2024 GHS to ARS Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 GHS to ARS Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the GHS to ARS exchange rate experienced significant fluctuation. The market reached its absolute peak on December 30, valuing the pair at 70.1773. Conversely, the yearly low was recorded on July 7, dropping to 59.2909.
This high-to-low spread represents a total annual volatility of 10.8865 ARS. From a start-to-finish perspective, comparing the January average rate of 67.8875 to the December average rate of 69.0005, the exchange rate registered a net change of 1.64% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2024 high of 70.1773 was up 3.75% compared to the 2023 peak of 67.6376, 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 ARS 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 64.5928, compared to 62.2833 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 2.3094 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was November, with a trading range of 5.6006 ARS (High: 65.9413 / Low: 60.3407). On the other end, September was the most stable month, with a tight range of 0.5979 ARS (High: 61.4351 / Low: 60.8372).
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 May and June, when the average rate fell by 2.2853 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2024: 69.0005) against the same month in 2023 (average: 52.5646), the exchange rate shifted by +16.4359 (+31.27%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 68.3698 | 66.8473 | 67.8875 |
| February | 67.7078 | 66.5738 | 66.9396 |
| March | 66.6652 | 64.6345 | 65.7538 |
| April | 65.0528 | 64.2018 | 64.5614 |
| May | 64.1909 | 60.4099 | 62.3497 |
| June | 60.7736 | 59.6508 | 60.0645 |
| July | 60.0967 | 59.2909 | 59.7614 |
| August | 60.7677 | 59.8663 | 60.2897 |
| September | 61.4351 | 60.8372 | 61.1561 |
| October | 61.5049 | 60.6291 | 61.1537 |
| November | 65.9413 | 60.3407 | 62.3386 |
| December | 70.1773 | 65.8500 | 69.0005 |