2024 NIO to GHS Historical Review

YEARLY HIGH

0.4464 GHS

YEARLY LOW

0.3241 GHS

YEARLY AVERAGE

0.3935 GHS

2024 NIO to GHS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the NIO to GHS exchange rate experienced significant fluctuation. The market reached its absolute peak on November 12, valuing the pair at 0.4464. Conversely, the yearly low was recorded on January 6, dropping to 0.3241.

This high-to-low spread represents a total annual volatility of 0.1223 GHS. From a start-to-finish perspective, comparing the January average rate of 0.3287 to the December average rate of 0.4019, the exchange rate registered a net change of 22.28% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.4464 was up 26.22% compared to the 2023 peak of 0.3537, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 2,232 GHS

2023 Average 1,599 GHS

Yearly Trough Low 1,621 GHS

Transaction Impact: A difference of 611.45 GHS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.4466

0.3179

JanuMarcMayJulySeptNove

NIO 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 0.3633, compared to 0.4238 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0605 points.

H1 Avg (Jan–Jun) 0.3633

H2 Avg (Jul–Dec) 0.4238

Volatility Range Comparison

Volatility

The most volatile month in 2024 was May, with a trading range of 0.0303 GHS (High: 0.4027 / Low: 0.3724). On the other end, August was the most stable month, with a tight range of 0.0042 GHS (High: 0.4260 / Low: 0.4218).

May Spread (Volatile) ±0.0303

August Spread (Stable) ±0.0042

Growth Streaks & Declines

Trends

Between January and November, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 10 straight months. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 0.0340 points.

Longest Streak 10 Mo.

Sharpest MoM Drop -0.0340

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2024: 0.4359) against the same month in 2023 (average: 0.3263), the exchange rate shifted by +0.1096 (+33.58%).

2024 Avg (November) 0.4359

2023 Avg (November) 0.3263

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.3367	0.3241	0.3287
February	0.3439	0.3361	0.3388
March	0.3604	0.3446	0.3517
April	0.3713	0.3601	0.3652
May	0.4027	0.3724	0.3863
June	0.4145	0.4007	0.4088
July	0.4221	0.4156	0.4192
August	0.4260	0.4218	0.4241
September	0.4294	0.4248	0.4266
October	0.4429	0.4299	0.4350
November	0.4464	0.4171	0.4359
December	0.4179	0.3981	0.4019