2024 GHS to NPR Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 GHS to NPR Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the GHS to NPR exchange rate experienced significant fluctuation. The market reached its absolute peak on January 2, valuing the pair at 11.2441. Conversely, the yearly low was recorded on November 5, dropping to 8.2069.
This high-to-low spread represents a total annual volatility of 3.0372 NPR. From a start-to-finish perspective, comparing the January average rate of 11.0394 to the December average rate of 9.1934, the exchange rate registered a net change of -16.72% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2024 high of 11.2441 was down 28.96% compared to the 2023 peak of 15.8289, 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 NPR 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 10.0258, compared to 8.6359 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 1.3899 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was May, with a trading range of 0.7803 NPR (High: 9.8007 / Low: 9.0203). On the other end, August was the most stable month, with a tight range of 0.0829 NPR (High: 8.6457 / Low: 8.5628).
Growth Streaks & Declines
TrendsBetween 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 April and May, when the average rate fell by 0.5284 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (January 2024: 11.0394) against the same month in 2023 (average: 11.5528), the exchange rate shifted by -0.5134 (-4.44%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 11.2441 | 10.7441 | 11.0394 |
| February | 10.7713 | 10.4881 | 10.6587 |
| March | 10.4730 | 10.0632 | 10.2646 |
| April | 10.0642 | 9.7785 | 9.9215 |
| May | 9.8007 | 9.0203 | 9.3931 |
| June | 9.0548 | 8.7379 | 8.8776 |
| July | 8.7308 | 8.6074 | 8.6670 |
| August | 8.6457 | 8.5628 | 8.5961 |
| September | 8.5882 | 8.4740 | 8.5408 |
| October | 8.4937 | 8.2567 | 8.4010 |
| November | 8.8164 | 8.2069 | 8.4173 |
| December | 9.3187 | 8.7959 | 9.1934 |