2024 BOB to GHS Historical Review

YEARLY HIGH

2.3730 GHS

YEARLY LOW

1.7226 GHS

YEARLY AVERAGE

2.0941 GHS

2024 BOB to GHS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the BOB to GHS exchange rate experienced significant fluctuation. The market reached its absolute peak on November 5, valuing the pair at 2.3730. Conversely, the yearly low was recorded on January 6, dropping to 1.7226.

This high-to-low spread represents a total annual volatility of 0.6504 GHS. From a start-to-finish perspective, comparing the January average rate of 1.7435 to the December average rate of 2.1394, 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 2.3730 was up 27.11% compared to the 2023 peak of 1.8669, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 11,865 GHS

2023 Average 8,459 GHS

Yearly Trough Low 8,613 GHS

Transaction Impact: A difference of 3,252.10 GHS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

2.3753

1.6860

JanuMarcMayJulySeptNove

BOB 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 1.9323, compared to 2.2559 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.3236 points.

H1 Avg (Jan–Jun) 1.9323

H2 Avg (Jul–Dec) 2.2559

Volatility Range Comparison

Volatility

The most volatile month in 2024 was May, with a trading range of 0.1570 GHS (High: 2.1382 / Low: 1.9812). On the other end, August was the most stable month, with a tight range of 0.0201 GHS (High: 2.2683 / Low: 2.2483).

May Spread (Volatile) ±0.1570

August Spread (Stable) ±0.0201

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 0.1785 points.

Longest Streak 10 Mo.

Sharpest MoM Drop -0.1785

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2024: 2.3179) against the same month in 2023 (average: 1.7304), the exchange rate shifted by +0.5875 (+33.95%).

2024 Avg (November) 2.3179

2023 Avg (November) 1.7304

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.7882	1.7226	1.7435
February	1.8301	1.7876	1.8026
March	1.9139	1.8350	1.8723
April	1.9763	1.9109	1.9422
May	2.1382	1.9812	2.0563
June	2.2070	2.1300	2.1769
July	2.2506	2.2142	2.2332
August	2.2683	2.2483	2.2594
September	2.2854	2.2634	2.2713
October	2.3580	2.2891	2.3144
November	2.3730	2.2214	2.3179
December	2.2266	2.1197	2.1394