2024 CVE to GHS Historical Review

YEARLY HIGH

0.1620 GHS

YEARLY LOW

0.1180 GHS

YEARLY AVERAGE

0.1419 GHS

2024 CVE to GHS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the CVE to GHS exchange rate experienced significant fluctuation. The market reached its absolute peak on November 5, valuing the pair at 0.1620. Conversely, the yearly low was recorded on January 5, dropping to 0.1180.

This high-to-low spread represents a total annual volatility of 0.0440 GHS. From a start-to-finish perspective, comparing the January average rate of 0.1191 to the December average rate of 0.1405, the exchange rate registered a net change of 17.96% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.1620 was up 30.60% compared to the 2023 peak of 0.1241, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 810 GHS

2023 Average 572 GHS

Yearly Trough Low 590 GHS

Transaction Impact: A difference of 220.17 GHS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.1620

0.1152

JanuMarcMayJulySeptNove

CVE 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 0.1308, compared to 0.1531 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0222 points.

H1 Avg (Jan–Jun) 0.1308

H2 Avg (Jul–Dec) 0.1531

Volatility Range Comparison

Volatility

The most volatile month in 2024 was November, with a trading range of 0.0150 GHS (High: 0.1620 / Low: 0.1470). On the other end, October was the most stable month, with a tight range of 0.0027 GHS (High: 0.1600 / Low: 0.1573).

November Spread (Volatile) ±0.0150

October Spread (Stable) ±0.0027

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 0.0141 points.

Longest Streak 9 Mo.

Sharpest MoM Drop -0.0141

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2024: 0.1546) against the same month in 2023 (average: 0.1168), the exchange rate shifted by +0.0378 (+32.36%).

2024 Avg (November) 0.1546

2023 Avg (November) 0.1168

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1215	0.1180	0.1191
February	0.1239	0.1202	0.1218
March	0.1296	0.1240	0.1274
April	0.1329	0.1290	0.1308
May	0.1450	0.1320	0.1391
June	0.1481	0.1451	0.1467
July	0.1530	0.1485	0.1517
August	0.1580	0.1516	0.1555
September	0.1597	0.1564	0.1580
October	0.1600	0.1573	0.1581
November	0.1620	0.1470	0.1546
December	0.1472	0.1383	0.1405