2024 GHS to GNF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 GHS to GNF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the GHS to GNF exchange rate experienced significant fluctuation. The market reached its absolute peak on January 6, valuing the pair at 722.1558. Conversely, the yearly low was recorded on November 10, dropping to 525.6656.
This high-to-low spread represents a total annual volatility of 196.4902 GNF. From a start-to-finish perspective, comparing the January average rate of 713.6303 to the December average rate of 583.8975, the exchange rate registered a net change of -18.18% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2024 high of 722.1558 was down 30.55% compared to the 2023 peak of 1039.8896, 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 GNF 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 647.4588, compared to 553.6807 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 93.7781 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was May, with a trading range of 46.6443 GNF (High: 627.3876 / Low: 580.7432). On the other end, August was the most stable month, with a tight range of 4.5417 GNF (High: 554.7186 / Low: 550.1769).
Growth Streaks & Declines
TrendsNo sustained consecutive month-over-month growth streak of 2+ months occurred in 2024. Conversely, the sharpest month-over-month decline occurred between April and May, when the average rate fell by 33.9859 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (January 2024: 713.6303) against the same month in 2023 (average: 764.5045), the exchange rate shifted by -50.8742 (-6.65%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 722.1558 | 696.0829 | 713.6303 |
| February | 698.2232 | 679.5199 | 690.3804 |
| March | 679.3937 | 648.6792 | 664.3851 |
| April | 648.7022 | 629.5039 | 639.1663 |
| May | 627.3876 | 580.7432 | 605.1804 |
| June | 583.2041 | 564.0560 | 572.0105 |
| July | 562.0915 | 554.2483 | 558.0207 |
| August | 554.7186 | 550.1769 | 552.3567 |
| September | 552.4233 | 546.6696 | 550.2795 |
| October | 548.5028 | 529.2634 | 539.4312 |
| November | 561.4937 | 525.6656 | 538.0987 |
| December | 589.0665 | 560.5410 | 583.8975 |