2024 GHS to LBP Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 GHS to LBP Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the GHS to LBP exchange rate experienced significant fluctuation. The market reached its absolute peak on February 23, valuing the pair at 7244.4444. Conversely, the yearly low was recorded on February 21, dropping to 1198.6597.
This high-to-low spread represents a total annual volatility of 6045.7847 LBP. From a start-to-finish perspective, comparing the January average rate of 1247.9412 to the December average rate of 6056.4675, the exchange rate registered a net change of 385.32% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2024 high of 7244.4444 was up 410.81% compared to the 2023 peak of 1418.2188, 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 LBP 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 4989.4921, compared to 5747.6277 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 758.1355 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was February, with a trading range of 6045.7847 LBP (High: 7244.4444 / Low: 1198.6597). On the other end, January was the most stable month, with a tight range of 44.5083 LBP (High: 1261.4062 / Low: 1216.8979).
Growth Streaks & Declines
TrendsBetween January and March, 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 356.0565 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (February 2024: 2847.1120) against the same month in 2023 (average: 1012.9753), the exchange rate shifted by +1834.1366 (+181.06%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 1261.4062 | 1216.8979 | 1247.9412 |
| February | 7244.4444 | 1198.6597 | 2847.1120 |
| March | 7081.8540 | 6757.5431 | 6922.9607 |
| April | 6762.2290 | 6559.0296 | 6660.4240 |
| May | 6541.7495 | 6050.6757 | 6304.3676 |
| June | 6071.3104 | 5872.1676 | 5954.1472 |
| July | 5852.9412 | 5765.3673 | 5803.2156 |
| August | 5762.9090 | 5711.7032 | 5735.9036 |
| September | 5737.1344 | 5670.7297 | 5704.4423 |
| October | 5661.2179 | 5495.5997 | 5596.9183 |
| November | 5834.5148 | 5458.4222 | 5588.8188 |
| December | 6113.8981 | 5823.6406 | 6056.4675 |