2024 BIF to GHS Historical Review

YEARLY HIGH

0.0057 GHS

YEARLY LOW

0.0042 GHS

YEARLY AVERAGE

0.0050 GHS

2024 BIF to GHS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the BIF to GHS exchange rate experienced significant fluctuation. The market reached its absolute peak on November 12, valuing the pair at 0.0057. Conversely, the yearly low was recorded on January 6, dropping to 0.0042.

This high-to-low spread represents a total annual volatility of 0.0015 GHS. From a start-to-finish perspective, comparing the January average rate of 0.0042 to the December average rate of 0.0050, the exchange rate registered a net change of 18.81% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.0057 was down 9.18% compared to the 2023 peak of 0.0062, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 28 GHS

2023 Average 24 GHS

Yearly Trough Low 21 GHS

Transaction Impact: A difference of 7.49 GHS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.0056

0.0041

JanuMarcMayJulySeptNove

BIF 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 0.0047, compared to 0.0054 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0007 points.

H1 Avg (Jan–Jun) 0.0047

H2 Avg (Jul–Dec) 0.0054

Volatility Range Comparison

Volatility

The most volatile month in 2024 was November, with a trading range of 0.0005 GHS (High: 0.0057 / Low: 0.0052). On the other end, September was the most stable month, with a tight range of 0.0000 GHS (High: 0.0055 / Low: 0.0054).

November Spread (Volatile) ±0.0005

September Spread (Stable) ±0.0000

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 0.0005 points.

Longest Streak 9 Mo.

Sharpest MoM Drop -0.0005

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2024: 0.0055) against the same month in 2023 (average: 0.0042), the exchange rate shifted by +0.0013 (+30.56%).

2024 Avg (November) 0.0055

2023 Avg (November) 0.0042

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0043	0.0042	0.0042
February	0.0044	0.0043	0.0044
March	0.0046	0.0044	0.0045
April	0.0048	0.0046	0.0047
May	0.0051	0.0048	0.0050
June	0.0053	0.0051	0.0052
July	0.0054	0.0053	0.0054
August	0.0054	0.0054	0.0054
September	0.0055	0.0054	0.0054
October	0.0056	0.0054	0.0055
November	0.0057	0.0052	0.0055
December	0.0052	0.0050	0.0050