2024 SCR to RWF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 SCR to RWF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the SCR to RWF exchange rate experienced significant fluctuation. The market reached its absolute peak on September 24, valuing the pair at 105.0854. Conversely, the yearly low was recorded on August 4, dropping to 86.9033.
This high-to-low spread represents a total annual volatility of 18.1821 RWF. From a start-to-finish perspective, comparing the January average rate of 94.9645 to the December average rate of 98.0743, the exchange rate registered a net change of 3.27% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2024 high of 105.0854 was up 7.67% compared to the 2023 peak of 97.5973, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 SCR based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
SCR 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 94.8160, compared to 97.9976 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 3.1816 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was August, with a trading range of 17.3695 RWF (High: 104.2728 / Low: 86.9033). On the other end, May was the most stable month, with a tight range of 2.9138 RWF (High: 96.4238 / Low: 93.5100).
Growth Streaks & Declines
TrendsBetween June and September, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 1.5321 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (September 2024: 99.8832) against the same month in 2023 (average: 91.5993), the exchange rate shifted by +8.2840 (+9.04%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 97.1937 | 90.9227 | 94.9645 |
| February | 96.8941 | 92.1176 | 94.7862 |
| March | 96.4723 | 90.2020 | 94.4534 |
| April | 96.5341 | 89.7078 | 94.9068 |
| May | 96.4238 | 93.5100 | 95.0474 |
| June | 96.7986 | 89.3433 | 94.7375 |
| July | 97.4380 | 92.8396 | 95.1997 |
| August | 104.2728 | 86.9033 | 96.4680 |
| September | 105.0854 | 96.7104 | 99.8832 |
| October | 103.5998 | 89.5518 | 98.7538 |
| November | 102.0226 | 95.8713 | 99.6063 |
| December | 103.5645 | 90.8879 | 98.0743 |