2024 TOP to RWF Historical Review

YEARLY HIGH

582.2315 RWF

YEARLY LOW

531.4712 RWF

YEARLY AVERAGE

556.2158 RWF

2024 TOP to RWF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the TOP to RWF exchange rate experienced significant fluctuation. The market reached its absolute peak on December 24, valuing the pair at 582.2315. Conversely, the yearly low was recorded on February 19, dropping to 531.4712.

This high-to-low spread represents a total annual volatility of 50.7603 RWF. From a start-to-finish perspective, comparing the January average rate of 539.4459 to the December average rate of 577.7211, the exchange rate registered a net change of 7.10% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 582.2315 was up 7.56% compared to the 2023 peak of 541.3080, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 TOP based on timing:

Yearly Peak High 2,911,157 RWF

2023 Average 2,451,615 RWF

Yearly Trough Low 2,657,356 RWF

Transaction Impact: A difference of 253,801.38 RWF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

581.6213

534.8192

JanuMarcMayJulySeptNove

TOP to RWF 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 543.9588, compared to 568.4728 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 24.5140 points.

H1 Avg (Jan–Jun) 543.9588

H2 Avg (Jul–Dec) 568.4728

Volatility Range Comparison

Volatility

The most volatile month in 2024 was August, with a trading range of 22.7246 RWF (High: 570.5912 / Low: 547.8666). On the other end, November was the most stable month, with a tight range of 7.2615 RWF (High: 577.0649 / Low: 569.8034).

August Spread (Volatile) ±22.7246

November Spread (Stable) ±7.2615

Growth Streaks & Declines

Trends

Between April and October, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 6 straight months. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 1.0669 points.

Longest Streak 6 Mo.

Sharpest MoM Drop -1.0669

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2024: 577.7211) against the same month in 2023 (average: 533.6574), the exchange rate shifted by +44.0637 (+8.26%).

2024 Avg (December) 577.7211

2023 Avg (December) 533.6574

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	544.9348	536.4211	539.4459
February	546.9195	531.4712	538.7194
March	546.1667	537.3025	541.9987
April	544.8607	535.2855	540.9318
May	555.6560	540.0151	548.0737
June	561.5355	549.4655	554.5833
July	559.2878	550.4711	554.9805
August	570.5912	547.8666	559.9780
September	579.2256	567.3100	572.7302
October	580.4465	568.7712	572.7746
November	577.0649	569.8034	572.6523
December	582.2315	564.8622	577.7211