YEARLY HIGH
4.7123 PHP
YEARLY LOW
3.5390 PHP
YEARLY AVERAGE
3.9911 PHP

2024 GHS to PHP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the GHS to PHP exchange rate experienced significant fluctuation. The market reached its absolute peak on January 9, valuing the pair at 4.7123. Conversely, the yearly low was recorded on September 20, dropping to 3.5390.

This high-to-low spread represents a total annual volatility of 1.1733 PHP. From a start-to-finish perspective, comparing the January average rate of 4.6462 to the December average rate of 3.9528, the exchange rate registered a net change of -14.92% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 4.7123 was down 29.37% compared to the 2023 peak of 6.6719, 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 23,561 PHP
2023 Average 23,854 PHP
Yearly Trough Low 17,695 PHP
Transaction Impact: A difference of 5,866.37 PHP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

4.7540
3.4610
JanuMarcMayJulySeptNove

GHS to PHP 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 4.2798, compared to 3.7024 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.5774 points.

H1 Avg (Jan–Jun) 4.2798
H2 Avg (Jul–Dec) 3.7024

Volatility Range Comparison

Volatility

The most volatile month in 2024 was November, with a trading range of 0.2766 PHP (High: 3.8248 / Low: 3.5482). On the other end, September was the most stable month, with a tight range of 0.0807 PHP (High: 3.6197 / Low: 3.5390).

November Spread (Volatile) ±0.2766
September Spread (Stable) ±0.0807

Growth Streaks & Declines

Trends

Between September and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between April and May, when the average rate fell by 0.1754 points.

Longest Streak 3 Mo.
Sharpest MoM Drop -0.1754

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2024: 4.6462) against the same month in 2023 (average: 4.8484), the exchange rate shifted by -0.2022 (-4.17%).

2024 Avg (January) 4.6462
2023 Avg (January) 4.8484

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 4.7123 4.5616 4.6462
February 4.5491 4.4403 4.4959
March 4.4261 4.2388 4.3224
April 4.2897 4.1992 4.2437
May 4.2128 3.9538 4.0683
June 3.9715 3.8280 3.9025
July 3.8414 3.7593 3.7904
August 3.7530 3.5794 3.6521
September 3.6197 3.5390 3.5687
October 3.6327 3.5464 3.5892
November 3.8248 3.5482 3.6613
December 4.0432 3.8166 3.9528