2024 PGK to RWF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 PGK to RWF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the PGK to RWF exchange rate experienced significant fluctuation. The market reached its absolute peak on August 26, valuing the pair at 347.8828. Conversely, the yearly low was recorded on May 20, dropping to 332.8502.
This high-to-low spread represents a total annual volatility of 15.0326 RWF. From a start-to-finish perspective, comparing the January average rate of 340.3447 to the December average rate of 342.1861, the exchange rate registered a net change of 0.54% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2024 high of 347.8828 was up 2.41% compared to the 2023 peak of 339.7013, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 PGK based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
PGK 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 337.5572, compared to 339.4615 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 1.9043 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was August, with a trading range of 14.5362 RWF (High: 347.8828 / Low: 333.3466). On the other end, May was the most stable month, with a tight range of 5.5317 RWF (High: 338.3818 / Low: 332.8502).
Growth Streaks & Declines
TrendsBetween May and October, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between April and May, when the average rate fell by 2.8125 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (August 2024: 337.1658) against the same month in 2023 (average: 326.9999), the exchange rate shifted by +10.1660 (+3.11%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 344.9813 | 332.9746 | 340.3447 |
| February | 344.4456 | 334.2838 | 338.1027 |
| March | 341.8185 | 333.3988 | 337.9486 |
| April | 341.3412 | 334.3877 | 337.4958 |
| May | 338.3818 | 332.8502 | 334.6833 |
| June | 343.9797 | 333.1712 | 336.7681 |
| July | 342.3938 | 334.4489 | 336.8165 |
| August | 347.8828 | 333.3466 | 337.1658 |
| September | 344.8478 | 335.4096 | 339.1774 |
| October | 347.3379 | 333.7151 | 340.8912 |
| November | 343.2094 | 337.6466 | 340.5321 |
| December | 346.2879 | 333.8982 | 342.1861 |