2024 JMD to GHS Historical Review

YEARLY HIGH

0.1037 GHS

YEARLY LOW

0.0770 GHS

YEARLY AVERAGE

0.0925 GHS

2024 JMD to GHS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the JMD to GHS exchange rate experienced significant fluctuation. The market reached its absolute peak on November 8, valuing the pair at 0.1037. Conversely, the yearly low was recorded on January 14, dropping to 0.0770.

This high-to-low spread represents a total annual volatility of 0.0267 GHS. From a start-to-finish perspective, comparing the January average rate of 0.0777 to the December average rate of 0.0945, the exchange rate registered a net change of 21.67% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.1037 was up 23.96% compared to the 2023 peak of 0.0837, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 519 GHS

2023 Average 379 GHS

Yearly Trough Low 385 GHS

Transaction Impact: A difference of 133.54 GHS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.1035

0.0753

JanuMarcMayJulySeptNove

JMD 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 0.0859, compared to 0.0992 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0133 points.

H1 Avg (Jan–Jun) 0.0859

H2 Avg (Jul–Dec) 0.0992

Volatility Range Comparison

Volatility

The most volatile month in 2024 was May, with a trading range of 0.0077 GHS (High: 0.0951 / Low: 0.0874). On the other end, September was the most stable month, with a tight range of 0.0009 GHS (High: 0.1005 / Low: 0.0996).

May Spread (Volatile) ±0.0077

September Spread (Stable) ±0.0009

Growth Streaks & Declines

Trends

Between January and November, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 10 straight months. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 0.0067 points.

Longest Streak 10 Mo.

Sharpest MoM Drop -0.0067

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2024: 0.1012) against the same month in 2023 (average: 0.0769), the exchange rate shifted by +0.0243 (+31.62%).

2024 Avg (November) 0.1012

2023 Avg (November) 0.0769

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0795	0.0770	0.0777
February	0.0811	0.0789	0.0797
March	0.0861	0.0812	0.0837
April	0.0875	0.0861	0.0867
May	0.0951	0.0874	0.0909
June	0.0978	0.0948	0.0966
July	0.0994	0.0981	0.0987
August	0.1001	0.0991	0.0996
September	0.1005	0.0996	0.1000
October	0.1029	0.1001	0.1011
November	0.1037	0.0974	0.1012
December	0.0977	0.0938	0.0945