2024 AOA to RWF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 AOA to RWF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the AOA to RWF exchange rate experienced significant fluctuation. The market reached its absolute peak on May 12, valuing the pair at 1.5573. Conversely, the yearly low was recorded on October 1, dropping to 1.3989.
This high-to-low spread represents a total annual volatility of 0.1584 RWF. From a start-to-finish perspective, comparing the January average rate of 1.5301 to the December average rate of 1.5147, the exchange rate registered a net change of -1.01% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2024 high of 1.5573 was down 30.10% compared to the 2023 peak of 2.2280, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 AOA based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
AOA to RWF Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 1.5363, compared to 1.4895 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0468 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was October, with a trading range of 0.1039 RWF (High: 1.5029 / Low: 1.3989). On the other end, April was the most stable month, with a tight range of 0.0191 RWF (High: 1.5514 / Low: 1.5323).
Growth Streaks & Declines
TrendsBetween January and April, 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 August and September, when the average rate fell by 0.0412 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (May 2024: 1.5398) against the same month in 2023 (average: 2.1191), the exchange rate shifted by -0.5793 (-27.34%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 1.5488 | 1.5165 | 1.5301 |
| February | 1.5530 | 1.5259 | 1.5350 |
| March | 1.5469 | 1.5236 | 1.5384 |
| April | 1.5514 | 1.5323 | 1.5435 |
| May | 1.5573 | 1.5190 | 1.5398 |
| June | 1.5471 | 1.5149 | 1.5308 |
| July | 1.5293 | 1.4921 | 1.5064 |
| August | 1.5136 | 1.4519 | 1.4885 |
| September | 1.4702 | 1.4177 | 1.4473 |
| October | 1.5029 | 1.3989 | 1.4786 |
| November | 1.5133 | 1.4901 | 1.5013 |
| December | 1.5287 | 1.4779 | 1.5147 |