2024 MGA to GHS Historical Review

YEARLY HIGH

0.0036 GHS

YEARLY LOW

0.0026 GHS

YEARLY AVERAGE

0.0032 GHS

2024 MGA to GHS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the MGA to GHS exchange rate experienced significant fluctuation. The market reached its absolute peak on November 5, valuing the pair at 0.0036. Conversely, the yearly low was recorded on January 4, dropping to 0.0026.

This high-to-low spread represents a total annual volatility of 0.0010 GHS. From a start-to-finish perspective, comparing the January average rate of 0.0026 to the December average rate of 0.0031, the exchange rate registered a net change of 19.18% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.0036 was up 18.69% compared to the 2023 peak of 0.0030, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 18 GHS

2023 Average 13 GHS

Yearly Trough Low 13 GHS

Transaction Impact: A difference of 4.85 GHS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.0036

0.0026

JanuMarcMayJulySeptNove

MGA 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 0.0030, compared to 0.0034 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0004 points.

H1 Avg (Jan–Jun) 0.0030

H2 Avg (Jul–Dec) 0.0034

Volatility Range Comparison

Volatility

The most volatile month in 2024 was November, with a trading range of 0.0003 GHS (High: 0.0036 / Low: 0.0033). On the other end, April was the most stable month, with a tight range of 0.0001 GHS (High: 0.0031 / Low: 0.0030).

November Spread (Volatile) ±0.0003

April Spread (Stable) ±0.0001

Growth Streaks & Declines

Trends

Between January and July, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 6 straight months. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 0.0003 points.

Longest Streak 6 Mo.

Sharpest MoM Drop -0.0003

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2024: 0.0034) against the same month in 2023 (average: 0.0026), the exchange rate shifted by +0.0008 (+30.36%).

2024 Avg (November) 0.0034

2023 Avg (November) 0.0026

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0027	0.0026	0.0026
February	0.0028	0.0027	0.0027
March	0.0030	0.0028	0.0029
April	0.0031	0.0030	0.0031
May	0.0033	0.0031	0.0032
June	0.0034	0.0033	0.0034
July	0.0035	0.0034	0.0034
August	0.0035	0.0034	0.0034
September	0.0035	0.0034	0.0035
October	0.0035	0.0035	0.0035
November	0.0036	0.0033	0.0034
December	0.0033	0.0031	0.0031