2024 GHS to CDF Historical Review

YEARLY HIGH

229.3288 CDF

YEARLY LOW

173.4955 CDF

YEARLY AVERAGE

196.0554 CDF

2024 GHS to CDF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the GHS to CDF exchange rate experienced significant fluctuation. The market reached its absolute peak on January 13, valuing the pair at 229.3288. Conversely, the yearly low was recorded on November 5, dropping to 173.4955.

This high-to-low spread represents a total annual volatility of 55.8333 CDF. From a start-to-finish perspective, comparing the January average rate of 225.9812 to the December average rate of 193.0907, the exchange rate registered a net change of -14.55% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 229.3288 was down 6.30% compared to the 2023 peak of 244.7547, 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 1,146,644 CDF

2023 Average 1,002,485 CDF

Yearly Trough Low 867,478 CDF

Transaction Impact: A difference of 279,166.46 CDF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

230.7477

173.5496

JanuMarcMayJulySeptNove

GHS to CDF 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 209.0799, compared to 183.0309 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 26.0490 points.

H1 Avg (Jan–Jun) 209.0799

H2 Avg (Jul–Dec) 183.0309

Volatility Range Comparison

Volatility

The most volatile month in 2024 was May, with a trading range of 13.3590 CDF (High: 203.8659 / Low: 190.5069). On the other end, September was the most stable month, with a tight range of 2.2351 CDF (High: 182.6285 / Low: 180.3934).

May Spread (Volatile) ±13.3590

September Spread (Stable) ±2.2351

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 10.8304 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -10.8304

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2024: 225.9812) against the same month in 2023 (average: 180.6432), the exchange rate shifted by +45.3379 (+25.10%).

2024 Avg (January) 225.9812

2023 Avg (January) 180.6432

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	229.3288	221.4821	225.9812
February	223.4343	218.5331	221.2009
March	218.8280	209.8097	214.4840
April	212.8428	204.4468	207.6934
May	203.8659	190.5069	196.8630
June	190.5418	186.3590	188.2572
July	186.5081	182.4253	184.3357
August	184.8875	180.1917	182.6075
September	182.6285	180.3934	181.3953
October	180.5712	176.3145	178.3161
November	186.1860	173.4955	178.4401
December	195.6174	186.3506	193.0907