2024 MMK to GHS Historical Review

YEARLY HIGH

0.0079 GHS

YEARLY LOW

0.0047 GHS

YEARLY AVERAGE

0.0068 GHS

2024 MMK to GHS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the MMK to GHS exchange rate experienced significant fluctuation. The market reached its absolute peak on November 10, valuing the pair at 0.0079. Conversely, the yearly low was recorded on July 20, dropping to 0.0047.

This high-to-low spread represents a total annual volatility of 0.0031 GHS. From a start-to-finish perspective, comparing the January average rate of 0.0057 to the December average rate of 0.0070, the exchange rate registered a net change of 22.82% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.0079 was up 27.85% compared to the 2023 peak of 0.0061, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 39 GHS

2023 Average 28 GHS

Yearly Trough Low 24 GHS

Transaction Impact: A difference of 15.52 GHS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.0078

0.0055

JanuMarcMayJulySeptNove

MMK 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 0.0063, compared to 0.0074 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0010 points.

H1 Avg (Jan–Jun) 0.0063

H2 Avg (Jul–Dec) 0.0074

Volatility Range Comparison

Volatility

The most volatile month in 2024 was July, with a trading range of 0.0027 GHS (High: 0.0074 / Low: 0.0047). On the other end, September was the most stable month, with a tight range of 0.0001 GHS (High: 0.0075 / Low: 0.0074).

July Spread (Volatile) ±0.0027

September Spread (Stable) ±0.0001

Growth Streaks & Declines

Trends

Between January and June, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 0.0006 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0006

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2024: 0.0076) against the same month in 2023 (average: 0.0057), the exchange rate shifted by +0.0020 (+34.26%).

2024 Avg (November) 0.0076

2023 Avg (November) 0.0057

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0059	0.0057	0.0057
February	0.0060	0.0059	0.0059
March	0.0063	0.0060	0.0062
April	0.0065	0.0063	0.0064
May	0.0071	0.0065	0.0068
June	0.0073	0.0061	0.0069
July	0.0074	0.0047	0.0069
August	0.0075	0.0074	0.0074
September	0.0075	0.0074	0.0075
October	0.0078	0.0075	0.0076
November	0.0079	0.0073	0.0076
December	0.0073	0.0070	0.0070