2024 RWF to CNY Historical Review

YEARLY HIGH

0.0057 CNY

YEARLY LOW

0.0052 CNY

YEARLY AVERAGE

0.0055 CNY

2024 RWF to CNY Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the RWF to CNY exchange rate experienced significant fluctuation. The market reached its absolute peak on January 10, valuing the pair at 0.0057. Conversely, the yearly low was recorded on October 8, dropping to 0.0052.

This high-to-low spread represents a total annual volatility of 0.0005 CNY. From a start-to-finish perspective, comparing the January average rate of 0.0056 to the December average rate of 0.0053, the exchange rate registered a net change of -5.94% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.0057 was down 12.29% compared to the 2023 peak of 0.0065, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 28 CNY

2023 Average 31 CNY

Yearly Trough Low 26 CNY

Transaction Impact: A difference of 2.50 CNY purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.0056

0.0052

JanuMarcMayJulySeptNove

RWF to CNY 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 0.0056, compared to 0.0053 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0002 points.

H1 Avg (Jan–Jun) 0.0056

H2 Avg (Jul–Dec) 0.0053

Volatility Range Comparison

Volatility

The most volatile month in 2024 was May, with a trading range of 0.0002 CNY (High: 0.0056 / Low: 0.0054). On the other end, March was the most stable month, with a tight range of 0.0001 CNY (High: 0.0057 / Low: 0.0056).

May Spread (Volatile) ±0.0002

March Spread (Stable) ±0.0001

Growth Streaks & Declines

Trends

Between October and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between August and September, when the average rate fell by 0.0001 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0001

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2024: 0.0056) against the same month in 2023 (average: 0.0063), the exchange rate shifted by -0.0007 (-11.45%).

2024 Avg (January) 0.0056

2023 Avg (January) 0.0063

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0057	0.0055	0.0056
February	0.0057	0.0056	0.0056
March	0.0057	0.0056	0.0056
April	0.0056	0.0055	0.0056
May	0.0056	0.0054	0.0055
June	0.0056	0.0054	0.0055
July	0.0056	0.0055	0.0055
August	0.0055	0.0053	0.0054
September	0.0053	0.0052	0.0053
October	0.0053	0.0052	0.0052
November	0.0053	0.0052	0.0053
December	0.0054	0.0052	0.0053