2024 BMD to GHS Historical Review

YEARLY HIGH

16.4765 GHS

YEARLY LOW

11.9022 GHS

YEARLY AVERAGE

14.4753 GHS

2024 BMD to GHS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the BMD to GHS exchange rate experienced significant fluctuation. The market reached its absolute peak on November 10, valuing the pair at 16.4765. Conversely, the yearly low was recorded on January 6, dropping to 11.9022.

This high-to-low spread represents a total annual volatility of 4.5743 GHS. From a start-to-finish perspective, comparing the January average rate of 12.0455 to the December average rate of 14.7832, the exchange rate registered a net change of 22.73% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 16.4765 was up 27.75% compared to the 2023 peak of 12.8975, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 82,382 GHS

2023 Average 58,432 GHS

Yearly Trough Low 59,511 GHS

Transaction Impact: A difference of 22,871.38 GHS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

16.4378

11.6462

JanuMarcMayJulySeptNove

BMD 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 13.3561, compared to 15.5945 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 2.2384 points.

H1 Avg (Jan–Jun) 13.3561

H2 Avg (Jul–Dec) 15.5945

Volatility Range Comparison

Volatility

The most volatile month in 2024 was November, with a trading range of 1.1549 GHS (High: 16.4765 / Low: 15.3215). On the other end, September was the most stable month, with a tight range of 0.1754 GHS (High: 15.7930 / Low: 15.6176).

November Spread (Volatile) ±1.1549

September Spread (Stable) ±0.1754

Growth Streaks & Declines

Trends

Between 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 1.2553 points.

Longest Streak 10 Mo.

Sharpest MoM Drop -1.2553

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2024: 16.0385) against the same month in 2023 (average: 11.9427), the exchange rate shifted by +4.0957 (+34.29%).

2024 Avg (November) 16.0385

2023 Avg (November) 11.9427

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	12.3519	11.9022	12.0455
February	12.6525	12.3600	12.4609
March	13.2500	12.6583	12.9368
April	13.6616	13.2466	13.4415
May	14.8000	13.6817	14.2082
June	15.2584	14.7391	15.0438
July	15.5471	15.3000	15.4277
August	15.7083	15.4387	15.6016
September	15.7930	15.6176	15.7022
October	16.3082	15.8158	16.0138
November	16.4765	15.3215	16.0385
December	15.3572	14.6413	14.7832