2024 GHS to QAR Historical Review

YEARLY HIGH

0.3060 QAR

YEARLY LOW

0.2216 QAR

YEARLY AVERAGE

0.2541 QAR

2024 GHS to QAR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the GHS to QAR exchange rate experienced significant fluctuation. The market reached its absolute peak on January 9, valuing the pair at 0.3060. Conversely, the yearly low was recorded on November 10, dropping to 0.2216.

This high-to-low spread represents a total annual volatility of 0.0844 QAR. From a start-to-finish perspective, comparing the January average rate of 0.3025 to the December average rate of 0.2464, the exchange rate registered a net change of -18.53% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.3060 was down 29.89% compared to the 2023 peak of 0.4365, 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 1,530 QAR

2023 Average 1,562 QAR

Yearly Trough Low 1,108 QAR

Transaction Impact: A difference of 421.92 QAR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.3100

0.2197

JanuMarcMayJulySeptNove

GHS to QAR 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 0.2744, compared to 0.2338 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0406 points.

H1 Avg (Jan–Jun) 0.2744

H2 Avg (Jul–Dec) 0.2338

Volatility Range Comparison

Volatility

The most volatile month in 2024 was May, with a trading range of 0.0201 QAR (High: 0.2661 / Low: 0.2460). On the other end, September was the most stable month, with a tight range of 0.0026 QAR (High: 0.2332 / Low: 0.2306).

May Spread (Volatile) ±0.0201

September Spread (Stable) ±0.0026

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 0.0144 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0144

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2024: 0.3025) against the same month in 2023 (average: 0.3214), the exchange rate shifted by -0.0189 (-5.87%).

2024 Avg (January) 0.3025

2023 Avg (January) 0.3214

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.3060	0.2947	0.3025
February	0.2949	0.2879	0.2924
March	0.2876	0.2748	0.2816
April	0.2749	0.2667	0.2710
May	0.2661	0.2460	0.2566
June	0.2474	0.2388	0.2422
July	0.2380	0.2343	0.2362
August	0.2351	0.2312	0.2332
September	0.2332	0.2306	0.2320
October	0.2305	0.2234	0.2276
November	0.2375	0.2216	0.2272
December	0.2488	0.2370	0.2464