2024 RWF to NGN Historical Review

YEARLY HIGH

1.2644 NGN

YEARLY LOW

0.6768 NGN

YEARLY AVERAGE

1.1134 NGN

2024 RWF to NGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the RWF to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on July 31, valuing the pair at 1.2644. Conversely, the yearly low was recorded on January 17, dropping to 0.6768.

This high-to-low spread represents a total annual volatility of 0.5876 NGN. From a start-to-finish perspective, comparing the January average rate of 0.7176 to the December average rate of 1.1360, the exchange rate registered a net change of 58.30% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 1.2644 was up 76.64% compared to the 2023 peak of 0.7158, 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 6,322 NGN

2023 Average 2,716 NGN

Yearly Trough Low 3,384 NGN

Transaction Impact: A difference of 2,937.97 NGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

1.2734

0.6671

JanuMarcMayJulySeptNove

RWF to NGN 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 1.0351, compared to 1.1917 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1566 points.

H1 Avg (Jan–Jun) 1.0351

H2 Avg (Jul–Dec) 1.1917

Volatility Range Comparison

Volatility

The most volatile month in 2024 was February, with a trading range of 0.5553 NGN (High: 1.2610 / Low: 0.7057). On the other end, November was the most stable month, with a tight range of 0.0388 NGN (High: 1.2406 / Low: 1.2018).

February Spread (Volatile) ±0.5553

November Spread (Stable) ±0.0388

Growth Streaks & Declines

Trends

Between April and September, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 0.1992 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.1992

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2024: 1.1578) against the same month in 2023 (average: 0.6652), the exchange rate shifted by +0.4927 (+74.07%).

2024 Avg (July) 1.1578

2023 Avg (July) 0.6652

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.7543	0.6768	0.7176
February	1.2610	0.7057	1.0785
March	1.2524	1.0840	1.1906
April	1.1042	0.9300	0.9914
May	1.1695	0.9533	1.0923
June	1.1612	1.0762	1.1403
July	1.2644	1.0668	1.1578
August	1.2636	1.1803	1.2062
September	1.2519	1.1852	1.2168
October	1.2508	1.1866	1.2107
November	1.2406	1.2018	1.2228
December	1.2224	1.1097	1.1360