2024 NIO to RWF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 NIO to RWF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the NIO to RWF exchange rate experienced significant fluctuation. The market reached its absolute peak on December 25, valuing the pair at 37.9112. Conversely, the yearly low was recorded on January 2, dropping to 34.3490.
This high-to-low spread represents a total annual volatility of 3.5622 RWF. From a start-to-finish perspective, comparing the January average rate of 34.6703 to the December average rate of 37.6066, the exchange rate registered a net change of 8.47% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2024 high of 37.9112 was up 10.15% compared to the 2023 peak of 34.4193, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 NIO based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
NIO 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 35.0229, compared to 36.6220 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 1.5991 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was December, with a trading range of 1.1590 RWF (High: 37.9112 / Low: 36.7521). On the other end, April was the most stable month, with a tight range of 0.4130 RWF (High: 35.2245 / Low: 34.8115).
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: 37.6066) against the same month in 2023 (average: 34.1980), the exchange rate shifted by +3.4087 (+9.97%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 35.1409 | 34.3490 | 34.6703 |
| February | 35.0838 | 34.5458 | 34.6832 |
| March | 35.0621 | 34.5642 | 34.9011 |
| April | 35.2245 | 34.8115 | 35.0380 |
| May | 35.7294 | 35.0898 | 35.2903 |
| June | 35.8721 | 35.2729 | 35.5545 |
| July | 35.9092 | 35.4367 | 35.6851 |
| August | 36.4594 | 35.6871 | 35.9823 |
| September | 36.8905 | 36.1332 | 36.4900 |
| October | 37.1222 | 36.2731 | 36.7532 |
| November | 37.4711 | 36.9102 | 37.2146 |
| December | 37.9112 | 36.7521 | 37.6066 |