2024 DOP to GHS Historical Review

YEARLY HIGH

0.2722 GHS

YEARLY LOW

0.2033 GHS

YEARLY AVERAGE

0.2434 GHS

2024 DOP to GHS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the DOP to GHS exchange rate experienced significant fluctuation. The market reached its absolute peak on November 12, valuing the pair at 0.2722. Conversely, the yearly low was recorded on January 9, dropping to 0.2033.

This high-to-low spread represents a total annual volatility of 0.0689 GHS. From a start-to-finish perspective, comparing the January average rate of 0.2056 to the December average rate of 0.2436, the exchange rate registered a net change of 18.49% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.2722 was up 17.60% compared to the 2023 peak of 0.2315, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 1,361 GHS

2023 Average 1,044 GHS

Yearly Trough Low 1,017 GHS

Transaction Impact: A difference of 344.60 GHS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.2718

0.1995

JanuMarcMayJulySeptNove

DOP 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 0.2269, compared to 0.2598 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0329 points.

H1 Avg (Jan–Jun) 0.2269

H2 Avg (Jul–Dec) 0.2598

Volatility Range Comparison

Volatility

The most volatile month in 2024 was November, with a trading range of 0.0180 GHS (High: 0.2722 / Low: 0.2542). On the other end, September was the most stable month, with a tight range of 0.0018 GHS (High: 0.2626 / Low: 0.2608).

November Spread (Volatile) ±0.0180

September Spread (Stable) ±0.0018

Growth Streaks & Declines

Trends

Between January and August, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 7 straight months. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 0.0222 points.

Longest Streak 7 Mo.

Sharpest MoM Drop -0.0222

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2024: 0.2658) against the same month in 2023 (average: 0.2104), the exchange rate shifted by +0.0553 (+26.30%).

2024 Avg (November) 0.2658

2023 Avg (November) 0.2104

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.2097	0.2033	0.2056
February	0.2154	0.2103	0.2123
March	0.2237	0.2156	0.2192
April	0.2334	0.2236	0.2275
May	0.2498	0.2354	0.2430
June	0.2582	0.2487	0.2539
July	0.2621	0.2589	0.2608
August	0.2638	0.2608	0.2618
September	0.2626	0.2608	0.2617
October	0.2703	0.2613	0.2654
November	0.2722	0.2542	0.2658
December	0.2547	0.2406	0.2436