2024 RWF to ZAR Historical Review

YEARLY HIGH

0.0152 ZAR

YEARLY LOW

0.0127 ZAR

YEARLY AVERAGE

0.0139 ZAR

2024 RWF to ZAR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the RWF to ZAR exchange rate experienced significant fluctuation. The market reached its absolute peak on February 25, valuing the pair at 0.0152. Conversely, the yearly low was recorded on November 7, dropping to 0.0127.

This high-to-low spread represents a total annual volatility of 0.0025 ZAR. From a start-to-finish perspective, comparing the January average rate of 0.0148 to the December average rate of 0.0132, the exchange rate registered a net change of -10.64% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.0152 was down 13.64% compared to the 2023 peak of 0.0175, 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 76 ZAR

2023 Average 80 ZAR

Yearly Trough Low 63 ZAR

Transaction Impact: A difference of 12.46 ZAR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.0151

0.0128

JanuMarcMayJulySeptNove

RWF to ZAR 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 0.0145, compared to 0.0133 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0012 points.

H1 Avg (Jan–Jun) 0.0145

H2 Avg (Jul–Dec) 0.0133

Volatility Range Comparison

Volatility

The most volatile month in 2024 was December, with a trading range of 0.0010 ZAR (High: 0.0137 / Low: 0.0127). On the other end, October was the most stable month, with a tight range of 0.0004 ZAR (High: 0.0132 / Low: 0.0128).

December Spread (Volatile) ±0.0010

October Spread (Stable) ±0.0004

Growth Streaks & Declines

Trends

Between October and December, 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 August and September, when the average rate fell by 0.0005 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0005

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2024: 0.0149) against the same month in 2023 (average: 0.0165), the exchange rate shifted by -0.0016 (-9.62%).

2024 Avg (February) 0.0149

2023 Avg (February) 0.0165

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0150	0.0144	0.0148
February	0.0152	0.0146	0.0149
March	0.0150	0.0144	0.0147
April	0.0150	0.0143	0.0146
May	0.0144	0.0139	0.0142
June	0.0146	0.0137	0.0141
July	0.0141	0.0136	0.0139
August	0.0142	0.0133	0.0136
September	0.0134	0.0127	0.0131
October	0.0132	0.0128	0.0130
November	0.0134	0.0127	0.0131
December	0.0137	0.0127	0.0132