2024 GHS to HKD Historical Review

YEARLY HIGH

0.6563 HKD

YEARLY LOW

0.4719 HKD

YEARLY AVERAGE

0.5443 HKD

2024 GHS to HKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the GHS to HKD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 6, valuing the pair at 0.6563. Conversely, the yearly low was recorded on November 10, dropping to 0.4719.

This high-to-low spread represents a total annual volatility of 0.1844 HKD. From a start-to-finish perspective, comparing the January average rate of 0.6490 to the December average rate of 0.5259, the exchange rate registered a net change of -18.97% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.6563 was down 29.79% compared to the 2023 peak of 0.9348, 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 3,282 HKD

2023 Average 3,357 HKD

Yearly Trough Low 2,360 HKD

Transaction Impact: A difference of 921.99 HKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.6654

0.4688

JanuMarcMayJulySeptNove

GHS to HKD 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 0.5889, compared to 0.4998 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0892 points.

H1 Avg (Jan–Jun) 0.5889

H2 Avg (Jul–Dec) 0.4998

Volatility Range Comparison

Volatility

The most volatile month in 2024 was May, with a trading range of 0.0428 HKD (High: 0.5710 / Low: 0.5283). On the other end, September was the most stable month, with a tight range of 0.0063 HKD (High: 0.4992 / Low: 0.4929).

May Spread (Volatile) ±0.0428

September Spread (Stable) ±0.0063

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 0.0325 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0325

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2024: 0.6490) against the same month in 2023 (average: 0.6896), the exchange rate shifted by -0.0406 (-5.89%).

2024 Avg (January) 0.6490

2023 Avg (January) 0.6896

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.6563	0.6329	0.6490
February	0.6329	0.6187	0.6277
March	0.6185	0.5907	0.6049
April	0.5908	0.5727	0.5826
May	0.5710	0.5283	0.5501
June	0.5305	0.5118	0.5192
July	0.5106	0.5025	0.5062
August	0.5056	0.4964	0.4998
September	0.4992	0.4929	0.4962
October	0.4913	0.4765	0.4852
November	0.5079	0.4719	0.4853
December	0.5310	0.5067	0.5259