2024 GHS to HUF Historical Review

YEARLY HIGH

29.4983 HUF

YEARLY LOW

22.3721 HUF

YEARLY AVERAGE

25.4663 HUF

2024 GHS to HUF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the GHS to HUF exchange rate experienced significant fluctuation. The market reached its absolute peak on January 23, valuing the pair at 29.4983. Conversely, the yearly low was recorded on September 24, dropping to 22.3721.

This high-to-low spread represents a total annual volatility of 7.1262 HUF. From a start-to-finish perspective, comparing the January average rate of 29.0749 to the December average rate of 26.6181, the exchange rate registered a net change of -8.45% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 29.4983 was down 34.04% compared to the 2023 peak of 44.7226, 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 147,492 HUF

2023 Average 151,326 HUF

Yearly Trough Low 111,861 HUF

Transaction Impact: A difference of 35,630.95 HUF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

29.7193

21.9874

JanuMarcMayJulySeptNove

GHS to HUF 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 27.1460, compared to 23.7865 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 3.3595 points.

H1 Avg (Jan–Jun) 27.1460

H2 Avg (Jul–Dec) 23.7865

Volatility Range Comparison

Volatility

The most volatile month in 2024 was November, with a trading range of 2.6854 HUF (High: 25.4727 / Low: 22.7873). On the other end, October was the most stable month, with a tight range of 0.5047 HUF (High: 23.2409 / Low: 22.7361).

November Spread (Volatile) ±2.6854

October Spread (Stable) ±0.5047

Growth Streaks & Declines

Trends

Between September and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between April and May, when the average rate fell by 2.0173 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -2.0173

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2024: 29.0749) against the same month in 2023 (average: 32.3279), the exchange rate shifted by -3.2529 (-10.06%).

2024 Avg (January) 29.0749

2023 Avg (January) 32.3279

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	29.4983	28.7963	29.0749
February	29.1077	28.4525	28.8470
March	28.7257	27.5404	28.0999
April	27.7545	26.8171	27.2518
May	26.5920	24.1454	25.2344
June	24.7789	24.0497	24.3680
July	24.0313	23.1261	23.4395
August	23.6299	22.4665	22.9564
September	22.9943	22.3721	22.6317
October	23.2409	22.7361	23.0348
November	25.4727	22.7873	24.0386
December	27.2166	25.5341	26.6181