2024 SRD to GHS Historical Review

YEARLY HIGH

0.5454 GHS

YEARLY LOW

0.3233 GHS

YEARLY AVERAGE

0.4420 GHS

2024 SRD to GHS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the SRD to GHS exchange rate experienced significant fluctuation. The market reached its absolute peak on August 13, valuing the pair at 0.5454. Conversely, the yearly low was recorded on January 9, dropping to 0.3233.

This high-to-low spread represents a total annual volatility of 0.2221 GHS. From a start-to-finish perspective, comparing the January average rate of 0.3283 to the December average rate of 0.4198, the exchange rate registered a net change of 27.85% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.5454 was up 39.67% compared to the 2023 peak of 0.3905, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 2,727 GHS

2023 Average 1,603 GHS

Yearly Trough Low 1,617 GHS

Transaction Impact: A difference of 1,110.26 GHS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.5631

0.3070

JanuMarcMayJulySeptNove

SRD 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 0.3908, compared to 0.4932 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1024 points.

H1 Avg (Jan–Jun) 0.3908

H2 Avg (Jul–Dec) 0.4932

Volatility Range Comparison

Volatility

The most volatile month in 2024 was May, with a trading range of 0.0553 GHS (High: 0.4605 / Low: 0.4052). On the other end, August was the most stable month, with a tight range of 0.0101 GHS (High: 0.5454 / Low: 0.5353).

May Spread (Volatile) ±0.0553

August Spread (Stable) ±0.0101

Growth Streaks & Declines

Trends

Between January and August, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 7 straight months. Conversely, the sharpest month-over-month decline occurred between October and November, when the average rate fell by 0.0370 points.

Longest Streak 7 Mo.

Sharpest MoM Drop -0.0370

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2024: 0.5418) against the same month in 2023 (average: 0.2947), the exchange rate shifted by +0.2471 (+83.86%).

2024 Avg (August) 0.5418

2023 Avg (August) 0.2947

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.3384	0.3233	0.3283
February	0.3584	0.3369	0.3447
March	0.3788	0.3576	0.3672
April	0.4040	0.3775	0.3884
May	0.4605	0.4052	0.4359
June	0.4981	0.4586	0.4800
July	0.5373	0.4961	0.5198
August	0.5454	0.5353	0.5418
September	0.5422	0.5134	0.5288
October	0.5157	0.4729	0.4929
November	0.4757	0.4328	0.4559
December	0.4338	0.4159	0.4198