2024 GHS to CNY Historical Review

YEARLY HIGH

0.5995 CNY

YEARLY LOW

0.4331 CNY

YEARLY AVERAGE

0.5006 CNY

2024 GHS to CNY Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the GHS to CNY exchange rate experienced significant fluctuation. The market reached its absolute peak on January 10, valuing the pair at 0.5995. Conversely, the yearly low was recorded on November 5, dropping to 0.4331.

This high-to-low spread represents a total annual volatility of 0.1665 CNY. From a start-to-finish perspective, comparing the January average rate of 0.5904 to the December average rate of 0.4926, the exchange rate registered a net change of -16.56% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.5995 was down 27.45% compared to the 2023 peak of 0.8264, 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 2,998 CNY

2023 Average 3,034 CNY

Yearly Trough Low 2,165 CNY

Transaction Impact: A difference of 832.37 CNY purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.6052

0.4280

JanuMarcMayJulySeptNove

GHS to CNY 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 0.5406, compared to 0.4606 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0799 points.

H1 Avg (Jan–Jun) 0.5406

H2 Avg (Jul–Dec) 0.4606

Volatility Range Comparison

Volatility

The most volatile month in 2024 was May, with a trading range of 0.0488 CNY (High: 0.5290 / Low: 0.4802). On the other end, October was the most stable month, with a tight range of 0.0102 CNY (High: 0.4465 / Low: 0.4363).

May Spread (Volatile) ±0.0488

October Spread (Stable) ±0.0102

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 0.0330 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0330

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2024: 0.5904) against the same month in 2023 (average: 0.5993), the exchange rate shifted by -0.0090 (-1.49%).

2024 Avg (January) 0.5904

2023 Avg (January) 0.5993

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.5995	0.5750	0.5904
February	0.5814	0.5681	0.5744
March	0.5685	0.5450	0.5564
April	0.5459	0.5291	0.5378
May	0.5290	0.4802	0.5048
June	0.4877	0.4728	0.4797
July	0.4750	0.4620	0.4704
August	0.4660	0.4518	0.4580
September	0.4554	0.4443	0.4505
October	0.4465	0.4363	0.4427
November	0.4726	0.4331	0.4495
December	0.4983	0.4716	0.4926