2024 GHS to THB Historical Review

YEARLY HIGH

2.9695 THB

YEARLY LOW

2.0449 THB

YEARLY AVERAGE

2.4635 THB

2024 GHS to THB Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the GHS to THB exchange rate experienced significant fluctuation. The market reached its absolute peak on January 17, valuing the pair at 2.9695. Conversely, the yearly low was recorded on November 5, dropping to 2.0449.

This high-to-low spread represents a total annual volatility of 0.9247 THB. From a start-to-finish perspective, comparing the January average rate of 2.9201 to the December average rate of 2.3106, the exchange rate registered a net change of -20.87% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 2.9695 was down 28.36% compared to the 2023 peak of 4.1451, 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 14,848 THB

2023 Average 14,911 THB

Yearly Trough Low 10,224 THB

Transaction Impact: A difference of 4,623.37 THB purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

3.0037

2.0009

JanuMarcMayJulySeptNove

GHS to THB 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 2.7214, compared to 2.2056 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.5157 points.

H1 Avg (Jan–Jun) 2.7214

H2 Avg (Jul–Dec) 2.2056

Volatility Range Comparison

Volatility

The most volatile month in 2024 was May, with a trading range of 0.2202 THB (High: 2.6993 / Low: 2.4791). On the other end, October was the most stable month, with a tight range of 0.0537 THB (High: 2.1112 / Low: 2.0575).

May Spread (Volatile) ±0.2202

October Spread (Stable) ±0.0537

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 0.1568 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.1568

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2024: 2.9201) against the same month in 2023 (average: 2.9336), the exchange rate shifted by -0.0134 (-0.46%).

2024 Avg (January) 2.9201

2023 Avg (January) 2.9336

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.9695	2.8647	2.9201
February	2.9025	2.8353	2.8766
March	2.8299	2.7434	2.7784
April	2.7630	2.7031	2.7348
May	2.6993	2.4791	2.5780
June	2.4920	2.4053	2.4401
July	2.4025	2.2834	2.3484
August	2.2893	2.1605	2.2248
September	2.1902	2.0517	2.1187
October	2.1112	2.0575	2.0845
November	2.2375	2.0449	2.1467
December	2.3542	2.2380	2.3106