2024 GHS to SYP Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 GHS to SYP Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the GHS to SYP exchange rate experienced significant fluctuation. The market reached its absolute peak on December 21, valuing the pair at 888.0359. Conversely, the yearly low was recorded on November 10, dropping to 152.4922.
This high-to-low spread represents a total annual volatility of 735.5437 SYP. From a start-to-finish perspective, comparing the January average rate of 208.6115 to the December average rate of 423.3888, the exchange rate registered a net change of 102.96% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2024 high of 888.0359 was up 195.03% compared to the 2023 peak of 301.0006, 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 SYP 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 189.2354, compared to 203.4892 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 14.2538 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was December, with a trading range of 724.4301 SYP (High: 888.0359 / Low: 163.6058). On the other end, September was the most stable month, with a tight range of 1.7871 SYP (High: 160.8786 / Low: 159.0915).
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 9.9868 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2024: 423.3888) against the same month in 2023 (average: 209.0033), the exchange rate shifted by +214.3855 (+102.58%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 211.0984 | 203.4124 | 208.6115 |
| February | 203.2786 | 198.5790 | 201.6395 |
| March | 198.4880 | 189.6249 | 194.2550 |
| April | 189.6732 | 183.9119 | 186.9314 |
| May | 183.6414 | 169.7655 | 176.9447 |
| June | 170.4668 | 164.6651 | 167.0304 |
| July | 164.2176 | 161.6080 | 162.8610 |
| August | 162.7422 | 159.9494 | 161.0447 |
| September | 160.8786 | 159.0915 | 160.0122 |
| October | 158.8619 | 154.0657 | 156.9079 |
| November | 163.9870 | 152.4922 | 156.7205 |
| December | 888.0359 | 163.6058 | 423.3888 |