2024 GHS to SGD Historical Review

YEARLY HIGH

0.1121 SGD

YEARLY LOW

0.0801 SGD

YEARLY AVERAGE

0.0933 SGD

2024 GHS to SGD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the GHS to SGD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 17, valuing the pair at 0.1121. Conversely, the yearly low was recorded on November 5, dropping to 0.0801.

This high-to-low spread represents a total annual volatility of 0.0321 SGD. From a start-to-finish perspective, comparing the January average rate of 0.1109 to the December average rate of 0.0914, the exchange rate registered a net change of -17.58% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.1121 was down 30.13% compared to the 2023 peak of 0.1605, 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 561 SGD

2023 Average 576 SGD

Yearly Trough Low 400 SGD

Transaction Impact: A difference of 160.27 SGD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.1138

0.0789

JanuMarcMayJulySeptNove

GHS to SGD 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 0.1014, compared to 0.0851 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0163 points.

H1 Avg (Jan–Jun) 0.1014

H2 Avg (Jul–Dec) 0.0851

Volatility Range Comparison

Volatility

The most volatile month in 2024 was May, with a trading range of 0.0079 SGD (High: 0.0993 / Low: 0.0915). On the other end, October was the most stable month, with a tight range of 0.0012 SGD (High: 0.0823 / Low: 0.0811).

May Spread (Volatile) ±0.0079

October Spread (Stable) ±0.0012

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 0.0059 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0059

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2024: 0.1109) against the same month in 2023 (average: 0.1169), the exchange rate shifted by -0.0060 (-5.13%).

2024 Avg (January) 0.1109

2023 Avg (January) 0.1169

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1121	0.1084	0.1109
February	0.1087	0.1064	0.1079
March	0.1062	0.1018	0.1037
April	0.1021	0.0999	0.1010
May	0.0993	0.0915	0.0951
June	0.0918	0.0889	0.0899
July	0.0887	0.0859	0.0872
August	0.0860	0.0829	0.0843
September	0.0836	0.0812	0.0825
October	0.0823	0.0811	0.0818
November	0.0874	0.0801	0.0834
December	0.0930	0.0873	0.0914