2024 TRY to RWF Historical Review

YEARLY HIGH

42.7236 RWF

YEARLY LOW

38.5853 RWF

YEARLY AVERAGE

40.1017 RWF

2024 TRY to RWF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the TRY to RWF exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 42.7236. Conversely, the yearly low was recorded on December 18, dropping to 38.5853.

This high-to-low spread represents a total annual volatility of 4.1383 RWF. From a start-to-finish perspective, comparing the January average rate of 42.2259 to the December average rate of 39.5219, the exchange rate registered a net change of -6.40% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 42.7236 was down 26.91% compared to the 2023 peak of 58.4572, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 50,000 TRY based on timing:

Yearly Peak High 2,136,178 RWF

2023 Average 2,487,637 RWF

Yearly Trough Low 1,929,263 RWF

Transaction Impact: A difference of 206,914.82 RWF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

42.5202

38.9886

JanuMarcMayJulySeptNove

TRY 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 40.6469, compared to 39.5564 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 1.0905 points.

H1 Avg (Jan–Jun) 40.6469

H2 Avg (Jul–Dec) 39.5564

Volatility Range Comparison

Volatility

The most volatile month in 2024 was December, with a trading range of 1.4367 RWF (High: 40.0219 / Low: 38.5853). On the other end, November was the most stable month, with a tight range of 0.5852 RWF (High: 40.0230 / Low: 39.4378).

December Spread (Volatile) ±1.4367

November Spread (Stable) ±0.5852

Growth Streaks & Declines

Trends

Between August and November, 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 February and March, when the average rate fell by 1.3654 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -1.3654

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2024: 42.2259) against the same month in 2023 (average: 57.2241), the exchange rate shifted by -14.9981 (-26.21%).

2024 Avg (January) 42.2259

2023 Avg (January) 57.2241

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	42.7236	41.7606	42.2259
February	41.9576	40.7925	41.4059
March	40.9243	39.6321	40.0404
April	40.3350	39.5035	39.8536
May	40.7923	39.7818	40.2229
June	40.7012	39.7091	40.1329
July	40.4307	39.4809	39.8905
August	39.7219	38.6807	39.2829
September	40.0348	39.0123	39.4228
October	39.8429	39.0017	39.4957
November	40.0230	39.4378	39.7246
December	40.0219	38.5853	39.5219