2024 GHS to JMD Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 GHS to JMD Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the GHS to JMD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 14, valuing the pair at 12.9800. Conversely, the yearly low was recorded on November 8, dropping to 9.6386.
This high-to-low spread represents a total annual volatility of 3.3414 JMD. From a start-to-finish perspective, comparing the January average rate of 12.8748 to the December average rate of 10.5820, the exchange rate registered a net change of -17.81% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2024 high of 12.9800 was down 28.58% compared to the 2023 peak of 18.1751, 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 JMD 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 11.7115, compared to 10.0899 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 1.6216 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was May, with a trading range of 0.9321 JMD (High: 11.4430 / Low: 10.5109). On the other end, September was the most stable month, with a tight range of 0.0874 JMD (High: 10.0393 / Low: 9.9519).
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 May and June, when the average rate fell by 0.6578 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (January 2024: 12.8748) against the same month in 2023 (average: 13.4764), the exchange rate shifted by -0.6016 (-4.46%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 12.9800 | 12.5728 | 12.8748 |
| February | 12.6697 | 12.3347 | 12.5503 |
| March | 12.3176 | 11.6131 | 11.9514 |
| April | 11.6140 | 11.4320 | 11.5376 |
| May | 11.4430 | 10.5109 | 11.0064 |
| June | 10.5511 | 10.2291 | 10.3485 |
| July | 10.1964 | 10.0607 | 10.1355 |
| August | 10.0928 | 9.9909 | 10.0428 |
| September | 10.0393 | 9.9519 | 10.0026 |
| October | 9.9899 | 9.7158 | 9.8907 |
| November | 10.2640 | 9.6386 | 9.8858 |
| December | 10.6631 | 10.2401 | 10.5820 |