2024 RWF to IRR Historical Review

YEARLY HIGH

33.3648 IRR

YEARLY LOW

30.1907 IRR

YEARLY AVERAGE

31.9678 IRR

2024 RWF to IRR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the RWF to IRR exchange rate experienced significant fluctuation. The market reached its absolute peak on January 7, valuing the pair at 33.3648. Conversely, the yearly low was recorded on December 9, dropping to 30.1907.

This high-to-low spread represents a total annual volatility of 3.1741 IRR. From a start-to-finish perspective, comparing the January average rate of 33.0932 to the December average rate of 30.4950, the exchange rate registered a net change of -7.85% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 33.3648 was down 14.83% compared to the 2023 peak of 39.1753, 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 166,824 IRR

2023 Average 182,696 IRR

Yearly Trough Low 150,953 IRR

Transaction Impact: A difference of 15,870.47 IRR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

33.3530

30.2352

JanuMarcMayJulySeptNove

RWF to IRR 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 32.6739, compared to 31.2616 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 1.4122 points.

H1 Avg (Jan–Jun) 32.6739

H2 Avg (Jul–Dec) 31.2616

Volatility Range Comparison

Volatility

The most volatile month in 2024 was December, with a trading range of 1.0459 IRR (High: 31.2366 / Low: 30.1907). On the other end, April was the most stable month, with a tight range of 0.3426 IRR (High: 32.7669 / Low: 32.4244).

December Spread (Volatile) ±1.0459

April Spread (Stable) ±0.3426

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2024. Conversely, the sharpest month-over-month decline occurred between August and September, when the average rate fell by 0.4485 points.

Longest Streak 0 Mo.

Sharpest MoM Drop -0.4485

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2024: 33.0932) against the same month in 2023 (average: 39.0199), the exchange rate shifted by -5.9267 (-15.19%).

2024 Avg (January) 33.0932

2023 Avg (January) 39.0199

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	33.3648	32.7073	33.0932
February	33.0910	32.5732	32.9581
March	33.0244	32.5860	32.7515
April	32.7669	32.4244	32.6223
May	32.6531	32.0195	32.4285
June	32.5425	31.8362	32.1897
July	32.2674	31.8361	32.0620
August	32.2597	31.4484	31.8019
September	31.6203	30.9648	31.3533
October	31.5617	30.8345	31.1145
November	31.0060	30.5209	30.7431
December	31.2366	30.1907	30.4950