2024 NOK to RWF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 NOK to RWF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the NOK to RWF exchange rate experienced significant fluctuation. The market reached its absolute peak on September 24, valuing the pair at 129.5806. Conversely, the yearly low was recorded on April 30, dropping to 116.2946.
This high-to-low spread represents a total annual volatility of 13.2861 RWF. From a start-to-finish perspective, comparing the January average rate of 122.1866 to the December average rate of 123.1854, the exchange rate registered a net change of 0.82% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2024 high of 129.5806 was up 3.90% compared to the 2023 peak of 124.7145, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 NOK based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
NOK 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 121.0631, compared to 124.0257 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 2.9626 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was August, with a trading range of 8.7160 RWF (High: 127.7812 / Low: 119.0652). On the other end, June was the most stable month, with a tight range of 3.1323 RWF (High: 124.5678 / Low: 121.4355).
Growth Streaks & Declines
TrendsBetween April and June, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 2.6827 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (September 2024: 126.6002) against the same month in 2023 (average: 112.1635), the exchange rate shifted by +14.4366 (+12.87%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 124.4686 | 120.5595 | 122.1866 |
| February | 122.7739 | 118.9801 | 120.9055 |
| March | 123.6319 | 118.4997 | 120.9280 |
| April | 120.8090 | 116.2946 | 118.2453 |
| May | 124.5251 | 117.0817 | 120.8663 |
| June | 124.5678 | 121.4355 | 123.2471 |
| July | 124.9500 | 118.9672 | 121.6569 |
| August | 127.7812 | 119.0652 | 123.7730 |
| September | 129.5806 | 122.9379 | 126.6002 |
| October | 127.9197 | 122.9663 | 125.0141 |
| November | 125.7200 | 122.5656 | 123.9246 |
| December | 125.6013 | 118.7512 | 123.1854 |