2024 INR to RWF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 INR to RWF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the INR to RWF exchange rate experienced significant fluctuation. The market reached its absolute peak on December 9, valuing the pair at 16.4301. Conversely, the yearly low was recorded on January 3, dropping to 15.1349.
This high-to-low spread represents a total annual volatility of 1.2952 RWF. From a start-to-finish perspective, comparing the January average rate of 15.2892 to the December average rate of 16.2740, the exchange rate registered a net change of 6.44% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2024 high of 16.4301 was up 7.87% compared to the 2023 peak of 15.2308, indicating shifts in long-term support levels.
Comparing the value generated converting 250,000 INR based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
INR 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 15.4702, compared to 16.0199 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.5497 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was December, with a trading range of 0.5483 RWF (High: 16.4301 / Low: 15.8817). On the other end, July was the most stable month, with a tight range of 0.1669 RWF (High: 15.8019 / Low: 15.6350).
Growth Streaks & Declines
TrendsBetween January and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 11 straight months. No significant month-over-month rate declines were detected.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2024: 16.2740) against the same month in 2023 (average: 15.0640), the exchange rate shifted by +1.2100 (+8.03%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 15.4719 | 15.1349 | 15.2892 |
| February | 15.5738 | 15.3001 | 15.3736 |
| March | 15.5769 | 15.2972 | 15.4547 |
| April | 15.5601 | 15.3708 | 15.4611 |
| May | 15.8206 | 15.4493 | 15.5707 |
| June | 15.8272 | 15.5203 | 15.6716 |
| July | 15.8019 | 15.6350 | 15.7077 |
| August | 15.9563 | 15.5870 | 15.7816 |
| September | 16.2051 | 15.8730 | 16.0258 |
| October | 16.2686 | 15.8981 | 16.1004 |
| November | 16.3297 | 16.1180 | 16.2299 |
| December | 16.4301 | 15.8817 | 16.2740 |