2024 GHS to CAD Historical Review

YEARLY HIGH

0.1126 CAD

YEARLY LOW

0.0843 CAD

YEARLY AVERAGE

0.0955 CAD

2024 GHS to CAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the GHS to CAD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 17, valuing the pair at 0.1126. Conversely, the yearly low was recorded on November 5, dropping to 0.0843.

This high-to-low spread represents a total annual volatility of 0.0283 CAD. From a start-to-finish perspective, comparing the January average rate of 0.1114 to the December average rate of 0.0965, the exchange rate registered a net change of -13.39% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.1126 was down 30.53% compared to the 2023 peak of 0.1621, 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 563 CAD

2023 Average 579 CAD

Yearly Trough Low 422 CAD

Transaction Impact: A difference of 141.41 CAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.1140

0.0834

JanuMarcMayJulySeptNove

GHS to CAD 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 0.1023, compared to 0.0887 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0135 points.

H1 Avg (Jan–Jun) 0.1023

H2 Avg (Jul–Dec) 0.0887

Volatility Range Comparison

Volatility

The most volatile month in 2024 was May, with a trading range of 0.0081 CAD (High: 0.1002 / Low: 0.0922). On the other end, October was the most stable month, with a tight range of 0.0013 CAD (High: 0.0866 / Low: 0.0853).

May Spread (Volatile) ±0.0081

October Spread (Stable) ±0.0013

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 0.0055 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0055

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2024: 0.1114) against the same month in 2023 (average: 0.1184), the exchange rate shifted by -0.0070 (-5.91%).

2024 Avg (January) 0.1114

2023 Avg (January) 0.1184

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1126	0.1085	0.1114
February	0.1093	0.1072	0.1083
March	0.1073	0.1020	0.1047
April	0.1029	0.1005	0.1018
May	0.1002	0.0922	0.0963
June	0.0926	0.0897	0.0911
July	0.0898	0.0884	0.0889
August	0.0899	0.0859	0.0876
September	0.0869	0.0852	0.0863
October	0.0866	0.0853	0.0859
November	0.0915	0.0843	0.0872
December	0.0984	0.0913	0.0965