2024 GHS to SLL Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 GHS to SLL Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the GHS to SLL exchange rate experienced significant fluctuation. The market reached its absolute peak on January 6, valuing the pair at 1761.8205. Conversely, the yearly low was recorded on November 10, dropping to 1272.6950.
This high-to-low spread represents a total annual volatility of 489.1255 SLL. From a start-to-finish perspective, comparing the January average rate of 1741.0653 to the December average rate of 1418.6608, the exchange rate registered a net change of -18.52% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2024 high of 1761.8205 was down 16.75% compared to the 2023 peak of 2116.2636, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 GHS based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
GHS to SLL Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 1579.3531, compared to 1345.8264 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 233.5267 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was May, with a trading range of 115.8075 SLL (High: 1532.6656 / Low: 1416.8581). On the other end, September was the most stable month, with a tight range of 14.9151 SLL (High: 1342.6879 / Low: 1327.7728).
Growth Streaks & Declines
TrendsNo 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 83.3494 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (January 2024: 1741.0653) against the same month in 2023 (average: 1557.9018), the exchange rate shifted by +183.1635 (+11.76%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 1761.8205 | 1697.6742 | 1741.0653 |
| February | 1696.5568 | 1657.3347 | 1682.8770 |
| March | 1656.5752 | 1582.6038 | 1621.2465 |
| April | 1583.0069 | 1534.9234 | 1560.1242 |
| May | 1532.6656 | 1416.8581 | 1476.7748 |
| June | 1422.7104 | 1374.2904 | 1394.0306 |
| July | 1370.5556 | 1348.7756 | 1359.2326 |
| August | 1358.2418 | 1334.9327 | 1344.0745 |
| September | 1342.6879 | 1327.7728 | 1335.4569 |
| October | 1325.8569 | 1285.8276 | 1309.5487 |
| November | 1368.6304 | 1272.6950 | 1307.9845 |
| December | 1432.2157 | 1365.4492 | 1418.6608 |