2024 GMD to RWF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 GMD to RWF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the GMD to RWF exchange rate experienced significant fluctuation. The market reached its absolute peak on October 8, valuing the pair at 20.2275. Conversely, the yearly low was recorded on August 4, dropping to 18.5133.
This high-to-low spread represents a total annual volatility of 1.7141 RWF. From a start-to-finish perspective, comparing the January average rate of 18.8828 to the December average rate of 19.2641, the exchange rate registered a net change of 2.02% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2024 high of 20.2275 was up 1.64% compared to the 2023 peak of 19.9016, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 GMD based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
GMD 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 19.0171, compared to 19.2779 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.2608 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was October, with a trading range of 1.0404 RWF (High: 20.2275 / Low: 19.1871). On the other end, April was the most stable month, with a tight range of 0.2011 RWF (High: 19.1053 / Low: 18.9042).
Growth Streaks & Declines
TrendsBetween February and July, 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 July and August, when the average rate fell by 0.4043 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (October 2024: 19.5333) against the same month in 2023 (average: 18.6250), the exchange rate shifted by +0.9084 (+4.88%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 19.1077 | 18.7490 | 18.8828 |
| February | 19.0243 | 18.7425 | 18.8690 |
| March | 18.9911 | 18.7413 | 18.8964 |
| April | 19.1053 | 18.9042 | 18.9955 |
| May | 19.3883 | 18.9911 | 19.1520 |
| June | 19.5057 | 19.1447 | 19.3069 |
| July | 19.5081 | 18.9070 | 19.3609 |
| August | 19.3964 | 18.5133 | 18.9566 |
| September | 19.7975 | 18.8156 | 19.3079 |
| October | 20.2275 | 19.1871 | 19.5333 |
| November | 19.4861 | 18.9925 | 19.2444 |
| December | 19.4488 | 18.7867 | 19.2641 |