2024 RWF to MMK Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 RWF to MMK Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the RWF to MMK exchange rate experienced significant fluctuation. The market reached its absolute peak on July 20, valuing the pair at 2.4798. Conversely, the yearly low was recorded on December 24, dropping to 1.5048.
This high-to-low spread represents a total annual volatility of 0.9750 MMK. From a start-to-finish perspective, comparing the January average rate of 1.6524 to the December average rate of 1.5167, the exchange rate registered a net change of -8.22% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2024 high of 2.4798 was up 26.19% compared to the 2023 peak of 1.9652, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 RWF based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
RWF to MMK Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 1.6420, compared to 1.5800 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0620 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was July, with a trading range of 0.8930 MMK (High: 2.4798 / Low: 1.5868). On the other end, April was the most stable month, with a tight range of 0.0141 MMK (High: 1.6330 / Low: 1.6189).
Growth Streaks & Declines
TrendsBetween May and July, 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 July and August, when the average rate fell by 0.1488 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (July 2024: 1.7336) against the same month in 2023 (average: 1.7956), the exchange rate shifted by -0.0620 (-3.45%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 1.6681 | 1.6329 | 1.6524 |
| February | 1.6525 | 1.6272 | 1.6466 |
| March | 1.6501 | 1.6286 | 1.6351 |
| April | 1.6330 | 1.6189 | 1.6276 |
| May | 1.6257 | 1.5969 | 1.6174 |
| June | 1.9016 | 1.5924 | 1.6730 |
| July | 2.4798 | 1.5868 | 1.7336 |
| August | 1.6074 | 1.5675 | 1.5849 |
| September | 1.5756 | 1.5434 | 1.5623 |
| October | 1.5733 | 1.5366 | 1.5505 |
| November | 1.5450 | 1.5219 | 1.5323 |
| December | 1.5511 | 1.5048 | 1.5167 |