2024 BHD to GHS Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 BHD to GHS Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the BHD to GHS exchange rate experienced significant fluctuation. The market reached its absolute peak on November 9, valuing the pair at 43.5708. Conversely, the yearly low was recorded on January 6, dropping to 31.5725.
This high-to-low spread represents a total annual volatility of 11.9983 GHS. From a start-to-finish perspective, comparing the January average rate of 31.9582 to the December average rate of 39.2169, the exchange rate registered a net change of 22.71% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2024 high of 43.5708 was up 27.22% compared to the 2023 peak of 34.2494, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 BHD based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
BHD 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 35.4404, compared to 41.3841 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 5.9437 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was May, with a trading range of 2.9671 GHS (High: 39.2994 / Low: 36.3323). On the other end, August was the most stable month, with a tight range of 0.4551 GHS (High: 41.6865 / Low: 41.2315).
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 3.3408 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (November 2024: 42.5577) against the same month in 2023 (average: 31.6916), the exchange rate shifted by +10.8661 (+34.29%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 32.7667 | 31.5725 | 31.9582 |
| February | 33.5739 | 32.7867 | 33.0614 |
| March | 35.1454 | 33.5869 | 34.3340 |
| April | 36.2429 | 34.9853 | 35.6577 |
| May | 39.2994 | 36.3323 | 37.7087 |
| June | 40.5259 | 39.1846 | 39.9223 |
| July | 41.2473 | 40.5936 | 40.9406 |
| August | 41.6865 | 41.2315 | 41.4234 |
| September | 41.9152 | 41.4398 | 41.6770 |
| October | 43.2687 | 41.9571 | 42.4891 |
| November | 43.5708 | 40.6569 | 42.5577 |
| December | 40.7972 | 38.8505 | 39.2169 |