2024 GEL to RWF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 GEL to RWF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the GEL to RWF exchange rate experienced significant fluctuation. The market reached its absolute peak on November 10, valuing the pair at 505.6149. Conversely, the yearly low was recorded on June 15, dropping to 456.0948.
This high-to-low spread represents a total annual volatility of 49.5201 RWF. From a start-to-finish perspective, comparing the January average rate of 474.9425 to the December average rate of 491.5349, the exchange rate registered a net change of 3.49% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2024 high of 505.6149 was up 6.91% compared to the 2023 peak of 472.9492, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 GEL based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
GEL 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 476.8404, compared to 492.7990 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 15.9586 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was May, with a trading range of 28.0370 RWF (High: 486.4321 / Low: 458.3951). On the other end, April was the most stable month, with a tight range of 9.2760 RWF (High: 486.7730 / Low: 477.4970).
Growth Streaks & Declines
TrendsBetween June and September, 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 May and June, when the average rate fell by 14.7549 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (November 2024: 500.8060) against the same month in 2023 (average: 456.8855), the exchange rate shifted by +43.9205 (+9.61%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 484.2352 | 468.3777 | 474.9425 |
| February | 486.9150 | 477.4459 | 480.8946 |
| March | 485.8491 | 473.6114 | 479.9654 |
| April | 486.7730 | 477.4970 | 482.0679 |
| May | 486.4321 | 458.3951 | 478.9634 |
| June | 473.5828 | 456.0948 | 464.2086 |
| July | 487.0877 | 465.9331 | 480.2789 |
| August | 498.4553 | 482.5094 | 491.0723 |
| September | 503.4693 | 488.8161 | 496.9490 |
| October | 501.9681 | 489.3578 | 496.1530 |
| November | 505.6149 | 489.3624 | 500.8060 |
| December | 497.4307 | 481.1377 | 491.5349 |