2024 GHS to BBD Historical Review

YEARLY HIGH

0.1680 BBD

YEARLY LOW

0.1214 BBD

YEARLY AVERAGE

0.1395 BBD

2024 GHS to BBD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the GHS to BBD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 6, valuing the pair at 0.1680. Conversely, the yearly low was recorded on November 10, dropping to 0.1214.

This high-to-low spread represents a total annual volatility of 0.0467 BBD. From a start-to-finish perspective, comparing the January average rate of 0.1661 to the December average rate of 0.1353, the exchange rate registered a net change of -18.52% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.1680 was down 29.87% compared to the 2023 peak of 0.2396, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 840 BBD

2023 Average 858 BBD

Yearly Trough Low 607 BBD

Transaction Impact: A difference of 233.26 BBD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.1702

0.1206

JanuMarcMayJulySeptNove

GHS to BBD 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 0.1506, compared to 0.1284 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0223 points.

H1 Avg (Jan–Jun) 0.1506

H2 Avg (Jul–Dec) 0.1284

Volatility Range Comparison

Volatility

The most volatile month in 2024 was May, with a trading range of 0.0110 BBD (High: 0.1462 / Low: 0.1351). On the other end, September was the most stable month, with a tight range of 0.0014 BBD (High: 0.1281 / Low: 0.1266).

May Spread (Volatile) ±0.0110

September Spread (Stable) ±0.0014

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2024. Conversely, the sharpest month-over-month decline occurred between April and May, when the average rate fell by 0.0079 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0079

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2024: 0.1661) against the same month in 2023 (average: 0.1764), the exchange rate shifted by -0.0103 (-5.85%).

2024 Avg (January) 0.1661

2023 Avg (January) 0.1764

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1680	0.1619	0.1661
February	0.1618	0.1581	0.1605
March	0.1580	0.1509	0.1546
April	0.1510	0.1464	0.1488
May	0.1462	0.1351	0.1408
June	0.1357	0.1311	0.1330
July	0.1307	0.1286	0.1296
August	0.1295	0.1273	0.1282
September	0.1281	0.1266	0.1274
October	0.1265	0.1226	0.1249
November	0.1305	0.1214	0.1248
December	0.1366	0.1302	0.1353