд╡рд┐рд╢реНрд▓реЗрд╖рдг

рдкреНрд░рддреНрдпреЗрдХ рдХреЕрд▓реЗрдВрдбрд░ рдорд╣рд┐рдиреНрдпрд╛рд╕рд╛рдареА рд╕рд╛рдВрдЦреНрдпрд┐рдХреАрдп рд╕рд╛рд░рд╛рдВрд╢.

Month High Low Average
January 22.9967 22.5162 22.7062
February 23.0220 22.5768 22.7691
March 23.2548 22.6775 22.9608
April 22.9008 22.3478 22.6115
May 22.7028 22.1938 22.4654
June 22.5386 22.0460 22.2869
July 22.6315 22.1973 22.4577
August 23.7571 22.5262 23.2383
September 24.2731 23.5851 23.9669
October 24.0630 23.1664 23.5454
November 23.5244 23.0672 23.3274
December 24.0476 22.7573 23.6789