2024 GHS to DKK Historical Review

YEARLY HIGH

0.5728 DKK

YEARLY LOW

0.4159 DKK

YEARLY AVERAGE

0.4810 DKK

2024 GHS to DKK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the GHS to DKK exchange rate experienced significant fluctuation. The market reached its absolute peak on January 9, valuing the pair at 0.5728. Conversely, the yearly low was recorded on November 5, dropping to 0.4159.

This high-to-low spread represents a total annual volatility of 0.1569 DKK. From a start-to-finish perspective, comparing the January average rate of 0.5676 to the December average rate of 0.4819, the exchange rate registered a net change of -15.10% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.5728 was down 31.18% compared to the 2023 peak of 0.8323, 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 2,864 DKK

2023 Average 2,954 DKK

Yearly Trough Low 2,079 DKK

Transaction Impact: A difference of 784.58 DKK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.5816

0.4135

JanuMarcMayJulySeptNove

GHS to DKK 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 0.5195, compared to 0.4425 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0770 points.

H1 Avg (Jan–Jun) 0.5195

H2 Avg (Jul–Dec) 0.4425

Volatility Range Comparison

Volatility

The most volatile month in 2024 was November, with a trading range of 0.0443 DKK (High: 0.4602 / Low: 0.4159). On the other end, October was the most stable month, with a tight range of 0.0093 DKK (High: 0.4306 / Low: 0.4213).

November Spread (Volatile) ±0.0443

October Spread (Stable) ±0.0093

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 0.0317 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0317

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2024: 0.5676) against the same month in 2023 (average: 0.6088), the exchange rate shifted by -0.0412 (-6.77%).

2024 Avg (January) 0.5676

2023 Avg (January) 0.6088

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.5728	0.5566	0.5676
February	0.5610	0.5452	0.5543
March	0.5433	0.5216	0.5305
April	0.5244	0.5119	0.5177
May	0.5079	0.4645	0.4860
June	0.4664	0.4560	0.4609
July	0.4540	0.4423	0.4457
August	0.4450	0.4259	0.4339
September	0.4323	0.4228	0.4277
October	0.4306	0.4213	0.4275
November	0.4602	0.4159	0.4380
December	0.4904	0.4606	0.4819