YEARLY HIGH
0.7351 SVC
YEARLY LOW
0.5333 SVC
YEARLY AVERAGE
0.6102 SVC

2024 GHS to SVC Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the GHS to SVC exchange rate experienced significant fluctuation. The market reached its absolute peak on January 6, valuing the pair at 0.7351. Conversely, the yearly low was recorded on November 9, dropping to 0.5333.

This high-to-low spread represents a total annual volatility of 0.2018 SVC. From a start-to-finish perspective, comparing the January average rate of 0.7264 to the December average rate of 0.5918, 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 0.7351 was down 29.88% compared to the 2023 peak of 1.0484, 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 3,675 SVC
2023 Average 3,750 SVC
Yearly Trough Low 2,667 SVC
Transaction Impact: A difference of 1,008.75 SVC purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.7444
0.5278
JanuMarcMayJulySeptNove

GHS to SVC 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 0.6589, compared to 0.5615 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0973 points.

H1 Avg (Jan–Jun) 0.6589
H2 Avg (Jul–Dec) 0.5615

Volatility Range Comparison

Volatility

The most volatile month in 2024 was May, with a trading range of 0.0477 SVC (High: 0.6387 / Low: 0.5910). On the other end, August was the most stable month, with a tight range of 0.0050 SVC (High: 0.5632 / Low: 0.5582).

May Spread (Volatile) ±0.0477
August Spread (Stable) ±0.0050

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 0.0346 points.

Longest Streak 1 Mo.
Sharpest MoM Drop -0.0346

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2024: 0.7264) against the same month in 2023 (average: 0.7717), the exchange rate shifted by -0.0453 (-5.87%).

2024 Avg (January) 0.7264
2023 Avg (January) 0.7717

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 0.7351 0.7081 0.7264
February 0.7084 0.6919 0.7023
March 0.6909 0.6602 0.6761
April 0.6603 0.6407 0.6506
May 0.6387 0.5910 0.6160
June 0.5933 0.5738 0.5817
July 0.5719 0.5626 0.5671
August 0.5632 0.5582 0.5603
September 0.5595 0.5541 0.5573
October 0.5532 0.5370 0.5468
November 0.5700 0.5333 0.5459
December 0.5973 0.5687 0.5918