2024 GHS to KPW Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 GHS to KPW Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the GHS to KPW exchange rate experienced significant fluctuation. The market reached its absolute peak on January 6, valuing the pair at 75.6164. Conversely, the yearly low was recorded on November 10, dropping to 54.6234.
This high-to-low spread represents a total annual volatility of 20.9930 KPW. From a start-to-finish perspective, comparing the January average rate of 74.7256 to the December average rate of 60.8882, the exchange rate registered a net change of -18.52% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2024 high of 75.6164 was down 29.87% compared to the 2023 peak of 107.8198, 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 KPW 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 67.7850, compared to 57.7622 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 10.0228 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was May, with a trading range of 4.9704 KPW (High: 65.7812 / Low: 60.8108). On the other end, September was the most stable month, with a tight range of 0.6401 KPW (High: 57.6275 / Low: 56.9873).
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 April and May, when the average rate fell by 3.5773 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (January 2024: 74.7256) against the same month in 2023 (average: 79.3723), the exchange rate shifted by -4.6467 (-5.85%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 75.6164 | 72.8633 | 74.7256 |
| February | 72.8153 | 71.1319 | 72.2282 |
| March | 71.0993 | 67.9245 | 69.5831 |
| April | 67.9418 | 65.8781 | 66.9597 |
| May | 65.7812 | 60.8108 | 63.3824 |
| June | 61.0620 | 58.9838 | 59.8311 |
| July | 58.8235 | 57.8887 | 58.3376 |
| August | 58.2950 | 57.2946 | 57.6870 |
| September | 57.6275 | 56.9873 | 57.3171 |
| October | 56.9051 | 55.1870 | 56.2051 |
| November | 58.7409 | 54.6234 | 56.1380 |
| December | 61.4700 | 58.6044 | 60.8882 |