2024 NZD to RWF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 NZD to RWF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the NZD to RWF exchange rate experienced significant fluctuation. The market reached its absolute peak on September 26, valuing the pair at 855.7711. Conversely, the yearly low was recorded on April 20, dropping to 757.5690.
This high-to-low spread represents a total annual volatility of 98.2022 RWF. From a start-to-finish perspective, comparing the January average rate of 784.5289 to the December average rate of 793.8299, the exchange rate registered a net change of 1.19% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2024 high of 855.7711 was up 7.01% compared to the 2023 peak of 799.7304, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 NZD based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
NZD 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 784.0550, compared to 809.8497 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 25.7947 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was August, with a trading range of 58.4993 RWF (High: 834.6490 / Low: 776.1496). On the other end, June was the most stable month, with a tight range of 19.9614 RWF (High: 814.2109 / Low: 794.2495).
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 November and December, when the average rate fell by 15.0488 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (September 2024: 836.1900) against the same month in 2023 (average: 713.3944), the exchange rate shifted by +122.7956 (+17.21%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 798.1302 | 773.2872 | 784.5289 |
| February | 795.6908 | 770.1458 | 781.6880 |
| March | 795.9777 | 766.3196 | 779.8628 |
| April | 782.0295 | 757.5690 | 767.8238 |
| May | 804.5882 | 766.5291 | 787.9269 |
| June | 814.2109 | 794.2495 | 802.4997 |
| July | 809.3493 | 772.8105 | 792.2544 |
| August | 834.6490 | 776.1496 | 805.7589 |
| September | 855.7711 | 818.7161 | 836.1900 |
| October | 843.0096 | 809.7151 | 822.1860 |
| November | 823.0581 | 797.1097 | 808.8787 |
| December | 816.6593 | 759.6473 | 793.8299 |