2024 NAD to GHS Historical Review

YEARLY HIGH

0.9411 GHS

YEARLY LOW

0.6283 GHS

YEARLY AVERAGE

0.7921 GHS

2024 NAD to GHS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the NAD to GHS exchange rate experienced significant fluctuation. The market reached its absolute peak on November 5, valuing the pair at 0.9411. Conversely, the yearly low was recorded on January 22, dropping to 0.6283.

This high-to-low spread represents a total annual volatility of 0.3127 GHS. From a start-to-finish perspective, comparing the January average rate of 0.6412 to the December average rate of 0.8114, the exchange rate registered a net change of 26.53% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.9411 was up 28.95% compared to the 2023 peak of 0.7298, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 4,705 GHS

2023 Average 3,163 GHS

Yearly Trough Low 3,142 GHS

Transaction Impact: A difference of 1,563.61 GHS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.9381

0.6142

JanuMarcMayJulySeptNove

NAD 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 0.7143, compared to 0.8700 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1558 points.

H1 Avg (Jan–Jun) 0.7143

H2 Avg (Jul–Dec) 0.8700

Volatility Range Comparison

Volatility

The most volatile month in 2024 was November, with a trading range of 0.0908 GHS (High: 0.9411 / Low: 0.8502). On the other end, October was the most stable month, with a tight range of 0.0202 GHS (High: 0.9249 / Low: 0.9047).

November Spread (Volatile) ±0.0908

October Spread (Stable) ±0.0202

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 0.0835 points.

Longest Streak 9 Mo.

Sharpest MoM Drop -0.0835

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2024: 0.8949) against the same month in 2023 (average: 0.6373), the exchange rate shifted by +0.2576 (+40.42%).

2024 Avg (November) 0.8949

2023 Avg (November) 0.6373

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.6623	0.6283	0.6412
February	0.6704	0.6483	0.6568
March	0.7018	0.6625	0.6862
April	0.7284	0.7000	0.7117
May	0.8052	0.7351	0.7729
June	0.8458	0.7860	0.8167
July	0.8567	0.8314	0.8460
August	0.8872	0.8370	0.8653
September	0.9178	0.8708	0.8915
October	0.9249	0.9047	0.9111
November	0.9411	0.8502	0.8949
December	0.8529	0.7794	0.8114