2024 GHS to CVE Historical Review

YEARLY HIGH

8.4754 CVE

YEARLY LOW

6.1720 CVE

YEARLY AVERAGE

7.1154 CVE

2024 GHS to CVE Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the GHS to CVE exchange rate experienced significant fluctuation. The market reached its absolute peak on January 5, valuing the pair at 8.4754. Conversely, the yearly low was recorded on November 5, dropping to 6.1720.

This high-to-low spread represents a total annual volatility of 2.3034 CVE. From a start-to-finish perspective, comparing the January average rate of 8.3971 to the December average rate of 7.1200, the exchange rate registered a net change of -15.21% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 8.4754 was down 31.51% compared to the 2023 peak of 12.3747, 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 42,377 CVE

2023 Average 43,773 CVE

Yearly Trough Low 30,860 CVE

Transaction Impact: A difference of 11,516.93 CVE purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

8.6042

6.1186

JanuMarcMayJulySeptNove

GHS to CVE 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 7.6855, compared to 6.5453 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 1.1402 points.

H1 Avg (Jan–Jun) 7.6855

H2 Avg (Jul–Dec) 6.5453

Volatility Range Comparison

Volatility

The most volatile month in 2024 was May, with a trading range of 0.6787 CVE (High: 7.5740 / Low: 6.8953). On the other end, October was the most stable month, with a tight range of 0.1061 CVE (High: 6.3578 / Low: 6.2518).

May Spread (Volatile) ±0.6787

October Spread (Stable) ±0.1061

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 0.4471 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.4471

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2024: 8.3971) against the same month in 2023 (average: 9.0461), the exchange rate shifted by -0.6490 (-7.17%).

2024 Avg (January) 8.3971

2023 Avg (January) 9.0461

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	8.4754	8.2316	8.3971
February	8.3228	8.0690	8.2080
March	8.0671	7.7146	7.8513
April	7.7543	7.5264	7.6428
May	7.5740	6.8953	7.1957
June	6.8924	6.7515	6.8179
July	6.7353	6.5360	6.5921
August	6.5949	6.3306	6.4307
September	6.3924	6.2631	6.3295
October	6.3578	6.2518	6.3257
November	6.8006	6.1720	6.4738
December	7.2291	6.7946	7.1200