2024 GHS to CRC Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 GHS to CRC Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the GHS to CRC exchange rate experienced significant fluctuation. The market reached its absolute peak on January 6, valuing the pair at 43.6201. Conversely, the yearly low was recorded on November 7, dropping to 31.1466.
This high-to-low spread represents a total annual volatility of 12.4736 CRC. From a start-to-finish perspective, comparing the January average rate of 42.9259 to the December average rate of 34.2210, the exchange rate registered a net change of -20.28% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2024 high of 43.6201 was down 38.47% compared to the 2023 peak of 70.8892, 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 CRC 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 38.6948, compared to 33.1920 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 5.5028 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was March, with a trading range of 2.4761 CRC (High: 40.4286 / Low: 37.9525). On the other end, September was the most stable month, with a tight range of 0.8002 CRC (High: 33.5968 / Low: 32.7967).
Growth Streaks & Declines
TrendsNo sustained consecutive month-over-month growth streak of 2+ months occurred in 2024. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 2.0715 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (January 2024: 42.9259) against the same month in 2023 (average: 50.7896), the exchange rate shifted by -7.8637 (-15.48%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 43.6201 | 41.3757 | 42.9259 |
| February | 41.9213 | 40.4835 | 41.3909 |
| March | 40.4286 | 37.9525 | 39.3193 |
| April | 37.9873 | 36.8953 | 37.5013 |
| May | 37.2524 | 35.1250 | 36.0967 |
| June | 35.5672 | 34.2829 | 34.9348 |
| July | 34.7727 | 33.8645 | 34.1332 |
| August | 34.0339 | 33.1287 | 33.6290 |
| September | 33.5968 | 32.7967 | 33.0830 |
| October | 32.7932 | 31.4441 | 32.2425 |
| November | 33.1072 | 31.1466 | 31.8433 |
| December | 34.6502 | 33.0302 | 34.2210 |