2024 GHS to GBP Historical Review

YEARLY HIGH

0.0663 GBP

YEARLY LOW

0.0467 GBP

YEARLY AVERAGE

0.0546 GBP

2024 GHS to GBP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the GHS to GBP exchange rate experienced significant fluctuation. The market reached its absolute peak on January 2, valuing the pair at 0.0663. Conversely, the yearly low was recorded on November 5, dropping to 0.0467.

This high-to-low spread represents a total annual volatility of 0.0195 GBP. From a start-to-finish perspective, comparing the January average rate of 0.0653 to the December average rate of 0.0536, the exchange rate registered a net change of -18.04% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.0663 was down 33.10% compared to the 2023 peak of 0.0990, 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 331 GBP

2023 Average 345 GBP

Yearly Trough Low 234 GBP

Transaction Impact: A difference of 97.56 GBP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.0671

0.0461

JanuMarcMayJulySeptNove

GHS to GBP 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 0.0595, compared to 0.0497 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0098 points.

H1 Avg (Jan–Jun) 0.0595

H2 Avg (Jul–Dec) 0.0497

Volatility Range Comparison

Volatility

The most volatile month in 2024 was May, with a trading range of 0.0052 GBP (High: 0.0582 / Low: 0.0530). On the other end, October was the most stable month, with a tight range of 0.0010 GBP (High: 0.0482 / Low: 0.0473).

May Spread (Volatile) ±0.0052

October Spread (Stable) ±0.0010

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 0.0037 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0037

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2024: 0.0653) against the same month in 2023 (average: 0.0721), the exchange rate shifted by -0.0068 (-9.39%).

2024 Avg (January) 0.0653

2023 Avg (January) 0.0721

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0663	0.0637	0.0653
February	0.0644	0.0626	0.0635
March	0.0624	0.0598	0.0608
April	0.0602	0.0586	0.0595
May	0.0582	0.0530	0.0557
June	0.0533	0.0518	0.0523
July	0.0517	0.0499	0.0504
August	0.0507	0.0483	0.0495
September	0.0489	0.0473	0.0482
October	0.0482	0.0473	0.0479
November	0.0512	0.0467	0.0489
December	0.0544	0.0513	0.0536