2024 GHS to ILS Historical Review

YEARLY HIGH

0.3167 ILS

YEARLY LOW

0.2269 ILS

YEARLY AVERAGE

0.2580 ILS

2024 GHS to ILS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the GHS to ILS exchange rate experienced significant fluctuation. The market reached its absolute peak on January 17, valuing the pair at 0.3167. Conversely, the yearly low was recorded on November 7, dropping to 0.2269.

This high-to-low spread represents a total annual volatility of 0.0898 ILS. From a start-to-finish perspective, comparing the January average rate of 0.3079 to the December average rate of 0.2451, the exchange rate registered a net change of -20.39% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.3167 was down 24.95% compared to the 2023 peak of 0.4219, 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 1,583 ILS

2023 Average 1,581 ILS

Yearly Trough Low 1,134 ILS

Transaction Impact: A difference of 449.09 ILS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.3155

0.2244

JanuMarcMayJulySeptNove

GHS to ILS 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 0.2783, compared to 0.2378 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0405 points.

H1 Avg (Jan–Jun) 0.2783

H2 Avg (Jul–Dec) 0.2378

Volatility Range Comparison

Volatility

The most volatile month in 2024 was May, with a trading range of 0.0234 ILS (High: 0.2742 / Low: 0.2507). On the other end, June was the most stable month, with a tight range of 0.0076 ILS (High: 0.2525 / Low: 0.2450).

May Spread (Volatile) ±0.0234

June Spread (Stable) ±0.0076

Growth Streaks & Declines

Trends

No 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 0.0189 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0189

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2024: 0.3079) against the same month in 2023 (average: 0.3041), the exchange rate shifted by +0.0038 (+1.25%).

2024 Avg (January) 0.3079

2023 Avg (January) 0.3041

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.3167	0.2951	0.3079
February	0.2975	0.2823	0.2925
March	0.2856	0.2765	0.2808
April	0.2826	0.2733	0.2796
May	0.2742	0.2507	0.2607
June	0.2525	0.2450	0.2482
July	0.2459	0.2344	0.2381
August	0.2466	0.2315	0.2386
September	0.2409	0.2317	0.2376
October	0.2403	0.2270	0.2352
November	0.2372	0.2269	0.2320
December	0.2505	0.2367	0.2451