2024 SRD to RWF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 SRD to RWF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the SRD to RWF exchange rate experienced significant fluctuation. The market reached its absolute peak on September 5, valuing the pair at 46.7740. Conversely, the yearly low was recorded on January 11, dropping to 34.2543.
This high-to-low spread represents a total annual volatility of 12.5197 RWF. From a start-to-finish perspective, comparing the January average rate of 34.6342 to the December average rate of 39.2804, the exchange rate registered a net change of 13.42% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2024 high of 46.7740 was up 36.24% compared to the 2023 peak of 34.3332, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 SRD based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
SRD 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 37.5277, compared to 42.5501 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 5.0224 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was October, with a trading range of 4.5750 RWF (High: 44.1622 / Low: 39.5872). On the other end, March was the most stable month, with a tight range of 0.9122 RWF (High: 36.9343 / Low: 36.0220).
Growth Streaks & Declines
TrendsBetween January and August, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 7 straight months. Conversely, the sharpest month-over-month decline occurred between September and October, when the average rate fell by 3.5716 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (September 2024: 45.2304) against the same month in 2023 (average: 31.4201), the exchange rate shifted by +13.8103 (+43.95%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 35.2826 | 34.2543 | 34.6342 |
| February | 36.5226 | 34.7132 | 35.2884 |
| March | 36.9343 | 36.0220 | 36.4368 |
| April | 38.2415 | 36.6709 | 37.2636 |
| May | 40.7146 | 38.2083 | 39.8050 |
| June | 43.0247 | 40.2883 | 41.7383 |
| July | 45.8097 | 42.3047 | 44.2449 |
| August | 46.6081 | 45.2515 | 45.9715 |
| September | 46.7740 | 43.4113 | 45.2304 |
| October | 44.1622 | 39.5872 | 41.6588 |
| November | 39.6601 | 38.4797 | 38.9147 |
| December | 39.7676 | 38.4605 | 39.2804 |