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2024 GHS to MOP Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the GHS to MOP exchange rate experienced significant fluctuation. The market reached its absolute peak on January 6, valuing the pair at 0.6759. Conversely, the yearly low was recorded on November 7, dropping to 0.4880.
This high-to-low spread represents a total annual volatility of 0.1879 MOP. From a start-to-finish perspective, comparing the January average rate of 0.6684 to the December average rate of 0.5415, the exchange rate registered a net change of -18.99% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2024 high of 0.6759 was down 29.72% compared to the 2023 peak of 0.9617, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 GHS based on timing:
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GHS to MOP 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: JanâJun) was 0.6065, compared to 0.5147 in the second half (H2: JulâDec). This shows that the rate was stronger in the first half (JanâJun) by a margin of 0.0918 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was May, with a trading range of 0.0442 MOP (High: 0.5882 / Low: 0.5439). On the other end, August was the most stable month, with a tight range of 0.0048 MOP (High: 0.5174 / Low: 0.5126).
Growth Streaks & Declines
TrendsNo sustained consecutive month-over-month growth streak of 2+ months occurred in 2024. Conversely, the sharpest month-over-month decline occurred between April and May, when the average rate fell by 0.0334 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (January 2024: 0.6684) against the same month in 2023 (average: 0.7103), the exchange rate shifted by -0.0419 (-5.89%).
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| Month | High | Low | Average |
|---|---|---|---|
| January | 0.6759 | 0.6514 | 0.6684 |
| February | 0.6524 | 0.6374 | 0.6466 |
| March | 0.6367 | 0.6082 | 0.6227 |
| April | 0.6083 | 0.5899 | 0.5999 |
| May | 0.5882 | 0.5439 | 0.5665 |
| June | 0.5460 | 0.5272 | 0.5348 |
| July | 0.5260 | 0.5174 | 0.5213 |
| August | 0.5174 | 0.5126 | 0.5144 |
| September | 0.5135 | 0.5072 | 0.5112 |
| October | 0.5057 | 0.4913 | 0.5001 |
| November | 0.5223 | 0.4880 | 0.4999 |
| December | 0.5467 | 0.5211 | 0.5415 |