2024 GHS to NOK Historical Review

YEARLY HIGH

0.8773 NOK

YEARLY LOW

0.6597 NOK

YEARLY AVERAGE

0.7493 NOK

2024 GHS to NOK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the GHS to NOK exchange rate experienced significant fluctuation. The market reached its absolute peak on January 18, valuing the pair at 0.8773. Conversely, the yearly low was recorded on September 24, dropping to 0.6597.

This high-to-low spread represents a total annual volatility of 0.2176 NOK. From a start-to-finish perspective, comparing the January average rate of 0.8634 to the December average rate of 0.7599, the exchange rate registered a net change of -11.99% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.8773 was down 25.19% compared to the 2023 peak of 1.1727, 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 4,386 NOK

2023 Average 4,529 NOK

Yearly Trough Low 3,299 NOK

Transaction Impact: A difference of 1,087.76 NOK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.8822

0.6569

JanuMarcMayJulySeptNove

GHS to NOK 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 0.8008, compared to 0.6977 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.1031 points.

H1 Avg (Jan–Jun) 0.8008

H2 Avg (Jul–Dec) 0.6977

Volatility Range Comparison

Volatility

The most volatile month in 2024 was May, with a trading range of 0.0954 NOK (High: 0.8055 / Low: 0.7101). On the other end, October was the most stable month, with a tight range of 0.0155 NOK (High: 0.6842 / Low: 0.6686).

May Spread (Volatile) ±0.0954

October Spread (Stable) ±0.0155

Growth Streaks & Declines

Trends

Between September and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between April and May, when the average rate fell by 0.0549 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0549

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2024: 0.8634) against the same month in 2023 (average: 0.8756), the exchange rate shifted by -0.0122 (-1.39%).

2024 Avg (January) 0.8634

2023 Avg (January) 0.8756

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.8773	0.8442	0.8634
February	0.8632	0.8371	0.8467
March	0.8310	0.8107	0.8207
April	0.8278	0.7962	0.8115
May	0.8055	0.7101	0.7567
June	0.7186	0.6934	0.7057
July	0.7120	0.6851	0.6998
August	0.7100	0.6686	0.6858
September	0.6927	0.6597	0.6757
October	0.6842	0.6686	0.6760
November	0.7209	0.6630	0.6892
December	0.7782	0.7204	0.7599