2024 CVE to RWF Historical Review

YEARLY HIGH

13.7103 RWF

YEARLY LOW

12.3571 RWF

YEARLY AVERAGE

12.9182 RWF

2024 CVE to RWF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the CVE to RWF exchange rate experienced significant fluctuation. The market reached its absolute peak on September 25, valuing the pair at 13.7103. Conversely, the yearly low was recorded on February 14, dropping to 12.3571.

This high-to-low spread represents a total annual volatility of 1.3533 RWF. From a start-to-finish perspective, comparing the January average rate of 12.5637 to the December average rate of 13.1453, the exchange rate registered a net change of 4.63% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 13.7103 was up 8.39% compared to the 2023 peak of 12.6491, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 68,552 RWF

2023 Average 56,750 RWF

Yearly Trough Low 61,785 RWF

Transaction Impact: A difference of 6,766.26 RWF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

13.6172

12.3681

JanuMarcMayJulySeptNove

CVE 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 12.6155, compared to 13.2209 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.6053 points.

H1 Avg (Jan–Jun) 12.6155

H2 Avg (Jul–Dec) 13.2209

Volatility Range Comparison

Volatility

The most volatile month in 2024 was August, with a trading range of 0.6690 RWF (High: 13.5164 / Low: 12.8474). On the other end, June was the most stable month, with a tight range of 0.2266 RWF (High: 12.8869 / Low: 12.6603).

August Spread (Volatile) ±0.6690

June Spread (Stable) ±0.2266

Growth Streaks & Declines

Trends

Between 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 October and November, when the average rate fell by 0.1615 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.1615

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2024: 13.5131) against the same month in 2023 (average: 11.6523), the exchange rate shifted by +1.8608 (+15.97%).

2024 Avg (September) 13.5131

2023 Avg (September) 11.6523

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	12.7246	12.4446	12.5637
February	12.6808	12.3571	12.4722
March	12.7955	12.4694	12.6404
April	12.7099	12.4131	12.5551
May	12.9289	12.4310	12.7053
June	12.8869	12.6603	12.7564
July	13.0534	12.6600	12.9131
August	13.5164	12.8474	13.1972
September	13.7103	13.3424	13.5131
October	13.5694	13.2029	13.3590
November	13.4837	12.8945	13.1975
December	13.3424	12.8757	13.1453