2024 AED to GHS Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 AED to GHS Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the AED to GHS exchange rate experienced significant fluctuation. The market reached its absolute peak on November 10, valuing the pair at 4.4859. Conversely, the yearly low was recorded on January 6, dropping to 3.2406.
This high-to-low spread represents a total annual volatility of 1.2452 GHS. From a start-to-finish perspective, comparing the January average rate of 3.2796 to the December average rate of 4.0248, the exchange rate registered a net change of 22.72% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2024 high of 4.4859 was up 27.75% compared to the 2023 peak of 3.5114, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 AED based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
AED to GHS 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 3.6365, compared to 4.2457 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.6093 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was November, with a trading range of 0.3145 GHS (High: 4.4859 / Low: 4.1714). On the other end, September was the most stable month, with a tight range of 0.0477 GHS (High: 4.2998 / Low: 4.2520).
Growth Streaks & Declines
TrendsBetween January and November, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 10 straight months. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 0.3418 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (November 2024: 4.3666) against the same month in 2023 (average: 3.2516), the exchange rate shifted by +1.1150 (+34.29%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 3.3629 | 3.2406 | 3.2796 |
| February | 3.4447 | 3.3651 | 3.3926 |
| March | 3.6075 | 3.4463 | 3.5225 |
| April | 3.7196 | 3.6072 | 3.6600 |
| May | 4.0294 | 3.7250 | 3.8683 |
| June | 4.1542 | 4.0128 | 4.0958 |
| July | 4.2328 | 4.1655 | 4.2003 |
| August | 4.2768 | 4.2033 | 4.2477 |
| September | 4.2998 | 4.2520 | 4.2751 |
| October | 4.4400 | 4.3060 | 4.3599 |
| November | 4.4859 | 4.1714 | 4.3666 |
| December | 4.1811 | 3.9862 | 4.0248 |