2024 NZD to GHS Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 NZD to GHS Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the NZD to GHS exchange rate experienced significant fluctuation. The market reached its absolute peak on September 29, valuing the pair at 10.0092. Conversely, the yearly low was recorded on January 22, dropping to 7.3169.
This high-to-low spread represents a total annual volatility of 2.6923 GHS. From a start-to-finish perspective, comparing the January average rate of 7.4368 to the December average rate of 8.4845, the exchange rate registered a net change of 14.09% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2024 high of 10.0092 was up 23.38% compared to the 2023 peak of 8.1125, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 NZD based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
NZD to GHS Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 8.1314, compared to 9.3784 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 1.2470 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was May, with a trading range of 0.9754 GHS (High: 9.1035 / Low: 8.1281). On the other end, March was the most stable month, with a tight range of 0.2117 GHS (High: 7.9409 / Low: 7.7292).
Growth Streaks & Declines
TrendsBetween January and September, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 8 straight months. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 0.9921 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (September 2024: 9.7772) against the same month in 2023 (average: 6.8108), the exchange rate shifted by +2.9664 (+43.56%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 7.5762 | 7.3169 | 7.4368 |
| February | 7.7730 | 7.4986 | 7.6363 |
| March | 7.9409 | 7.7292 | 7.8585 |
| April | 8.1299 | 7.8842 | 8.0022 |
| May | 9.1035 | 8.1281 | 8.6268 |
| June | 9.3141 | 9.0660 | 9.2274 |
| July | 9.4639 | 9.1114 | 9.3071 |
| August | 9.8377 | 9.1809 | 9.4959 |
| September | 10.0092 | 9.6131 | 9.7772 |
| October | 9.9366 | 9.6216 | 9.7293 |
| November | 9.8749 | 9.0056 | 9.4765 |
| December | 9.0704 | 8.2224 | 8.4845 |