2024 MDL to GHS Historical Review

YEARLY HIGH

0.9229 GHS

YEARLY LOW

0.6742 GHS

YEARLY AVERAGE

0.8165 GHS

2024 MDL to GHS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the MDL to GHS exchange rate experienced significant fluctuation. The market reached its absolute peak on November 5, valuing the pair at 0.9229. Conversely, the yearly low was recorded on January 13, dropping to 0.6742.

This high-to-low spread represents a total annual volatility of 0.2488 GHS. From a start-to-finish perspective, comparing the January average rate of 0.6836 to the December average rate of 0.8071, the exchange rate registered a net change of 18.07% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.9229 was up 32.65% compared to the 2023 peak of 0.6958, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 4,615 GHS

2023 Average 3,230 GHS

Yearly Trough Low 3,371 GHS

Transaction Impact: A difference of 1,243.93 GHS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.9279

0.6614

JanuMarcMayJulySeptNove

MDL 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 0.7548, compared to 0.8782 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1234 points.

H1 Avg (Jan–Jun) 0.7548

H2 Avg (Jul–Dec) 0.8782

Volatility Range Comparison

Volatility

The most volatile month in 2024 was November, with a trading range of 0.0841 GHS (High: 0.9229 / Low: 0.8388). On the other end, September was the most stable month, with a tight range of 0.0123 GHS (High: 0.9094 / Low: 0.8971).

November Spread (Volatile) ±0.0841

September Spread (Stable) ±0.0123

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 0.0820 points.

Longest Streak 9 Mo.

Sharpest MoM Drop -0.0820

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2024: 0.8890) against the same month in 2023 (average: 0.6692), the exchange rate shifted by +0.2199 (+32.86%).

2024 Avg (November) 0.8890

2023 Avg (November) 0.6692

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.6982	0.6742	0.6836
February	0.7120	0.6940	0.7000
March	0.7518	0.7147	0.7329
April	0.7738	0.7494	0.7584
May	0.8405	0.7745	0.8047
June	0.8565	0.8370	0.8490
July	0.8818	0.8586	0.8714
August	0.9105	0.8757	0.8924
September	0.9094	0.8971	0.9036
October	0.9146	0.8953	0.9057
November	0.9229	0.8388	0.8890
December	0.8410	0.7972	0.8071