2024 CAD to RWF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 CAD to RWF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the CAD to RWF exchange rate experienced significant fluctuation. The market reached its absolute peak on September 25, valuing the pair at 1005.7366. Conversely, the yearly low was recorded on April 13, dropping to 932.8721.
This high-to-low spread represents a total annual volatility of 72.8645 RWF. From a start-to-finish perspective, comparing the January average rate of 946.9824 to the December average rate of 970.0677, the exchange rate registered a net change of 2.44% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2024 high of 1005.7366 was up 5.34% compared to the 2023 peak of 954.7559, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 CAD based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
CAD 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 947.8676, compared to 975.0403 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 27.1728 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was August, with a trading range of 54.0485 RWF (High: 994.2170 / Low: 940.1685). On the other end, January was the most stable month, with a tight range of 16.9680 RWF (High: 956.6074 / Low: 939.6394).
Growth Streaks & Declines
TrendsBetween April and September, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 9.1405 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (September 2024: 991.2535) against the same month in 2023 (average: 888.0975), the exchange rate shifted by +103.1560 (+11.62%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 956.6074 | 939.6394 | 946.9824 |
| February | 955.6617 | 938.0047 | 945.2400 |
| March | 956.1472 | 938.4983 | 947.9982 |
| April | 952.8790 | 932.8721 | 942.7569 |
| May | 959.9613 | 940.8980 | 949.6622 |
| June | 963.5612 | 943.7460 | 954.5658 |
| July | 967.3721 | 949.3805 | 957.5108 |
| August | 994.2170 | 940.1685 | 968.7613 |
| September | 1005.7366 | 981.6864 | 991.2535 |
| October | 1001.6853 | 975.2882 | 983.4404 |
| November | 988.6650 | 970.9564 | 979.2083 |
| December | 986.7341 | 935.2483 | 970.0677 |