2024 CDF to GHS Historical Review

YEARLY HIGH

0.0058 GHS

YEARLY LOW

0.0044 GHS

YEARLY AVERAGE

0.0051 GHS

2024 CDF to GHS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the CDF to GHS exchange rate experienced significant fluctuation. The market reached its absolute peak on November 5, valuing the pair at 0.0058. Conversely, the yearly low was recorded on January 13, dropping to 0.0044.

This high-to-low spread represents a total annual volatility of 0.0014 GHS. From a start-to-finish perspective, comparing the January average rate of 0.0044 to the December average rate of 0.0052, the exchange rate registered a net change of 17.03% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.0058 was down 8.27% compared to the 2023 peak of 0.0063, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 29 GHS

2023 Average 25 GHS

Yearly Trough Low 22 GHS

Transaction Impact: A difference of 7.02 GHS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.0057

0.0043

JanuMarcMayJulySeptNove

CDF 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 0.0048, compared to 0.0055 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) 0.0048

H2 Avg (Jul–Dec) 0.0055

Volatility Range Comparison

Volatility

The most volatile month in 2024 was November, with a trading range of 0.0004 GHS (High: 0.0058 / Low: 0.0054). On the other end, September was the most stable month, with a tight range of 0.0001 GHS (High: 0.0055 / Low: 0.0055).

November Spread (Volatile) ±0.0004

September Spread (Stable) ±0.0001

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 0.0004 points.

Longest Streak 9 Mo.

Sharpest MoM Drop -0.0004

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2024: 0.0056) against the same month in 2023 (average: 0.0047), the exchange rate shifted by +0.0009 (+19.32%).

2024 Avg (November) 0.0056

2023 Avg (November) 0.0047

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0045	0.0044	0.0044
February	0.0046	0.0045	0.0045
March	0.0048	0.0046	0.0047
April	0.0049	0.0047	0.0048
May	0.0052	0.0049	0.0051
June	0.0054	0.0052	0.0053
July	0.0055	0.0054	0.0054
August	0.0055	0.0054	0.0055
September	0.0055	0.0055	0.0055
October	0.0057	0.0055	0.0056
November	0.0058	0.0054	0.0056
December	0.0054	0.0051	0.0052