Abstract: Heritage-related guidelines and standards recommend stable climatic conditions, since these contribute to the extension of heritage collections life. As a result, numerous museums and other heritage institutions implement (expensive) mitigation measures to achieve stable conditions. Nevertheless, temperature and relative humidity fluctuations are often still observed. This contribution demonstrates that the analysis of temperature and humidity peaks and drops helps to identify hazards which cause fluctuations in different frequency ranges. This hazard identification provides information on the type of mitigation actions that are required in the near future and in which order they need to be implemented. The approach is illustrated with a case study. A 22 month monitoring campaign was performed in a chapel in the center of Antwerp (Belgium) where the climatic conditions are controlled with a heating, ventilation and air conditioning (HVAC) system. Low-, mid- and high-frequency fluctuations were separated and discussed for their hazards.