2024 HRK to GHS Historical Review

YEARLY HIGH

2.3794 GHS

YEARLY LOW

1.7280 GHS

YEARLY AVERAGE

2.0788 GHS

2024 HRK to GHS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the HRK to GHS exchange rate experienced significant fluctuation. The market reached its absolute peak on November 5, valuing the pair at 2.3794. Conversely, the yearly low was recorded on January 9, dropping to 1.7280.

This high-to-low spread represents a total annual volatility of 0.6514 GHS. From a start-to-finish perspective, comparing the January average rate of 1.7437 to the December average rate of 2.0546, the exchange rate registered a net change of 17.83% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 2.3794 was up 31.15% compared to the 2023 peak of 1.8143, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 11,897 GHS

2023 Average 8,388 GHS

Yearly Trough Low 8,640 GHS

Transaction Impact: A difference of 3,256.94 GHS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

2.3728

1.6865

JanuMarcMayJulySeptNove

HRK 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 1.9157, compared to 2.2419 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.3262 points.

H1 Avg (Jan–Jun) 1.9157

H2 Avg (Jul–Dec) 2.2419

Volatility Range Comparison

Volatility

The most volatile month in 2024 was November, with a trading range of 0.2284 GHS (High: 2.3794 / Low: 2.1510). On the other end, April was the most stable month, with a tight range of 0.0462 GHS (High: 1.9340 / Low: 1.8878).

November Spread (Volatile) ±0.2284

April Spread (Stable) ±0.0462

Growth Streaks & Declines

Trends

Between January and October, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 9 straight months. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 0.2071 points.

Longest Streak 9 Mo.

Sharpest MoM Drop -0.2071

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2024: 2.2617) against the same month in 2023 (average: 1.7149), the exchange rate shifted by +0.5468 (+31.89%).

2024 Avg (November) 2.2617

2023 Avg (November) 1.7149

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.7776	1.7280	1.7437
February	1.8144	1.7646	1.7850
March	1.8981	1.8211	1.8657
April	1.9340	1.8878	1.9124
May	2.1310	1.9485	2.0389
June	2.1709	2.1222	2.1483
July	2.2384	2.1802	2.2220
August	2.3249	2.2258	2.2823
September	2.3404	2.2910	2.3150
October	2.3504	2.2991	2.3156
November	2.3794	2.1510	2.2617
December	2.1560	2.0195	2.0546