2024 ETB to RWF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 ETB to RWF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the ETB to RWF exchange rate experienced significant fluctuation. The market reached its absolute peak on June 13, valuing the pair at 22.9813. Conversely, the yearly low was recorded on December 18, dropping to 10.6617.
This high-to-low spread represents a total annual volatility of 12.3196 RWF. From a start-to-finish perspective, comparing the January average rate of 22.5195 to the December average rate of 10.9241, the exchange rate registered a net change of -51.49% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2024 high of 22.9813 was up 1.86% compared to the 2023 peak of 22.5615, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 ETB based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
ETB 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 22.6216, compared to 13.4319 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 9.1897 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was July, with a trading range of 5.5207 RWF (High: 22.9425 / Low: 17.4218). On the other end, April was the most stable month, with a tight range of 0.2776 RWF (High: 22.7683 / Low: 22.4907).
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 July and August, when the average rate fell by 9.5712 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (June 2024: 22.7516) against the same month in 2023 (average: 20.9684), the exchange rate shifted by +1.7831 (+8.50%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 22.7653 | 22.3549 | 22.5195 |
| February | 22.7533 | 22.4303 | 22.5268 |
| March | 22.7924 | 22.4472 | 22.6266 |
| April | 22.7683 | 22.4907 | 22.6648 |
| May | 22.8911 | 22.5034 | 22.6404 |
| June | 22.9813 | 22.5936 | 22.7516 |
| July | 22.9425 | 17.4218 | 22.5948 |
| August | 16.6795 | 11.8587 | 13.0236 |
| September | 12.1854 | 11.1808 | 11.6374 |
| October | 11.4008 | 11.0902 | 11.2422 |
| November | 11.3851 | 10.9014 | 11.1691 |
| December | 11.1986 | 10.6617 | 10.9241 |