2024 GHS to SCR Historical Review

YEARLY HIGH

1.1637 SCR

YEARLY LOW

0.8135 SCR

YEARLY AVERAGE

0.9528 SCR

2024 GHS to SCR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the GHS to SCR exchange rate experienced significant fluctuation. The market reached its absolute peak on January 4, valuing the pair at 1.1637. Conversely, the yearly low was recorded on September 24, dropping to 0.8135.

This high-to-low spread represents a total annual volatility of 0.3502 SCR. From a start-to-finish perspective, comparing the January average rate of 1.1112 to the December average rate of 0.9552, the exchange rate registered a net change of -14.04% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 1.1637 was down 27.69% compared to the 2023 peak of 1.6093, 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 5,819 SCR

2023 Average 5,763 SCR

Yearly Trough Low 4,068 SCR

Transaction Impact: A difference of 1,751.10 SCR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

1.1366

0.8310

JanuMarcMayJulySeptNove

GHS to SCR 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 1.0222, compared to 0.8834 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.1388 points.

H1 Avg (Jan–Jun) 1.0222

H2 Avg (Jul–Dec) 0.8834

Volatility Range Comparison

Volatility

The most volatile month in 2024 was December, with a trading range of 0.1536 SCR (High: 1.0274 / Low: 0.8738). On the other end, July was the most stable month, with a tight range of 0.0386 SCR (High: 0.9147 / Low: 0.8761).

December Spread (Volatile) ±0.1536

July Spread (Stable) ±0.0386

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 0.0494 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0494

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2024: 1.1112) against the same month in 2023 (average: 1.1926), the exchange rate shifted by -0.0814 (-6.83%).

2024 Avg (January) 1.1112

2023 Avg (January) 1.1926

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.1637	1.0642	1.1112
February	1.1082	1.0599	1.0801
March	1.1111	1.0205	1.0509
April	1.0705	0.9968	1.0112
May	1.0098	0.9193	0.9618
June	0.9706	0.8985	0.9183
July	0.9147	0.8761	0.8943
August	0.9728	0.8209	0.8804
September	0.8839	0.8135	0.8565
October	0.9443	0.8195	0.8565
November	0.9310	0.8182	0.8578
December	1.0274	0.8738	0.9552