2024 NGN to GHS Historical Review

YEARLY HIGH

0.0140 GHS

YEARLY LOW

0.0077 GHS

YEARLY AVERAGE

0.0100 GHS

2024 NGN to GHS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the NGN to GHS exchange rate experienced significant fluctuation. The market reached its absolute peak on January 17, valuing the pair at 0.0140. Conversely, the yearly low was recorded on February 23, dropping to 0.0077.

This high-to-low spread represents a total annual volatility of 0.0063 GHS. From a start-to-finish perspective, comparing the January average rate of 0.0132 to the December average rate of 0.0094, the exchange rate registered a net change of -28.83% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.0140 was down 50.22% compared to the 2023 peak of 0.0280, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 1,000,000 NGN based on timing:

Yearly Peak High 13,955 GHS

2023 Average 19,749 GHS

Yearly Trough Low 7,701 GHS

Transaction Impact: A difference of 6,254.19 GHS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.0137

0.0080

JanuMarcMayJulySeptNove

NGN 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 0.0103, compared to 0.0097 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0006 points.

H1 Avg (Jan–Jun) 0.0103

H2 Avg (Jul–Dec) 0.0097

Volatility Range Comparison

Volatility

The most volatile month in 2024 was February, with a trading range of 0.0061 GHS (High: 0.0138 / Low: 0.0077). On the other end, December was the most stable month, with a tight range of 0.0004 GHS (High: 0.0095 / Low: 0.0091).

February Spread (Volatile) ±0.0061

December Spread (Stable) ±0.0004

Growth Streaks & Declines

Trends

Between May and July, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 0.0037 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0037

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2024: 0.0132) against the same month in 2023 (average: 0.0252), the exchange rate shifted by -0.0119 (-47.47%).

2024 Avg (January) 0.0132

2023 Avg (January) 0.0252

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0140	0.0125	0.0132
February	0.0138	0.0077	0.0095
March	0.0095	0.0080	0.0085
April	0.0112	0.0093	0.0105
May	0.0112	0.0094	0.0101
June	0.0109	0.0099	0.0101
July	0.0110	0.0093	0.0102
August	0.0099	0.0094	0.0098
September	0.0098	0.0094	0.0096
October	0.0099	0.0095	0.0098
November	0.0100	0.0091	0.0096
December	0.0095	0.0091	0.0094