2024 GHS to IDR Historical Review

YEARLY HIGH

1305.6591 IDR

YEARLY LOW

949.7014 IDR

YEARLY AVERAGE

1106.3360 IDR

2024 GHS to IDR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the GHS to IDR exchange rate experienced significant fluctuation. The market reached its absolute peak on January 25, valuing the pair at 1305.6591. Conversely, the yearly low was recorded on November 7, dropping to 949.7014.

This high-to-low spread represents a total annual volatility of 355.9577 IDR. From a start-to-finish perspective, comparing the January average rate of 1296.8981 to the December average rate of 1087.0356, the exchange rate registered a net change of -16.18% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 1305.6591 was down 29.93% compared to the 2023 peak of 1863.4034, 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 6,528,296 IDR

2023 Average 6,535,287 IDR

Yearly Trough Low 4,748,507 IDR

Transaction Impact: A difference of 1,779,788.63 IDR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

1329.1195

942.4619

JanuMarcMayJulySeptNove

GHS to IDR 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 1197.7244, compared to 1014.9476 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 182.7769 points.

H1 Avg (Jan–Jun) 1197.7244

H2 Avg (Jul–Dec) 1014.9476

Volatility Range Comparison

Volatility

The most volatile month in 2024 was November, with a trading range of 83.8774 IDR (High: 1033.5788 / Low: 949.7014). On the other end, July was the most stable month, with a tight range of 26.0662 IDR (High: 1071.5572 / Low: 1045.4910).

November Spread (Volatile) ±83.8774

July Spread (Stable) ±26.0662

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 67.0368 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -67.0368

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2024: 1296.8981) against the same month in 2023 (average: 1346.3503), the exchange rate shifted by -49.4522 (-3.67%).

2024 Avg (January) 1296.8981

2023 Avg (January) 1346.3503

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1305.6591	1278.3989	1296.8981
February	1273.9875	1241.8006	1257.0601
March	1240.4426	1198.4981	1215.0290
April	1216.0854	1185.6530	1198.3327
May	1182.0450	1098.3176	1131.2959
June	1102.8542	1071.5690	1087.7309
July	1071.5572	1045.4910	1053.2837
August	1047.7323	984.1022	1010.0715
September	994.6575	959.0900	976.4608
October	993.1417	962.6345	974.6833
November	1033.5788	949.7014	988.1506
December	1111.2638	1031.3972	1087.0356