2024 GHS to DJF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 GHS to DJF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the GHS to DJF exchange rate experienced significant fluctuation. The market reached its absolute peak on January 4, valuing the pair at 14.9359. Conversely, the yearly low was recorded on November 12, dropping to 10.8333.
This high-to-low spread represents a total annual volatility of 4.1026 DJF. From a start-to-finish perspective, comparing the January average rate of 14.7717 to the December average rate of 12.0328, the exchange rate registered a net change of -18.54% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2024 high of 14.9359 was down 29.86% compared to the 2023 peak of 21.2959, 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 DJF 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 13.3929, compared to 11.4122 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 1.9807 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was May, with a trading range of 1.0195 DJF (High: 12.9790 / Low: 11.9595). On the other end, September was the most stable month, with a tight range of 0.1073 DJF (High: 11.3776 / Low: 11.2703).
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 April and May, when the average rate fell by 0.7157 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (January 2024: 14.7717) against the same month in 2023 (average: 15.6753), the exchange rate shifted by -0.9036 (-5.76%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 14.9359 | 14.3993 | 14.7717 |
| February | 14.3880 | 14.0495 | 14.2804 |
| March | 14.0298 | 13.4210 | 13.7431 |
| April | 13.4043 | 13.0118 | 13.2288 |
| May | 12.9790 | 11.9595 | 12.5131 |
| June | 12.0715 | 11.6486 | 11.8204 |
| July | 11.6013 | 11.4338 | 11.5263 |
| August | 11.4436 | 11.2882 | 11.3837 |
| September | 11.3776 | 11.2703 | 11.3310 |
| October | 11.2559 | 10.9002 | 11.1064 |
| November | 11.6005 | 10.8333 | 11.0932 |
| December | 12.1304 | 11.5704 | 12.0328 |