2024 GHS to LRD Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 GHS to LRD Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the GHS to LRD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 9, valuing the pair at 15.8533. Conversely, the yearly low was recorded on November 21, dropping to 11.3540.
This high-to-low spread represents a total annual volatility of 4.4993 LRD. From a start-to-finish perspective, comparing the January average rate of 15.7034 to the December average rate of 12.2176, the exchange rate registered a net change of -22.20% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2024 high of 15.8533 was down 14.35% compared to the 2023 peak of 18.5091, 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 LRD 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 14.4568, compared to 12.2354 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 2.2214 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was May, with a trading range of 1.0380 LRD (High: 14.1393 / Low: 13.1013). On the other end, July was the most stable month, with a tight range of 0.1441 LRD (High: 12.7124 / Low: 12.5683).
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 0.7292 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (January 2024: 15.7034) against the same month in 2023 (average: 13.6971), the exchange rate shifted by +2.0064 (+14.65%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 15.8533 | 15.3682 | 15.7034 |
| February | 15.4061 | 15.1432 | 15.2860 |
| March | 15.1687 | 14.5434 | 14.8782 |
| April | 14.5584 | 13.9885 | 14.3401 |
| May | 14.1393 | 13.1013 | 13.6311 |
| June | 13.1555 | 12.7438 | 12.9020 |
| July | 12.7124 | 12.5683 | 12.6341 |
| August | 12.7775 | 12.4282 | 12.5347 |
| September | 12.7219 | 12.2861 | 12.4555 |
| October | 12.2487 | 11.7753 | 12.0342 |
| November | 11.7793 | 11.3540 | 11.5360 |
| December | 12.5175 | 11.6678 | 12.2176 |