2024 RON to RWF Historical Review

YEARLY HIGH

303.6511 RWF

YEARLY LOW

274.5923 RWF

YEARLY AVERAGE

286.5408 RWF

2024 RON to RWF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the RON to RWF exchange rate experienced significant fluctuation. The market reached its absolute peak on September 26, valuing the pair at 303.6511. Conversely, the yearly low was recorded on February 14, dropping to 274.5923.

This high-to-low spread represents a total annual volatility of 29.0588 RWF. From a start-to-finish perspective, comparing the January average rate of 278.6393 to the December average rate of 291.2110, the exchange rate registered a net change of 4.51% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 303.6511 was up 7.94% compared to the 2023 peak of 281.3030, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 1,518,256 RWF

2023 Average 1,266,421 RWF

Yearly Trough Low 1,372,962 RWF

Transaction Impact: A difference of 145,294.00 RWF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

302.2068

274.4484

JanuMarcMayJulySeptNove

RON 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 279.8271, compared to 293.2545 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 13.4275 points.

H1 Avg (Jan–Jun) 279.8271

H2 Avg (Jul–Dec) 293.2545

Volatility Range Comparison

Volatility

The most volatile month in 2024 was August, with a trading range of 15.2212 RWF (High: 300.2277 / Low: 285.0065). On the other end, June was the most stable month, with a tight range of 4.7059 RWF (High: 285.7237 / Low: 281.0178).

August Spread (Volatile) ±15.2212

June Spread (Stable) ±4.7059

Growth Streaks & Declines

Trends

Between April and September, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between October and November, when the average rate fell by 4.0569 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -4.0569

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2024: 299.8936) against the same month in 2023 (average: 258.6969), the exchange rate shifted by +41.1967 (+15.92%).

2024 Avg (September) 299.8936

2023 Avg (September) 258.6969

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	282.4301	275.3425	278.6393
February	281.6196	274.5923	276.7616
March	283.9256	277.9833	280.6493
April	281.7943	275.0029	277.9873
May	286.5211	278.2410	282.0510
June	285.7237	281.0178	282.8739
July	289.5735	281.4516	286.5870
August	300.2277	285.0065	293.1992
September	303.6511	295.5390	299.8936
October	301.0967	292.8823	296.3466
November	300.0000	285.7718	292.2897
December	295.9275	281.4180	291.2110