2024 MVR to RWF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 MVR to RWF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the MVR to RWF exchange rate experienced significant fluctuation. The market reached its absolute peak on December 24, valuing the pair at 90.5306. Conversely, the yearly low was recorded on January 7, dropping to 81.8140.
This high-to-low spread represents a total annual volatility of 8.7165 RWF. From a start-to-finish perspective, comparing the January average rate of 82.5032 to the December average rate of 89.7806, the exchange rate registered a net change of 8.82% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2024 high of 90.5306 was up 10.25% compared to the 2023 peak of 82.1114, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 MVR based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
MVR 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 83.5230, compared to 87.5747 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 4.0517 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was May, with a trading range of 6.1970 RWF (High: 89.5192 / Low: 83.3222). On the other end, April was the most stable month, with a tight range of 0.8531 RWF (High: 83.9644 / Low: 83.1113).
Growth Streaks & Declines
TrendsBetween January and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 11 straight months. No significant month-over-month rate declines were detected.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2024: 89.7806) against the same month in 2023 (average: 81.5706), the exchange rate shifted by +8.2100 (+10.06%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 83.4834 | 81.8140 | 82.5032 |
| February | 83.7873 | 82.4763 | 82.8573 |
| March | 83.7371 | 82.5226 | 83.1698 |
| April | 83.9644 | 83.1113 | 83.4583 |
| May | 89.5192 | 83.3222 | 84.1654 |
| June | 85.8163 | 83.9829 | 84.9839 |
| July | 86.1345 | 84.4971 | 85.2991 |
| August | 87.1012 | 84.9732 | 86.0772 |
| September | 88.5581 | 86.6914 | 87.4583 |
| October | 88.9191 | 86.8164 | 88.1301 |
| November | 89.2274 | 88.1307 | 88.7032 |
| December | 90.5306 | 87.8298 | 89.7806 |