2024 EGP to GHS Historical Review

YEARLY HIGH

0.4127 GHS

YEARLY LOW

0.2572 GHS

YEARLY AVERAGE

0.3245 GHS

2024 EGP to GHS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the EGP to GHS exchange rate experienced significant fluctuation. The market reached its absolute peak on March 5, valuing the pair at 0.4127. Conversely, the yearly low was recorded on March 7, dropping to 0.2572.

This high-to-low spread represents a total annual volatility of 0.1555 GHS. From a start-to-finish perspective, comparing the January average rate of 0.3900 to the December average rate of 0.2924, the exchange rate registered a net change of -25.02% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.4127 was down 1.99% compared to the 2023 peak of 0.4211, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 2,064 GHS

2023 Average 1,907 GHS

Yearly Trough Low 1,286 GHS

Transaction Impact: A difference of 777.30 GHS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.4153

0.2690

JanuMarcMayJulySeptNove

EGP 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 0.3307, compared to 0.3184 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0123 points.

H1 Avg (Jan–Jun) 0.3307

H2 Avg (Jul–Dec) 0.3184

Volatility Range Comparison

Volatility

The most volatile month in 2024 was March, with a trading range of 0.1555 GHS (High: 0.4127 / Low: 0.2572). On the other end, September was the most stable month, with a tight range of 0.0045 GHS (High: 0.3266 / Low: 0.3221).

March Spread (Volatile) ±0.1555

September Spread (Stable) ±0.0045

Growth Streaks & Declines

Trends

Between April and July, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 0.1092 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.1092

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2024: 0.2939) against the same month in 2023 (average: 0.4003), the exchange rate shifted by -0.1063 (-26.57%).

2024 Avg (March) 0.2939

2023 Avg (March) 0.4003

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.3995	0.3855	0.3900
February	0.4096	0.4000	0.4031
March	0.4127	0.2572	0.2939
April	0.2854	0.2770	0.2812
May	0.3135	0.2857	0.3006
June	0.3180	0.3118	0.3153
July	0.3216	0.3168	0.3202
August	0.3231	0.3157	0.3190
September	0.3266	0.3221	0.3241
October	0.3346	0.3269	0.3296
November	0.3351	0.3091	0.3249
December	0.3087	0.2877	0.2924