2024 JPY to RWF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 JPY to RWF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the JPY to RWF exchange rate experienced significant fluctuation. The market reached its absolute peak on September 15, valuing the pair at 9.6513. Conversely, the yearly low was recorded on July 1, dropping to 8.0774.
This high-to-low spread represents a total annual volatility of 1.5739 RWF. From a start-to-finish perspective, comparing the January average rate of 8.6942 to the December average rate of 8.9841, the exchange rate registered a net change of 3.33% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2024 high of 9.6513 was up 7.89% compared to the 2023 peak of 8.9456, indicating shifts in long-term support levels.
Comparing the value generated converting 500,000 JPY based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
JPY 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 8.4627, compared to 8.9529 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.4902 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was July, with a trading range of 0.6956 RWF (High: 8.7730 / Low: 8.0774). On the other end, May was the most stable month, with a tight range of 0.2173 RWF (High: 8.4643 / Low: 8.2470).
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 September and October, when the average rate fell by 0.3605 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (September 2024: 9.3883) against the same month in 2023 (average: 8.1414), the exchange rate shifted by +1.2469 (+15.32%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 8.9466 | 8.5688 | 8.6942 |
| February | 8.7052 | 8.4534 | 8.5258 |
| March | 8.7650 | 8.4453 | 8.5722 |
| April | 8.5086 | 8.1789 | 8.3738 |
| May | 8.4643 | 8.2470 | 8.3348 |
| June | 8.4136 | 8.1104 | 8.2755 |
| July | 8.7730 | 8.0774 | 8.3385 |
| August | 9.2867 | 8.8101 | 9.0543 |
| September | 9.6513 | 9.0952 | 9.3883 |
| October | 9.2767 | 8.8454 | 9.0278 |
| November | 9.1899 | 8.7412 | 8.9246 |
| December | 9.2293 | 8.7202 | 8.9841 |