2024 AFN to GHS Historical Review

YEARLY HIGH

0.2458 GHS

YEARLY LOW

0.1648 GHS

YEARLY AVERAGE

0.2058 GHS

2024 AFN to GHS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the AFN to GHS exchange rate experienced significant fluctuation. The market reached its absolute peak on October 17, valuing the pair at 0.2458. Conversely, the yearly low was recorded on February 3, dropping to 0.1648.

This high-to-low spread represents a total annual volatility of 0.0810 GHS. From a start-to-finish perspective, comparing the January average rate of 0.1684 to the December average rate of 0.2130, the exchange rate registered a net change of 26.49% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.2458 was up 41.43% compared to the 2023 peak of 0.1738, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 AFN based on timing:

Yearly Peak High 1,229 GHS

2023 Average 712 GHS

Yearly Trough Low 824 GHS

Transaction Impact: A difference of 404.92 GHS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.2458

0.1614

JanuMarcMayJulySeptNove

AFN to GHS Seasonal Trends & Volatility Analysis

A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.

Seasonal Halves (H1 vs H2)

Seasonal

The average exchange rate in the first half of the year (H1: Jan–Jun) was 0.1861, compared to 0.2255 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0394 points.

H1 Avg (Jan–Jun) 0.1861

H2 Avg (Jul–Dec) 0.2255

Volatility Range Comparison

Volatility

The most volatile month in 2024 was May, with a trading range of 0.0203 GHS (High: 0.2099 / Low: 0.1896). On the other end, August was the most stable month, with a tight range of 0.0038 GHS (High: 0.2227 / Low: 0.2189).

May Spread (Volatile) ±0.0203

August Spread (Stable) ±0.0038

Growth Streaks & Declines

Trends

Between January and October, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 9 straight months. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 0.0240 points.

Longest Streak 9 Mo.

Sharpest MoM Drop -0.0240

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2024: 0.2388) against the same month in 2023 (average: 0.1558), the exchange rate shifted by +0.0830 (+53.31%).

2024 Avg (October) 0.2388

2023 Avg (October) 0.1558

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1711	0.1651	0.1684
February	0.1743	0.1648	0.1703
March	0.1858	0.1746	0.1792
April	0.1908	0.1833	0.1872
May	0.2099	0.1896	0.1983
June	0.2175	0.2054	0.2133
July	0.2207	0.2161	0.2180
August	0.2227	0.2189	0.2204
September	0.2319	0.2207	0.2260
October	0.2458	0.2305	0.2388
November	0.2448	0.2257	0.2370
December	0.2260	0.2087	0.2130