2024 GHS to CLP Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 GHS to CLP Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the GHS to CLP exchange rate experienced significant fluctuation. The market reached its absolute peak on February 23, valuing the pair at 79.2081. Conversely, the yearly low was recorded on September 28, dropping to 57.0165.
This high-to-low spread represents a total annual volatility of 22.1916 CLP. From a start-to-finish perspective, comparing the January average rate of 75.4554 to the December average rate of 66.5502, the exchange rate registered a net change of -11.80% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2024 high of 79.2081 was down 22.03% compared to the 2023 peak of 101.5882, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 GHS based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
GHS to CLP Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 70.8720, compared to 60.8241 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 10.0478 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was May, with a trading range of 9.0240 CLP (High: 70.1345 / Low: 61.1104). On the other end, June was the most stable month, with a tight range of 1.9143 CLP (High: 62.5832 / Low: 60.6689).
Growth Streaks & Declines
TrendsBetween 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 6.5690 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (February 2024: 77.5333) against the same month in 2023 (average: 64.1680), the exchange rate shifted by +13.3652 (+20.83%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 77.0255 | 73.6090 | 75.4554 |
| February | 79.2081 | 75.5216 | 77.5333 |
| March | 77.6568 | 72.8796 | 74.7699 |
| April | 74.3948 | 69.3800 | 71.1566 |
| May | 70.1345 | 61.1104 | 64.5876 |
| June | 62.5832 | 60.6689 | 61.7290 |
| July | 61.7535 | 58.7859 | 60.5943 |
| August | 61.4940 | 57.8733 | 59.5641 |
| September | 60.6271 | 57.0165 | 58.9955 |
| October | 59.4001 | 57.1571 | 58.5762 |
| November | 63.5609 | 58.0644 | 60.6645 |
| December | 67.7313 | 63.3602 | 66.5502 |