2024 RWF to TZS Historical Review

YEARLY HIGH

2.0613 TZS

YEARLY LOW

1.6906 TZS

YEARLY AVERAGE

1.9852 TZS

2024 RWF to TZS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the RWF to TZS exchange rate experienced significant fluctuation. The market reached its absolute peak on August 25, valuing the pair at 2.0613. Conversely, the yearly low was recorded on December 17, dropping to 1.6906.

This high-to-low spread represents a total annual volatility of 0.3707 TZS. From a start-to-finish perspective, comparing the January average rate of 1.9837 to the December average rate of 1.7832, the exchange rate registered a net change of -10.11% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 2.0613 was down 5.62% compared to the 2023 peak of 2.1842, 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 10,307 TZS

2023 Average 10,465 TZS

Yearly Trough Low 8,453 TZS

Transaction Impact: A difference of 1,853.27 TZS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

2.0693

1.7572

JanuMarcMayJulySeptNove

RWF to TZS 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 1.9951, compared to 1.9753 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0198 points.

H1 Avg (Jan–Jun) 1.9951

H2 Avg (Jul–Dec) 1.9753

Volatility Range Comparison

Volatility

The most volatile month in 2024 was December, with a trading range of 0.2257 TZS (High: 1.9163 / Low: 1.6906). On the other end, April was the most stable month, with a tight range of 0.0222 TZS (High: 2.0142 / Low: 1.9920).

December Spread (Volatile) ±0.2257

April Spread (Stable) ±0.0222

Growth Streaks & Declines

Trends

Between May and August, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 0.1646 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.1646

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2024: 2.0433) against the same month in 2023 (average: 2.1090), the exchange rate shifted by -0.0656 (-3.11%).

2024 Avg (August) 2.0433

2023 Avg (August) 2.1090

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.0024	1.9557	1.9837
February	2.0036	1.9761	1.9919
March	2.0047	1.9763	1.9891
April	2.0142	1.9920	2.0029
May	2.0181	1.9771	1.9993
June	2.0499	1.9824	2.0041
July	2.0557	2.0100	2.0348
August	2.0613	2.0189	2.0433
September	2.0484	2.0074	2.0296
October	2.0407	1.9919	2.0132
November	2.0067	1.9145	1.9478
December	1.9163	1.6906	1.7832