2024 ISK to GHS Historical Review

YEARLY HIGH

0.1204 GHS

YEARLY LOW

0.0866 GHS

YEARLY AVERAGE

0.1049 GHS

2024 ISK to GHS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the ISK to GHS exchange rate experienced significant fluctuation. The market reached its absolute peak on November 5, valuing the pair at 0.1204. Conversely, the yearly low was recorded on January 3, dropping to 0.0866.

This high-to-low spread represents a total annual volatility of 0.0339 GHS. From a start-to-finish perspective, comparing the January average rate of 0.0880 to the December average rate of 0.1066, the exchange rate registered a net change of 21.16% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.1204 was up 33.76% compared to the 2023 peak of 0.0900, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 602 GHS

2023 Average 424 GHS

Yearly Trough Low 433 GHS

Transaction Impact: A difference of 169.27 GHS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.1199

0.0851

JanuMarcMayJulySeptNove

ISK 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 0.0966, compared to 0.1133 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0167 points.

H1 Avg (Jan–Jun) 0.0966

H2 Avg (Jul–Dec) 0.1133

Volatility Range Comparison

Volatility

The most volatile month in 2024 was May, with a trading range of 0.0098 GHS (High: 0.1077 / Low: 0.0978). On the other end, February was the most stable month, with a tight range of 0.0019 GHS (High: 0.0915 / Low: 0.0896).

May Spread (Volatile) ±0.0098

February Spread (Stable) ±0.0019

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 0.0096 points.

Longest Streak 9 Mo.

Sharpest MoM Drop -0.0096

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2024: 0.1162) against the same month in 2023 (average: 0.0854), the exchange rate shifted by +0.0308 (+36.05%).

2024 Avg (November) 0.1162

2023 Avg (November) 0.0854

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0904	0.0866	0.0880
February	0.0915	0.0896	0.0905
March	0.0959	0.0917	0.0943
April	0.0972	0.0946	0.0958
May	0.1077	0.0978	0.1024
June	0.1100	0.1070	0.1085
July	0.1128	0.1102	0.1120
August	0.1149	0.1119	0.1133
September	0.1170	0.1127	0.1147
October	0.1192	0.1159	0.1170
November	0.1204	0.1115	0.1162
December	0.1117	0.1051	0.1066