2024 RWF to GHS Historical Review

YEARLY HIGH

0.0120 GHS

YEARLY LOW

0.0093 GHS

YEARLY AVERAGE

0.0110 GHS

2024 RWF to GHS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the RWF to GHS exchange rate experienced significant fluctuation. The market reached its absolute peak on November 6, valuing the pair at 0.0120. Conversely, the yearly low was recorded on January 14, dropping to 0.0093.

This high-to-low spread represents a total annual volatility of 0.0027 GHS. From a start-to-finish perspective, comparing the January average rate of 0.0095 to the December average rate of 0.0107, the exchange rate registered a net change of 12.73% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.0120 was up 1.64% compared to the 2023 peak of 0.0119, 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 60 GHS

2023 Average 51 GHS

Yearly Trough Low 47 GHS

Transaction Impact: A difference of 13.58 GHS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.0121

0.0092

JanuMarcMayJulySeptNove

RWF to GHS 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 0.0104, compared to 0.0116 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0012 points.

H1 Avg (Jan–Jun) 0.0104

H2 Avg (Jul–Dec) 0.0116

Volatility Range Comparison

Volatility

The most volatile month in 2024 was November, with a trading range of 0.0009 GHS (High: 0.0120 / Low: 0.0111). On the other end, July was the most stable month, with a tight range of 0.0002 GHS (High: 0.0118 / Low: 0.0117).

November Spread (Volatile) ±0.0009

July Spread (Stable) ±0.0002

Growth Streaks & Declines

Trends

Between January and August, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 7 straight months. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 0.0010 points.

Longest Streak 7 Mo.

Sharpest MoM Drop -0.0010

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2024: 0.0117) against the same month in 2023 (average: 0.0097), the exchange rate shifted by +0.0020 (+21.08%).

2024 Avg (November) 0.0117

2023 Avg (November) 0.0097

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0097	0.0093	0.0095
February	0.0099	0.0097	0.0098
March	0.0103	0.0099	0.0101
April	0.0106	0.0103	0.0104
May	0.0114	0.0106	0.0109
June	0.0117	0.0114	0.0115
July	0.0118	0.0117	0.0117
August	0.0119	0.0116	0.0118
September	0.0118	0.0115	0.0117
October	0.0120	0.0117	0.0118
November	0.0120	0.0111	0.0117
December	0.0112	0.0105	0.0107