2024 GHS to LAK Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 GHS to LAK Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the GHS to LAK exchange rate experienced significant fluctuation. The market reached its absolute peak on January 9, valuing the pair at 1729.8130. Conversely, the yearly low was recorded on November 5, dropping to 1334.3429.
This high-to-low spread represents a total annual volatility of 395.4701 LAK. From a start-to-finish perspective, comparing the January average rate of 1714.3382 to the December average rate of 1480.9309, the exchange rate registered a net change of -13.62% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2024 high of 1729.8130 was down 16.57% compared to the 2023 peak of 2073.2520, 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 LAK 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 1589.8306, compared to 1413.8590 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 175.9716 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was May, with a trading range of 105.9493 LAK (High: 1558.5957 / Low: 1452.6464). On the other end, September was the most stable month, with a tight range of 14.3454 LAK (High: 1414.0114 / Low: 1399.6660).
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 76.3952 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (January 2024: 1714.3382) against the same month in 2023 (average: 1499.7801), the exchange rate shifted by +214.5582 (+14.31%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 1729.8130 | 1678.4355 | 1714.3382 |
| February | 1688.0808 | 1650.4007 | 1672.9521 |
| March | 1646.9428 | 1580.9434 | 1617.6289 |
| April | 1593.2825 | 1562.6145 | 1580.4717 |
| May | 1558.5957 | 1452.6464 | 1504.0764 |
| June | 1459.6233 | 1440.5968 | 1449.5164 |
| July | 1443.4641 | 1426.7605 | 1434.8732 |
| August | 1427.3312 | 1408.1110 | 1417.8282 |
| September | 1414.0114 | 1399.6660 | 1407.5345 |
| October | 1402.1968 | 1345.7111 | 1373.0635 |
| November | 1429.7522 | 1334.3429 | 1368.9236 |
| December | 1495.2913 | 1426.9371 | 1480.9309 |