2024 GHS to TRY Historical Review

YEARLY HIGH

2.5184 TRY

YEARLY LOW

2.0859 TRY

YEARLY AVERAGE

2.2848 TRY

2024 GHS to TRY Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the GHS to TRY exchange rate experienced significant fluctuation. The market reached its absolute peak on January 13, valuing the pair at 2.5184. Conversely, the yearly low was recorded on November 10, dropping to 2.0859.

This high-to-low spread represents a total annual volatility of 0.4324 TRY. From a start-to-finish perspective, comparing the January average rate of 2.4984 to the December average rate of 2.3682, the exchange rate registered a net change of -5.21% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 2.5184 was up 2.23% compared to the 2023 peak of 2.4634, 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 12,592 TRY

2023 Average 10,220 TRY

Yearly Trough Low 10,430 TRY

Transaction Impact: A difference of 2,162.16 TRY purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

2.5348

2.0975

JanuMarcMayJulySeptNove

GHS to TRY 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 2.3828, compared to 2.1869 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.1959 points.

H1 Avg (Jan–Jun) 2.3828

H2 Avg (Jul–Dec) 2.1869

Volatility Range Comparison

Volatility

The most volatile month in 2024 was May, with a trading range of 0.1919 TRY (High: 2.3706 / Low: 2.1787). On the other end, September was the most stable month, with a tight range of 0.0181 TRY (High: 2.1797 / Low: 2.1617).

May Spread (Volatile) ±0.1919

September Spread (Stable) ±0.0181

Growth Streaks & Declines

Trends

Between July and September, 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 0.1350 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.1350

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2024: 2.4984) against the same month in 2023 (average: 1.6561), the exchange rate shifted by +0.8423 (+50.86%).

2024 Avg (January) 2.4984

2023 Avg (January) 1.6561

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.5184	2.4582	2.4984
February	2.4965	2.4490	2.4724
March	2.5160	2.4438	2.4785
April	2.4360	2.3722	2.4077
May	2.3706	2.1787	2.2727
June	2.1907	2.1456	2.1671
July	2.1547	2.1189	2.1339
August	2.1880	2.1336	2.1601
September	2.1797	2.1617	2.1695
October	2.1647	2.1025	2.1396
November	2.2637	2.0859	2.1501
December	2.4057	2.2604	2.3682