2024 SYP to GHS Historical Review

YEARLY HIGH

0.0066 GHS

YEARLY LOW

0.0011 GHS

YEARLY AVERAGE

0.0056 GHS

2024 SYP to GHS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the SYP to GHS exchange rate experienced significant fluctuation. The market reached its absolute peak on November 10, valuing the pair at 0.0066. Conversely, the yearly low was recorded on December 22, dropping to 0.0011.

This high-to-low spread represents a total annual volatility of 0.0054 GHS. From a start-to-finish perspective, comparing the January average rate of 0.0048 to the December average rate of 0.0042, the exchange rate registered a net change of -12.18% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.0066 was up 27.75% compared to the 2023 peak of 0.0051, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 33 GHS

2023 Average 23 GHS

Yearly Trough Low 6 GHS

Transaction Impact: A difference of 27.16 GHS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.0066

0.0040

JanuMarcMayJulySeptNove

SYP 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 0.0053, compared to 0.0059 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0006 points.

H1 Avg (Jan–Jun) 0.0053

H2 Avg (Jul–Dec) 0.0059

Volatility Range Comparison

Volatility

The most volatile month in 2024 was December, with a trading range of 0.0050 GHS (High: 0.0061 / Low: 0.0011). On the other end, September was the most stable month, with a tight range of 0.0001 GHS (High: 0.0063 / Low: 0.0062).

December Spread (Volatile) ±0.0050

September Spread (Stable) ±0.0001

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 0.0022 points.

Longest Streak 10 Mo.

Sharpest MoM Drop -0.0022

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2024: 0.0064) against the same month in 2023 (average: 0.0048), the exchange rate shifted by +0.0016 (+34.29%).

2024 Avg (November) 0.0064

2023 Avg (November) 0.0048

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0049	0.0047	0.0048
February	0.0050	0.0049	0.0050
March	0.0053	0.0050	0.0051
April	0.0054	0.0053	0.0053
May	0.0059	0.0054	0.0057
June	0.0061	0.0059	0.0060
July	0.0062	0.0061	0.0061
August	0.0063	0.0061	0.0062
September	0.0063	0.0062	0.0062
October	0.0065	0.0063	0.0064
November	0.0066	0.0061	0.0064
December	0.0061	0.0011	0.0042