2024 GHS to RON Historical Review

YEARLY HIGH

0.3819 RON

YEARLY LOW

0.2774 RON

YEARLY AVERAGE

0.3208 RON

2024 GHS to RON Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the GHS to RON exchange rate experienced significant fluctuation. The market reached its absolute peak on January 9, valuing the pair at 0.3819. Conversely, the yearly low was recorded on November 5, dropping to 0.2774.

This high-to-low spread represents a total annual volatility of 0.1045 RON. From a start-to-finish perspective, comparing the January average rate of 0.3786 to the December average rate of 0.3214, the exchange rate registered a net change of -15.11% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.3819 was down 31.23% compared to the 2023 peak of 0.5553, 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 1,909 RON

2023 Average 1,961 RON

Yearly Trough Low 1,387 RON

Transaction Impact: A difference of 522.40 RON purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.3880

0.2758

JanuMarcMayJulySeptNove

GHS to RON 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 0.3465, compared to 0.2951 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0514 points.

H1 Avg (Jan–Jun) 0.3465

H2 Avg (Jul–Dec) 0.2951

Volatility Range Comparison

Volatility

The most volatile month in 2024 was November, with a trading range of 0.0296 RON (High: 0.3070 / Low: 0.2774). On the other end, September was the most stable month, with a tight range of 0.0060 RON (High: 0.2882 / Low: 0.2821).

November Spread (Volatile) ±0.0296

September Spread (Stable) ±0.0060

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 April and May, when the average rate fell by 0.0211 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0211

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2024: 0.3786) against the same month in 2023 (average: 0.4033), the exchange rate shifted by -0.0247 (-6.11%).

2024 Avg (January) 0.3786

2023 Avg (January) 0.4033

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.3819	0.3713	0.3786
February	0.3743	0.3627	0.3699
March	0.3621	0.3475	0.3536
April	0.3493	0.3414	0.3452
May	0.3389	0.3102	0.3241
June	0.3114	0.3043	0.3075
July	0.3030	0.2947	0.2970
August	0.2967	0.2841	0.2894
September	0.2882	0.2821	0.2852
October	0.2872	0.2809	0.2852
November	0.3070	0.2774	0.2923
December	0.3270	0.3067	0.3214