2024 GHS to MAD Historical Review

YEARLY HIGH

0.8356 MAD

YEARLY LOW

0.5984 MAD

YEARLY AVERAGE

0.6937 MAD

2024 GHS to MAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the GHS to MAD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 9, valuing the pair at 0.8356. Conversely, the yearly low was recorded on November 5, dropping to 0.5984.

This high-to-low spread represents a total annual volatility of 0.2372 MAD. From a start-to-finish perspective, comparing the January average rate of 0.8263 to the December average rate of 0.6777, the exchange rate registered a net change of -17.98% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.8356 was down 33.23% compared to the 2023 peak of 1.2514, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 GHS based on timing:

Yearly Peak High 4,178 MAD

2023 Average 4,340 MAD

Yearly Trough Low 2,992 MAD

Transaction Impact: A difference of 1,186.00 MAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.8474

0.5939

JanuMarcMayJulySeptNove

GHS to MAD Seasonal Trends & Volatility Analysis

A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.

Seasonal Halves (H1 vs H2)

Seasonal

The average exchange rate in the first half of the year (H1: Jan–Jun) was 0.7545, compared to 0.6329 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.1216 points.

H1 Avg (Jan–Jun) 0.7545

H2 Avg (Jul–Dec) 0.6329

Volatility Range Comparison

Volatility

The most volatile month in 2024 was May, with a trading range of 0.0652 MAD (High: 0.7381 / Low: 0.6729). On the other end, September was the most stable month, with a tight range of 0.0147 MAD (High: 0.6267 / Low: 0.6121).

May Spread (Volatile) ±0.0652

September Spread (Stable) ±0.0147

Growth Streaks & Declines

Trends

Between October and December, 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 0.0474 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0474

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2024: 0.8263) against the same month in 2023 (average: 0.9033), the exchange rate shifted by -0.0771 (-8.53%).

2024 Avg (January) 0.8263

2023 Avg (January) 0.9033

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.8356	0.8078	0.8263
February	0.8146	0.7987	0.8072
March	0.7951	0.7609	0.7773
April	0.7614	0.7405	0.7510
May	0.7381	0.6729	0.7036
June	0.6736	0.6512	0.6617
July	0.6509	0.6346	0.6391
August	0.6393	0.6114	0.6252
September	0.6267	0.6121	0.6195
October	0.6193	0.6045	0.6150
November	0.6517	0.5984	0.6210
December	0.6872	0.6504	0.6777