2024 GMD to GHS Historical Review

YEARLY HIGH

0.2358 GHS

YEARLY LOW

0.1770 GHS

YEARLY AVERAGE

0.2102 GHS

2024 GMD to GHS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the GMD to GHS exchange rate experienced significant fluctuation. The market reached its absolute peak on October 8, valuing the pair at 0.2358. Conversely, the yearly low was recorded on January 9, dropping to 0.1770.

This high-to-low spread represents a total annual volatility of 0.0588 GHS. From a start-to-finish perspective, comparing the January average rate of 0.1790 to the December average rate of 0.2059, the exchange rate registered a net change of 15.01% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.2358 was up 11.69% compared to the 2023 peak of 0.2111, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 GMD based on timing:

Yearly Peak High 1,179 GHS

2023 Average 939 GHS

Yearly Trough Low 885 GHS

Transaction Impact: A difference of 293.78 GHS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.2364

0.1738

JanuMarcMayJulySeptNove

GMD to GHS 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 0.1972, compared to 0.2232 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0259 points.

H1 Avg (Jan–Jun) 0.1972

H2 Avg (Jul–Dec) 0.2232

Volatility Range Comparison

Volatility

The most volatile month in 2024 was May, with a trading range of 0.0164 GHS (High: 0.2184 / Low: 0.2019). On the other end, February was the most stable month, with a tight range of 0.0033 GHS (High: 0.1864 / Low: 0.1831).

May Spread (Volatile) ±0.0164

February Spread (Stable) ±0.0033

Growth Streaks & Declines

Trends

Between January and July, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 6 straight months. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 0.0195 points.

Longest Streak 6 Mo.

Sharpest MoM Drop -0.0195

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2024: 0.2312) against the same month in 2023 (average: 0.1792), the exchange rate shifted by +0.0519 (+28.96%).

2024 Avg (October) 0.2312

2023 Avg (October) 0.1792

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1833	0.1770	0.1790
February	0.1864	0.1831	0.1843
March	0.1951	0.1864	0.1904
April	0.2016	0.1952	0.1980
May	0.2184	0.2019	0.2096
June	0.2251	0.2175	0.2220
July	0.2288	0.2237	0.2275
August	0.2266	0.2190	0.2234
September	0.2306	0.2205	0.2258
October	0.2358	0.2259	0.2312
November	0.2304	0.2158	0.2254
December	0.2163	0.2034	0.2059