2024 GHS to AOA Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 GHS to AOA Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the GHS to AOA exchange rate experienced significant fluctuation. The market reached its absolute peak on January 6, valuing the pair at 69.8192. Conversely, the yearly low was recorded on November 10, dropping to 55.3123.
This high-to-low spread represents a total annual volatility of 14.5069 AOA. From a start-to-finish perspective, comparing the January average rate of 68.9509 to the December average rate of 61.7890, the exchange rate registered a net change of -10.39% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2024 high of 69.8192 was down 5.77% compared to the 2023 peak of 74.0924, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 GHS based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
GHS to AOA Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 63.0819, compared to 58.0763 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 5.0055 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was October, with a trading range of 4.4281 AOA (High: 60.3510 / Low: 55.9229). On the other end, July was the most stable month, with a tight range of 0.9896 AOA (High: 57.0137 / Low: 56.0242).
Growth Streaks & Declines
TrendsBetween July and September, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between April and May, when the average rate fell by 2.8128 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (January 2024: 68.9509) against the same month in 2023 (average: 44.4304), the exchange rate shifted by +24.5205 (+55.19%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 69.8192 | 67.3697 | 68.9509 |
| February | 67.2323 | 65.6657 | 66.6917 |
| March | 65.7274 | 63.1081 | 64.5101 |
| April | 62.9913 | 61.0866 | 62.1679 |
| May | 61.1034 | 57.8716 | 59.3551 |
| June | 58.1107 | 55.9448 | 56.8155 |
| July | 57.0137 | 56.0242 | 56.5073 |
| August | 58.1541 | 56.1786 | 57.0106 |
| September | 59.7852 | 58.3368 | 59.0951 |
| October | 60.3510 | 55.9229 | 57.1662 |
| November | 59.5894 | 55.3123 | 56.8897 |
| December | 62.6994 | 59.4071 | 61.7890 |