2024 DKK to GHS Historical Review

YEARLY HIGH

2.4047 GHS

YEARLY LOW

1.7459 GHS

YEARLY AVERAGE

2.0999 GHS

2024 DKK to GHS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the DKK to GHS exchange rate experienced significant fluctuation. The market reached its absolute peak on November 5, valuing the pair at 2.4047. Conversely, the yearly low was recorded on January 9, dropping to 1.7459.

This high-to-low spread represents a total annual volatility of 0.6588 GHS. From a start-to-finish perspective, comparing the January average rate of 1.7619 to the December average rate of 2.0756, the exchange rate registered a net change of 17.80% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 2.4047 was up 30.99% compared to the 2023 peak of 1.8358, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 12,023 GHS

2023 Average 8,482 GHS

Yearly Trough Low 8,730 GHS

Transaction Impact: A difference of 3,293.93 GHS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

2.3968

1.7042

JanuMarcMayJulySeptNove

DKK 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 1.9353, compared to 2.2645 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.3291 points.

H1 Avg (Jan–Jun) 1.9353

H2 Avg (Jul–Dec) 2.2645

Volatility Range Comparison

Volatility

The most volatile month in 2024 was November, with a trading range of 0.2316 GHS (High: 2.4047 / Low: 2.1731). On the other end, April was the most stable month, with a tight range of 0.0468 GHS (High: 1.9537 / Low: 1.9069).

November Spread (Volatile) ±0.2316

April Spread (Stable) ±0.0468

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 0.2098 points.

Longest Streak 9 Mo.

Sharpest MoM Drop -0.2098

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2024: 2.2854) against the same month in 2023 (average: 1.7326), the exchange rate shifted by +0.5528 (+31.91%).

2024 Avg (November) 2.2854

2023 Avg (November) 1.7326

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.7967	1.7459	1.7619
February	1.8342	1.7824	1.8041
March	1.9172	1.8407	1.8852
April	1.9537	1.9069	1.9317
May	2.1529	1.9688	2.0592
June	2.1931	2.1440	2.1700
July	2.2608	2.2024	2.2440
August	2.3480	2.2472	2.3047
September	2.3650	2.3130	2.3382
October	2.3739	2.3225	2.3391
November	2.4047	2.1731	2.2854
December	2.1709	2.0393	2.0756