2024 ISK to RWF Historical Review

YEARLY HIGH

10.1024 RWF

YEARLY LOW

9.0862 RWF

YEARLY AVERAGE

9.5513 RWF

2024 ISK to RWF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the ISK to RWF exchange rate experienced significant fluctuation. The market reached its absolute peak on December 17, valuing the pair at 10.1024. Conversely, the yearly low was recorded on April 16, dropping to 9.0862.

This high-to-low spread represents a total annual volatility of 1.0162 RWF. From a start-to-finish perspective, comparing the January average rate of 9.2815 to the December average rate of 9.9751, the exchange rate registered a net change of 7.47% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 10.1024 was up 8.55% compared to the 2023 peak of 9.3064, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 ISK based on timing:

Yearly Peak High 50,512 RWF

2023 Average 42,062 RWF

Yearly Trough Low 45,431 RWF

Transaction Impact: A difference of 5,081.08 RWF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

10.0531

9.1172

JanuMarcMayJulySeptNove

ISK to RWF Seasonal Trends & Volatility Analysis

A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.

Seasonal Halves (H1 vs H2)

Seasonal

The average exchange rate in the first half of the year (H1: Jan–Jun) was 9.3130, compared to 9.7897 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.4768 points.

H1 Avg (Jan–Jun) 9.3130

H2 Avg (Jul–Dec) 9.7897

Volatility Range Comparison

Volatility

The most volatile month in 2024 was December, with a trading range of 0.4273 RWF (High: 10.1024 / Low: 9.6751). On the other end, June was the most stable month, with a tight range of 0.1326 RWF (High: 9.5081 / Low: 9.3754).

December Spread (Volatile) ±0.4273

June Spread (Stable) ±0.1326

Growth Streaks & Declines

Trends

Between April and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 8 straight months. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 0.1611 points.

Longest Streak 8 Mo.

Sharpest MoM Drop -0.1611

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2024: 9.9751) against the same month in 2023 (average: 9.0979), the exchange rate shifted by +0.8772 (+9.64%).

2024 Avg (December) 9.9751

2023 Avg (December) 9.0979

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	9.5115	9.1424	9.2815
February	9.3612	9.1889	9.2610
March	9.5321	9.2260	9.3563
April	9.2928	9.0862	9.1952
May	9.5083	9.2249	9.3516
June	9.5081	9.3754	9.4320
July	9.6046	9.3938	9.5360
August	9.8034	9.4593	9.6102
September	10.0283	9.6164	9.8089
October	10.0772	9.7641	9.8901
November	10.0618	9.7791	9.9182
December	10.1024	9.6751	9.9751