2024 GHS to COP Historical Review

YEARLY HIGH

330.6224 COP

YEARLY LOW

255.4068 COP

YEARLY AVERAGE

283.1096 COP

2024 GHS to COP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the GHS to COP exchange rate experienced significant fluctuation. The market reached its absolute peak on January 18, valuing the pair at 330.6224. Conversely, the yearly low was recorded on July 16, dropping to 255.4068.

This high-to-low spread represents a total annual volatility of 75.2155 COP. From a start-to-finish perspective, comparing the January average rate of 325.4326 to the December average rate of 297.0978, the exchange rate registered a net change of -8.71% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 330.6224 was down 42.95% compared to the 2023 peak of 579.5669, 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 1,653,112 COP

2023 Average 1,852,640 COP

Yearly Trough Low 1,277,034 COP

Transaction Impact: A difference of 376,077.74 COP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

331.9766

253.4494

JanuMarcMayJulySeptNove

GHS to COP 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 295.2157, compared to 271.0035 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 24.2122 points.

H1 Avg (Jan–Jun) 295.2157

H2 Avg (Jul–Dec) 271.0035

Volatility Range Comparison

Volatility

The most volatile month in 2024 was May, with a trading range of 24.2844 COP (High: 284.9235 / Low: 260.6391). On the other end, February was the most stable month, with a tight range of 9.3529 COP (High: 320.4001 / Low: 311.0472).

May Spread (Volatile) ±24.2844

February Spread (Stable) ±9.3529

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 15.3840 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -15.3840

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2024: 325.4326) against the same month in 2023 (average: 416.6505), the exchange rate shifted by -91.2179 (-21.89%).

2024 Avg (January) 325.4326

2023 Avg (January) 416.6505

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	330.6224	316.6533	325.4326
February	320.4001	311.0472	315.2441
March	309.7178	291.1070	301.4070
April	292.9322	281.0496	287.5536
May	284.9235	260.6391	272.1696
June	275.8423	258.6719	269.4872
July	270.5507	255.4068	261.7984
August	266.8826	255.7611	259.9934
September	273.9673	262.3548	266.4644
October	271.4771	261.4410	265.8538
November	285.5619	262.9457	274.8135
December	301.3957	285.9306	297.0978