2024 GHS to BIF Historical Review

YEARLY HIGH

240.1241 BIF

YEARLY LOW

176.6068 BIF

YEARLY AVERAGE

201.0606 BIF

2024 GHS to BIF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the GHS to BIF exchange rate experienced significant fluctuation. The market reached its absolute peak on January 6, valuing the pair at 240.1241. Conversely, the yearly low was recorded on November 12, dropping to 176.6068.

This high-to-low spread represents a total annual volatility of 63.5174 BIF. From a start-to-finish perspective, comparing the January average rate of 236.9135 to the December average rate of 199.4276, the exchange rate registered a net change of -15.82% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 240.1241 was down 8.04% compared to the 2023 peak of 261.1111, 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 1,200,621 BIF

2023 Average 1,094,461 BIF

Yearly Trough Low 883,034 BIF

Transaction Impact: A difference of 317,586.88 BIF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

242.4628

175.8703

JanuMarcMayJulySeptNove

GHS to BIF 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 215.6868, compared to 186.4344 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 29.2524 points.

H1 Avg (Jan–Jun) 215.6868

H2 Avg (Jul–Dec) 186.4344

Volatility Range Comparison

Volatility

The most volatile month in 2024 was November, with a trading range of 15.8565 BIF (High: 192.4633 / Low: 176.6068). On the other end, September was the most stable month, with a tight range of 1.6641 BIF (High: 184.9234 / Low: 183.2594).

November Spread (Volatile) ±15.8565

September Spread (Stable) ±1.6641

Growth Streaks & Declines

Trends

Between October and December, 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 11.0850 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -11.0850

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2024: 236.9135) against the same month in 2023 (average: 182.4571), the exchange rate shifted by +54.4564 (+29.85%).

2024 Avg (January) 236.9135

2023 Avg (January) 182.4571

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	240.1241	231.2186	236.9135
February	231.7540	226.1782	229.5086
March	226.4909	216.0403	221.1822
April	216.0476	209.9732	213.1920
May	209.3734	194.2568	202.1070
June	194.7080	188.5527	191.2177
July	188.0433	185.1939	186.6015
August	185.6393	183.8978	184.6346
September	184.9234	183.2594	184.3035
October	185.1900	178.2820	181.4197
November	192.4633	176.6068	182.2197
December	201.7541	191.3149	199.4276