2024 GHS to EUR Historical Review

YEARLY HIGH

0.0768 EUR

YEARLY LOW

0.0558 EUR

YEARLY AVERAGE

0.0645 EUR

2024 GHS to EUR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the GHS to EUR exchange rate experienced significant fluctuation. The market reached its absolute peak on January 9, valuing the pair at 0.0768. Conversely, the yearly low was recorded on November 5, dropping to 0.0558.

This high-to-low spread represents a total annual volatility of 0.0210 EUR. From a start-to-finish perspective, comparing the January average rate of 0.0761 to the December average rate of 0.0646, 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 0.0768 was down 31.37% compared to the 2023 peak of 0.1119, 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 384 EUR

2023 Average 396 EUR

Yearly Trough Low 279 EUR

Transaction Impact: A difference of 105.21 EUR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.0780

0.0554

JanuMarcMayJulySeptNove

GHS to EUR 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 0.0696, compared to 0.0593 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0103 points.

H1 Avg (Jan–Jun) 0.0696

H2 Avg (Jul–Dec) 0.0593

Volatility Range Comparison

Volatility

The most volatile month in 2024 was November, with a trading range of 0.0059 EUR (High: 0.0617 / Low: 0.0558). On the other end, September was the most stable month, with a tight range of 0.0012 EUR (High: 0.0579 / Low: 0.0567).

November Spread (Volatile) ±0.0059

September Spread (Stable) ±0.0012

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 0.0043 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0043

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2024: 0.0761) against the same month in 2023 (average: 0.0818), the exchange rate shifted by -0.0057 (-7.00%).

2024 Avg (January) 0.0761

2023 Avg (January) 0.0818

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0768	0.0747	0.0761
February	0.0752	0.0731	0.0743
March	0.0728	0.0699	0.0711
April	0.0703	0.0686	0.0694
May	0.0681	0.0622	0.0651
June	0.0625	0.0611	0.0618
July	0.0609	0.0593	0.0597
August	0.0596	0.0570	0.0581
September	0.0579	0.0567	0.0573
October	0.0577	0.0565	0.0573
November	0.0617	0.0558	0.0587
December	0.0657	0.0618	0.0646