2024 EUR to RWF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 EUR to RWF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the EUR to RWF exchange rate experienced significant fluctuation. The market reached its absolute peak on September 26, valuing the pair at 1510.8959. Conversely, the yearly low was recorded on February 14, dropping to 1366.4414.
This high-to-low spread represents a total annual volatility of 144.4545 RWF. From a start-to-finish perspective, comparing the January average rate of 1386.3093 to the December average rate of 1448.6965, the exchange rate registered a net change of 4.50% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2024 high of 1510.8959 was up 7.97% compared to the 2023 peak of 1399.4294, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 EUR based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
EUR 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 1392.1723, compared to 1459.2651 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 67.0928 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was August, with a trading range of 76.3693 RWF (High: 1494.3235 / Low: 1417.9542). On the other end, June was the most stable month, with a tight range of 23.3482 RWF (High: 1421.9135 / Low: 1398.5653).
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 October and November, when the average rate fell by 19.3076 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (September 2024: 1492.0911) against the same month in 2023 (average: 1284.9829), the exchange rate shifted by +207.1081 (+16.12%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 1401.8659 | 1370.0427 | 1386.3093 |
| February | 1400.0313 | 1366.4414 | 1376.9265 |
| March | 1410.6421 | 1382.7884 | 1395.4818 |
| April | 1400.0917 | 1369.7536 | 1382.7739 |
| May | 1426.1962 | 1384.7024 | 1403.5594 |
| June | 1421.9135 | 1398.5653 | 1407.9827 |
| July | 1439.7073 | 1400.7233 | 1425.4308 |
| August | 1494.3235 | 1417.9542 | 1459.4889 |
| September | 1510.8959 | 1470.6915 | 1492.0911 |
| October | 1498.5420 | 1456.8289 | 1474.5954 |
| November | 1492.4933 | 1427.2662 | 1455.2878 |
| December | 1471.4818 | 1399.9336 | 1448.6965 |