2024 GHS to MMK Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 GHS to MMK Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the GHS to MMK exchange rate experienced significant fluctuation. The market reached its absolute peak on July 20, valuing the pair at 210.5794. Conversely, the yearly low was recorded on November 10, dropping to 127.3332.
This high-to-low spread represents a total annual volatility of 83.2462 MMK. From a start-to-finish perspective, comparing the January average rate of 174.3259 to the December average rate of 141.9371, the exchange rate registered a net change of -18.58% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2024 high of 210.5794 was down 16.30% compared to the 2023 peak of 251.5992, 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 MMK 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 159.1038, compared to 136.5795 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 22.5242 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was July, with a trading range of 75.6343 MMK (High: 210.5794 / Low: 134.9451). On the other end, September was the most stable month, with a tight range of 1.4923 MMK (High: 134.3360 / Low: 132.8438).
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 July and August, when the average rate fell by 13.0937 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (July 2024: 147.5685) against the same month in 2023 (average: 183.8675), the exchange rate shifted by -36.2991 (-19.74%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 176.4217 | 169.9438 | 174.3259 |
| February | 170.0169 | 166.0494 | 168.5613 |
| March | 165.8237 | 158.4479 | 162.2701 |
| April | 158.4631 | 153.7772 | 156.1748 |
| May | 153.2779 | 141.8305 | 147.8433 |
| June | 163.0232 | 137.9195 | 145.4474 |
| July | 210.5794 | 134.9451 | 147.5685 |
| August | 135.8922 | 133.5601 | 134.4747 |
| September | 134.3360 | 132.8438 | 133.6126 |
| October | 132.6521 | 128.6471 | 131.0204 |
| November | 136.9316 | 127.3332 | 130.8639 |
| December | 143.2933 | 136.6133 | 141.9371 |