2024 RWF to SYP Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 RWF to SYP Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the RWF to SYP exchange rate experienced significant fluctuation. The market reached its absolute peak on December 31, valuing the pair at 9.4409. Conversely, the yearly low was recorded on December 9, dropping to 1.8023.
This high-to-low spread represents a total annual volatility of 7.6386 SYP. From a start-to-finish perspective, comparing the January average rate of 1.9774 to the December average rate of 4.4989, the exchange rate registered a net change of 127.51% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2024 high of 9.4409 was up 301.57% compared to the 2023 peak of 2.3510, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 RWF based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
RWF to SYP 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 1.9515, compared to 2.3122 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.3607 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was December, with a trading range of 7.6386 SYP (High: 9.4409 / Low: 1.8023). On the other end, April was the most stable month, with a tight range of 0.0199 SYP (High: 1.9567 / Low: 1.9368).
Growth Streaks & Declines
TrendsNo sustained consecutive month-over-month growth streak of 2+ months occurred in 2024. Conversely, the sharpest month-over-month decline occurred between August and September, when the average rate fell by 0.0271 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2024: 4.4989) against the same month in 2023 (average: 2.0037), the exchange rate shifted by +2.4952 (+124.53%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 1.9942 | 1.9543 | 1.9774 |
| February | 1.9782 | 1.9472 | 1.9698 |
| March | 1.9737 | 1.9477 | 1.9573 |
| April | 1.9567 | 1.9368 | 1.9482 |
| May | 1.9505 | 1.9121 | 1.9358 |
| June | 1.9364 | 1.9006 | 1.9205 |
| July | 1.9259 | 1.9003 | 1.9133 |
| August | 1.9250 | 1.8772 | 1.8980 |
| September | 1.8869 | 1.8483 | 1.8709 |
| October | 1.8842 | 1.8402 | 1.8568 |
| November | 1.8502 | 1.8226 | 1.8351 |
| December | 9.4409 | 1.8023 | 4.4989 |