2024 GHS to EGP Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 GHS to EGP Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the GHS to EGP exchange rate experienced significant fluctuation. The market reached its absolute peak on March 7, valuing the pair at 3.8874. Conversely, the yearly low was recorded on March 5, dropping to 2.4231.
This high-to-low spread represents a total annual volatility of 1.4644 EGP. From a start-to-finish perspective, comparing the January average rate of 2.5647 to the December average rate of 3.4213, the exchange rate registered a net change of 33.40% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2024 high of 3.8874 was up 31.09% compared to the 2023 peak of 2.9654, 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 EGP 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 3.0982, compared to 3.1463 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0481 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was March, with a trading range of 1.4644 EGP (High: 3.8874 / Low: 2.4231). On the other end, September was the most stable month, with a tight range of 0.0428 EGP (High: 3.1044 / Low: 3.0616).
Growth Streaks & Declines
TrendsBetween February and April, 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 0.2266 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (March 2024: 3.4853) against the same month in 2023 (average: 2.4995), the exchange rate shifted by +0.9858 (+39.44%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 2.5940 | 2.5030 | 2.5647 |
| February | 2.4999 | 2.4416 | 2.4806 |
| March | 3.8874 | 2.4231 | 3.4853 |
| April | 3.6102 | 3.5039 | 3.5568 |
| May | 3.5006 | 3.1903 | 3.3302 |
| June | 3.2071 | 3.1443 | 3.1714 |
| July | 3.1566 | 3.1091 | 3.1226 |
| August | 3.1680 | 3.0950 | 3.1345 |
| September | 3.1044 | 3.0616 | 3.0854 |
| October | 3.0586 | 2.9887 | 3.0340 |
| November | 3.2355 | 2.9840 | 3.0799 |
| December | 3.4756 | 3.2395 | 3.4213 |