2024 GHS to NIO Historical Review

YEARLY HIGH

3.0851 NIO

YEARLY LOW

2.2400 NIO

YEARLY AVERAGE

2.5653 NIO

2024 GHS to NIO Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the GHS to NIO exchange rate experienced significant fluctuation. The market reached its absolute peak on January 6, valuing the pair at 3.0851. Conversely, the yearly low was recorded on November 12, dropping to 2.2400.

This high-to-low spread represents a total annual volatility of 0.8451 NIO. From a start-to-finish perspective, comparing the January average rate of 3.0430 to the December average rate of 2.4887, the exchange rate registered a net change of -18.22% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 3.0851 was down 29.38% compared to the 2023 peak of 4.3689, 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 15,426 NIO

2023 Average 15,674 NIO

Yearly Trough Low 11,200 NIO

Transaction Impact: A difference of 4,225.63 NIO purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

3.1178

2.2201

JanuMarcMayJulySeptNove

GHS to NIO 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 2.7688, compared to 2.3617 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.4071 points.

H1 Avg (Jan–Jun) 2.7688

H2 Avg (Jul–Dec) 2.3617

Volatility Range Comparison

Volatility

The most volatile month in 2024 was May, with a trading range of 0.2022 NIO (High: 2.6854 / Low: 2.4831). On the other end, August was the most stable month, with a tight range of 0.0235 NIO (High: 2.3711 / Low: 2.3476).

May Spread (Volatile) ±0.2022

August Spread (Stable) ±0.0235

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 0.1484 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.1484

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2024: 3.0430) against the same month in 2023 (average: 3.2170), the exchange rate shifted by -0.1741 (-5.41%).

2024 Avg (January) 3.0430

2023 Avg (January) 3.2170

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	3.0851	2.9699	3.0430
February	2.9749	2.9081	2.9515
March	2.9018	2.7745	2.8436
April	2.7771	2.6933	2.7386
May	2.6854	2.4831	2.5902
June	2.4958	2.4125	2.4462
July	2.4062	2.3691	2.3854
August	2.3711	2.3476	2.3582
September	2.3538	2.3289	2.3439
October	2.3260	2.2580	2.2993
November	2.3973	2.2400	2.2949
December	2.5120	2.3926	2.4887