2024 RWF to MZN Historical Review

YEARLY HIGH

0.0507 MZN

YEARLY LOW

0.0458 MZN

YEARLY AVERAGE

0.0485 MZN

2024 RWF to MZN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the RWF to MZN exchange rate experienced significant fluctuation. The market reached its absolute peak on January 7, valuing the pair at 0.0507. Conversely, the yearly low was recorded on December 24, dropping to 0.0458.

This high-to-low spread represents a total annual volatility of 0.0049 MZN. From a start-to-finish perspective, comparing the January average rate of 0.0502 to the December average rate of 0.0462, the exchange rate registered a net change of -8.05% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.0507 was down 15.11% compared to the 2023 peak of 0.0597, 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 254 MZN

2023 Average 276 MZN

Yearly Trough Low 229 MZN

Transaction Impact: A difference of 24.67 MZN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.0506

0.0458

JanuMarcMayJulySeptNove

RWF to MZN 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 0.0496, compared to 0.0474 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0022 points.

H1 Avg (Jan–Jun) 0.0496

H2 Avg (Jul–Dec) 0.0474

Volatility Range Comparison

Volatility

The most volatile month in 2024 was January, with a trading range of 0.0029 MZN (High: 0.0507 / Low: 0.0478). On the other end, April was the most stable month, with a tight range of 0.0005 MZN (High: 0.0498 / Low: 0.0493).

January Spread (Volatile) ±0.0029

April Spread (Stable) ±0.0005

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 0.0007 points.

Longest Streak 0 Mo.

Sharpest MoM Drop -0.0007

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2024: 0.0502) against the same month in 2023 (average: 0.0594), the exchange rate shifted by -0.0092 (-15.54%).

2024 Avg (January) 0.0502

2023 Avg (January) 0.0594

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0507	0.0478	0.0502
February	0.0503	0.0495	0.0501
March	0.0502	0.0495	0.0498
April	0.0498	0.0493	0.0496
May	0.0496	0.0486	0.0492
June	0.0492	0.0483	0.0488
July	0.0490	0.0483	0.0487
August	0.0489	0.0477	0.0483
September	0.0480	0.0470	0.0476
October	0.0479	0.0468	0.0472
November	0.0471	0.0464	0.0467
December	0.0472	0.0458	0.0462