2024 MXN to RWF Historical Review

YEARLY HIGH

78.6870 RWF

YEARLY LOW

65.9925 RWF

YEARLY AVERAGE

72.1977 RWF

2024 MXN to RWF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the MXN to RWF exchange rate experienced significant fluctuation. The market reached its absolute peak on April 9, valuing the pair at 78.6870. Conversely, the yearly low was recorded on December 31, dropping to 65.9925.

This high-to-low spread represents a total annual volatility of 12.6945 RWF. From a start-to-finish perspective, comparing the January average rate of 74.4961 to the December average rate of 68.3088, the exchange rate registered a net change of -8.31% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 78.6870 was up 5.71% compared to the 2023 peak of 74.4348, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 50,000 MXN based on timing:

Yearly Peak High 3,934,352 RWF

2023 Average 3,275,277 RWF

Yearly Trough Low 3,299,626 RWF

Transaction Impact: A difference of 634,725.57 RWF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

78.2620

66.3886

JanuMarcMayJulySeptNove

MXN 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 75.2779, compared to 69.1176 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 6.1602 points.

H1 Avg (Jan–Jun) 75.2779

H2 Avg (Jul–Dec) 69.1176

Volatility Range Comparison

Volatility

The most volatile month in 2024 was June, with a trading range of 6.5507 RWF (High: 76.4784 / Low: 69.9277). On the other end, February was the most stable month, with a tight range of 1.2251 RWF (High: 75.4757 / Low: 74.2506).

June Spread (Volatile) ±6.5507

February Spread (Stable) ±1.2251

Growth Streaks & Declines

Trends

Between January and May, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between May and June, when the average rate fell by 5.3047 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -5.3047

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2024: 76.7360) against the same month in 2023 (average: 61.4155), the exchange rate shifted by +15.3205 (+24.95%).

2024 Avg (April) 76.7360

2023 Avg (April) 61.4155

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	75.9191	73.6356	74.4961
February	75.4757	74.2506	74.6370
March	77.8330	74.9299	76.5576
April	78.6870	75.1359	76.7360
May	78.6862	75.9082	77.2726
June	76.4784	69.9277	71.9678
July	74.2316	70.3209	72.5554
August	71.8433	66.8336	69.1380
September	70.9496	66.4902	68.5419
October	70.5366	67.4983	68.7837
November	69.0114	66.1482	67.3780
December	69.4104	65.9925	68.3088