2024 GHS to ETB Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 GHS to ETB Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the GHS to ETB exchange rate experienced significant fluctuation. The market reached its absolute peak on December 31, valuing the pair at 8.7020. Conversely, the yearly low was recorded on July 21, dropping to 3.7153.
This high-to-low spread represents a total annual volatility of 4.9868 ETB. From a start-to-finish perspective, comparing the January average rate of 4.6848 to the December average rate of 8.5681, the exchange rate registered a net change of 82.89% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2024 high of 8.7020 was up 35.47% compared to the 2023 peak of 6.4235, 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 ETB 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 4.2848, compared to 6.9096 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 2.6248 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was August, with a trading range of 2.1486 ETB (High: 7.2183 / Low: 5.0697). On the other end, April was the most stable month, with a tight range of 0.0935 ETB (High: 4.2911 / Low: 4.1976).
Growth Streaks & Declines
TrendsBetween July and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between May and June, when the average rate fell by 0.2145 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2024: 8.5681) against the same month in 2023 (average: 4.6715), the exchange rate shifted by +3.8966 (+83.41%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 4.7440 | 4.5562 | 4.6848 |
| February | 4.5810 | 4.4849 | 4.5443 |
| March | 4.4872 | 4.2890 | 4.3862 |
| April | 4.2911 | 4.1976 | 4.2336 |
| May | 4.1839 | 3.8750 | 4.0373 |
| June | 3.8964 | 3.7818 | 3.8228 |
| July | 4.8514 | 3.7153 | 3.7755 |
| August | 7.2183 | 5.0697 | 6.5947 |
| September | 7.6217 | 7.0491 | 7.3534 |
| October | 7.6293 | 7.3717 | 7.5170 |
| November | 8.2337 | 7.3541 | 7.6489 |
| December | 8.7020 | 8.1891 | 8.5681 |