2024 RWF to MNT Historical Review

YEARLY HIGH

2.7382 MNT

YEARLY LOW

2.4373 MNT

YEARLY AVERAGE

2.6032 MNT

2024 RWF to MNT Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the RWF to MNT exchange rate experienced significant fluctuation. The market reached its absolute peak on January 7, valuing the pair at 2.7382. Conversely, the yearly low was recorded on December 24, dropping to 2.4373.

This high-to-low spread represents a total annual volatility of 0.3009 MNT. From a start-to-finish perspective, comparing the January average rate of 2.7152 to the December average rate of 2.4564, the exchange rate registered a net change of -9.53% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 2.7382 was down 14.56% compared to the 2023 peak of 3.2048, 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 13,691 MNT

2023 Average 14,981 MNT

Yearly Trough Low 12,186 MNT

Transaction Impact: A difference of 1,504.72 MNT purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

2.7411

2.4306

JanuMarcMayJulySeptNove

RWF to MNT 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 2.6796, compared to 2.5268 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.1528 points.

H1 Avg (Jan–Jun) 2.6796

H2 Avg (Jul–Dec) 2.5268

Volatility Range Comparison

Volatility

The most volatile month in 2024 was December, with a trading range of 0.0749 MNT (High: 2.5122 / Low: 2.4373). On the other end, April was the most stable month, with a tight range of 0.0273 MNT (High: 2.6868 / Low: 2.6595).

December Spread (Volatile) ±0.0749

April Spread (Stable) ±0.0273

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 July and August, when the average rate fell by 0.0475 points.

Longest Streak 0 Mo.

Sharpest MoM Drop -0.0475

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2024: 2.7152) against the same month in 2023 (average: 3.1701), the exchange rate shifted by -0.4549 (-14.35%).

2024 Avg (January) 2.7152

2023 Avg (January) 3.1701

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.7382	2.6835	2.7152
February	2.7162	2.6737	2.7047
March	2.7101	2.6745	2.6877
April	2.6868	2.6595	2.6750
May	2.6782	2.6255	2.6581
June	2.6589	2.6097	2.6371
July	2.6445	2.5700	2.6144
August	2.6035	2.5387	2.5669
September	2.5519	2.4997	2.5303
October	2.5482	2.4887	2.5112
November	2.5023	2.4649	2.4818
December	2.5122	2.4373	2.4564