2024 GHS to PEN Historical Review

YEARLY HIGH

0.3129 PEN

YEARLY LOW

0.2289 PEN

YEARLY AVERAGE

0.2617 PEN

2024 GHS to PEN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the GHS to PEN exchange rate experienced significant fluctuation. The market reached its absolute peak on February 6, valuing the pair at 0.3129. Conversely, the yearly low was recorded on November 10, dropping to 0.2289.

This high-to-low spread represents a total annual volatility of 0.0840 PEN. From a start-to-finish perspective, comparing the January average rate of 0.3098 to the December average rate of 0.2525, the exchange rate registered a net change of -18.50% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.3129 was down 31.17% compared to the 2023 peak of 0.4546, 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 1,564 PEN

2023 Average 1,603 PEN

Yearly Trough Low 1,145 PEN

Transaction Impact: A difference of 419.90 PEN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.3173

0.2267

JanuMarcMayJulySeptNove

GHS to PEN 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 0.2825, compared to 0.2410 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0415 points.

H1 Avg (Jan–Jun) 0.2825

H2 Avg (Jul–Dec) 0.2410

Volatility Range Comparison

Volatility

The most volatile month in 2024 was May, with a trading range of 0.0213 PEN (High: 0.2747 / Low: 0.2535). On the other end, August was the most stable month, with a tight range of 0.0032 PEN (High: 0.2406 / Low: 0.2374).

May Spread (Volatile) ±0.0213

August Spread (Stable) ±0.0032

Growth Streaks & Declines

Trends

Between 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 February and March, when the average rate fell by 0.0200 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0200

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2024: 0.3073) against the same month in 2023 (average: 0.3075), the exchange rate shifted by -0.0002 (-0.08%).

2024 Avg (February) 0.3073

2023 Avg (February) 0.3075

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.3121	0.3055	0.3098
February	0.3129	0.3002	0.3073
March	0.2986	0.2807	0.2872
April	0.2808	0.2742	0.2764
May	0.2747	0.2535	0.2628
June	0.2543	0.2499	0.2515
July	0.2507	0.2400	0.2440
August	0.2406	0.2374	0.2394
September	0.2437	0.2357	0.2401
October	0.2363	0.2314	0.2342
November	0.2440	0.2289	0.2358
December	0.2556	0.2436	0.2525