2024 TRY to GHS Historical Review

YEARLY HIGH

0.4794 GHS

YEARLY LOW

0.3971 GHS

YEARLY AVERAGE

0.4394 GHS

2024 TRY to GHS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the TRY to GHS exchange rate experienced significant fluctuation. The market reached its absolute peak on November 10, valuing the pair at 0.4794. Conversely, the yearly low was recorded on January 13, dropping to 0.3971.

This high-to-low spread represents a total annual volatility of 0.0823 GHS. From a start-to-finish perspective, comparing the January average rate of 0.4003 to the December average rate of 0.4224, the exchange rate registered a net change of 5.52% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.4794 was down 29.85% compared to the 2023 peak of 0.6834, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 50,000 TRY based on timing:

Yearly Peak High 23,970 GHS

2023 Average 25,344 GHS

Yearly Trough Low 19,854 GHS

Transaction Impact: A difference of 4,115.93 GHS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.4755

0.3934

JanuMarcMayJulySeptNove

TRY 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 0.4209, compared to 0.4579 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0370 points.

H1 Avg (Jan–Jun) 0.4209

H2 Avg (Jul–Dec) 0.4579

Volatility Range Comparison

Volatility

The most volatile month in 2024 was November, with a trading range of 0.0376 GHS (High: 0.4794 / Low: 0.4418). On the other end, September was the most stable month, with a tight range of 0.0038 GHS (High: 0.4626 / Low: 0.4588).

November Spread (Volatile) ±0.0376

September Spread (Stable) ±0.0038

Growth Streaks & Declines

Trends

Between March and July, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 0.0430 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0430

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2024: 0.4654) against the same month in 2023 (average: 0.4167), the exchange rate shifted by +0.0487 (+11.69%).

2024 Avg (November) 0.4654

2023 Avg (November) 0.4167

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.4068	0.3971	0.4003
February	0.4083	0.4006	0.4045
March	0.4092	0.3975	0.4035
April	0.4215	0.4105	0.4154
May	0.4590	0.4218	0.4403
June	0.4661	0.4565	0.4615
July	0.4719	0.4641	0.4686
August	0.4687	0.4570	0.4630
September	0.4626	0.4588	0.4609
October	0.4756	0.4620	0.4674
November	0.4794	0.4418	0.4654
December	0.4424	0.4157	0.4224