2024 MXN to GHS Historical Review

YEARLY HIGH

0.8779 GHS

YEARLY LOW

0.6967 GHS

YEARLY AVERAGE

0.7902 GHS

2024 MXN to GHS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the MXN to GHS exchange rate experienced significant fluctuation. The market reached its absolute peak on May 27, valuing the pair at 0.8779. Conversely, the yearly low was recorded on January 17, dropping to 0.6967.

This high-to-low spread represents a total annual volatility of 0.1812 GHS. From a start-to-finish perspective, comparing the January average rate of 0.7062 to the December average rate of 0.7299, the exchange rate registered a net change of 3.37% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.8779 was up 23.63% compared to the 2023 peak of 0.7101, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 50,000 MXN based on timing:

Yearly Peak High 43,895 GHS

2023 Average 32,987 GHS

Yearly Trough Low 34,834 GHS

Transaction Impact: A difference of 9,061.23 GHS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.8670

0.6916

JanuMarcMayJulySeptNove

MXN 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 0.7800, compared to 0.8003 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0203 points.

H1 Avg (Jan–Jun) 0.7800

H2 Avg (Jul–Dec) 0.8003

Volatility Range Comparison

Volatility

The most volatile month in 2024 was November, with a trading range of 0.0760 GHS (High: 0.8280 / Low: 0.7520). On the other end, February was the most stable month, with a tight range of 0.0191 GHS (High: 0.7421 / Low: 0.7230).

November Spread (Volatile) ±0.0760

February Spread (Stable) ±0.0191

Growth Streaks & Declines

Trends

Between January and May, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 0.0594 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0594

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2024: 0.8459) against the same month in 2023 (average: 0.6411), the exchange rate shifted by +0.2048 (+31.95%).

2024 Avg (May) 0.8459

2023 Avg (May) 0.6411

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.7200	0.6967	0.7062
February	0.7421	0.7230	0.7291
March	0.8001	0.7439	0.7716
April	0.8185	0.7845	0.7997
May	0.8779	0.8062	0.8459
June	0.8690	0.7987	0.8275
July	0.8754	0.8278	0.8524
August	0.8393	0.7894	0.8148
September	0.8215	0.7796	0.8014
October	0.8278	0.8013	0.8139
November	0.8280	0.7520	0.7893
December	0.7534	0.7044	0.7299