2024 ZAR to RWF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 ZAR to RWF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the ZAR to RWF exchange rate experienced significant fluctuation. The market reached its absolute peak on November 7, valuing the pair at 78.9877. Conversely, the yearly low was recorded on February 25, dropping to 66.0008.
This high-to-low spread represents a total annual volatility of 12.9869 RWF. From a start-to-finish perspective, comparing the January average rate of 67.7701 to the December average rate of 75.8584, the exchange rate registered a net change of 11.93% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2024 high of 78.9877 was up 14.55% compared to the 2023 peak of 68.9575, indicating shifts in long-term support levels.
Comparing the value generated converting 50,000 ZAR based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
ZAR 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 68.8032, compared to 75.1357 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 6.3325 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was December, with a trading range of 5.7634 RWF (High: 78.6314 / Low: 72.8680). On the other end, October was the most stable month, with a tight range of 2.2649 RWF (High: 78.2219 / Low: 75.9571).
Growth Streaks & Declines
TrendsBetween February and October, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 8 straight months. Conversely, the sharpest month-over-month decline occurred between October and November, when the average rate fell by 0.7558 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (November 2024: 76.2528) against the same month in 2023 (average: 66.5981), the exchange rate shifted by +9.6548 (+14.50%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 69.5714 | 66.4928 | 67.7701 |
| February | 68.6184 | 66.0008 | 67.0656 |
| March | 69.3397 | 66.8869 | 68.0782 |
| April | 69.8770 | 66.6828 | 68.2978 |
| May | 71.7505 | 69.2194 | 70.5074 |
| June | 73.2021 | 68.7263 | 71.1000 |
| July | 73.2775 | 70.7444 | 72.0444 |
| August | 75.4365 | 70.4480 | 73.3021 |
| September | 78.5847 | 74.3831 | 76.3478 |
| October | 78.2219 | 75.9571 | 77.0086 |
| November | 78.9877 | 74.8226 | 76.2528 |
| December | 78.6314 | 72.8680 | 75.8584 |