2024 GHS to MGA Historical Review

YEARLY HIGH

385.5369 MGA

YEARLY LOW

280.6609 MGA

YEARLY AVERAGE

316.1632 MGA

2024 GHS to MGA Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the GHS to MGA exchange rate experienced significant fluctuation. The market reached its absolute peak on January 4, valuing the pair at 385.5369. Conversely, the yearly low was recorded on November 5, dropping to 280.6609.

This high-to-low spread represents a total annual volatility of 104.8760 MGA. From a start-to-finish perspective, comparing the January average rate of 378.9470 to the December average rate of 317.9507, the exchange rate registered a net change of -16.10% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 385.5369 was down 28.03% compared to the 2023 peak of 535.6809, 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 1,927,684 MGA

2023 Average 1,909,253 MGA

Yearly Trough Low 1,403,304 MGA

Transaction Impact: A difference of 524,380.06 MGA purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

388.1733

277.4574

JanuMarcMayJulySeptNove

GHS to MGA 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 337.5383, compared to 294.7881 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 42.7502 points.

H1 Avg (Jan–Jun) 337.5383

H2 Avg (Jul–Dec) 294.7881

Volatility Range Comparison

Volatility

The most volatile month in 2024 was March, with a trading range of 27.8877 MGA (High: 357.4717 / Low: 329.5840). On the other end, September was the most stable month, with a tight range of 4.7099 MGA (High: 291.5198 / Low: 286.8099).

March Spread (Volatile) ±27.8877

September Spread (Stable) ±4.7099

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 February and March, when the average rate fell by 18.9103 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -18.9103

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2024: 378.9470) against the same month in 2023 (average: 388.6150), the exchange rate shifted by -9.6680 (-2.49%).

2024 Avg (January) 378.9470

2023 Avg (January) 388.6150

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	385.5369	366.2056	378.9470
February	367.1258	357.6693	364.3455
March	357.4717	329.5840	345.4353
April	330.1822	324.5353	327.0442
May	324.5206	300.0000	312.1558
June	302.0343	293.4499	297.3017
July	294.4816	289.5317	292.0194
August	296.3004	289.1499	292.6364
September	291.5198	286.8099	289.3023
October	289.0966	282.5253	286.6837
November	305.5993	280.6609	290.1361
December	322.4971	305.0551	317.9507