2024 GHS to BOB Historical Review

YEARLY HIGH

0.5805 BOB

YEARLY LOW

0.4214 BOB

YEARLY AVERAGE

0.4821 BOB

2024 GHS to BOB Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the GHS to BOB exchange rate experienced significant fluctuation. The market reached its absolute peak on January 6, valuing the pair at 0.5805. Conversely, the yearly low was recorded on November 5, dropping to 0.4214.

This high-to-low spread represents a total annual volatility of 0.1591 BOB. From a start-to-finish perspective, comparing the January average rate of 0.5736 to the December average rate of 0.4675, the exchange rate registered a net change of -18.50% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.5805 was down 29.88% compared to the 2023 peak of 0.8279, 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 2,903 BOB

2023 Average 2,962 BOB

Yearly Trough Low 2,107 BOB

Transaction Impact: A difference of 795.58 BOB purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.5878

0.4174

JanuMarcMayJulySeptNove

GHS to BOB 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 0.5206, compared to 0.4436 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0769 points.

H1 Avg (Jan–Jun) 0.5206

H2 Avg (Jul–Dec) 0.4436

Volatility Range Comparison

Volatility

The most volatile month in 2024 was May, with a trading range of 0.0371 BOB (High: 0.5047 / Low: 0.4677). On the other end, August was the most stable month, with a tight range of 0.0039 BOB (High: 0.4448 / Low: 0.4409).

May Spread (Volatile) ±0.0371

August Spread (Stable) ±0.0039

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 0.0283 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0283

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2024: 0.5736) against the same month in 2023 (average: 0.6094), the exchange rate shifted by -0.0358 (-5.87%).

2024 Avg (January) 0.5736

2023 Avg (January) 0.6094

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.5805	0.5592	0.5736
February	0.5594	0.5464	0.5548
March	0.5449	0.5225	0.5342
April	0.5233	0.5060	0.5149
May	0.5047	0.4677	0.4866
June	0.4695	0.4531	0.4594
July	0.4516	0.4443	0.4478
August	0.4448	0.4409	0.4426
September	0.4418	0.4376	0.4403
October	0.4369	0.4241	0.4321
November	0.4502	0.4214	0.4316
December	0.4718	0.4491	0.4675