2024 GHS to MNT Historical Review

YEARLY HIGH

289.8629 MNT

YEARLY LOW

206.2337 MNT

YEARLY AVERAGE

239.1541 MNT

2024 GHS to MNT Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the GHS to MNT exchange rate experienced significant fluctuation. The market reached its absolute peak on January 6, valuing the pair at 289.8629. Conversely, the yearly low was recorded on November 10, dropping to 206.2337.

This high-to-low spread represents a total annual volatility of 83.6292 MNT. From a start-to-finish perspective, comparing the January average rate of 286.4482 to the December average rate of 229.8867, the exchange rate registered a net change of -19.75% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 289.8629 was down 28.98% compared to the 2023 peak of 408.1538, 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 1,449,315 MNT

2023 Average 1,484,924 MNT

Yearly Trough Low 1,031,169 MNT

Transaction Impact: A difference of 418,146.15 MNT purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

293.8978

204.5026

JanuMarcMayJulySeptNove

GHS to MNT 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 259.8425, compared to 218.4657 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 41.3768 points.

H1 Avg (Jan–Jun) 259.8425

H2 Avg (Jul–Dec) 218.4657

Volatility Range Comparison

Volatility

The most volatile month in 2024 was May, with a trading range of 19.0532 MNT (High: 252.1613 / Low: 233.1081). On the other end, September was the most stable month, with a tight range of 2.4169 MNT (High: 217.5757 / Low: 215.1588).

May Spread (Volatile) ±19.0532

September Spread (Stable) ±2.4169

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2024. Conversely, the sharpest month-over-month decline occurred between April and May, when the average rate fell by 13.7130 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -13.7130

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2024: 286.4482) against the same month in 2023 (average: 300.4652), the exchange rate shifted by -14.0170 (-4.67%).

2024 Avg (January) 286.4482

2023 Avg (January) 300.4652

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	289.8629	279.3093	286.4482
February	279.1254	272.6724	276.8748
March	272.5475	260.3774	266.7350
April	260.4437	252.5328	256.6789
May	252.1613	233.1081	242.9659
June	234.0710	226.1047	229.3524
July	225.4902	218.5622	222.5452
August	220.0961	216.3190	217.8004
September	217.5757	215.1588	216.4039
October	214.8483	208.3618	212.2057
November	221.7795	206.2337	211.9522
December	232.0832	221.2640	229.8867