2024 XDR to GHS Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 XDR to GHS Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the XDR to GHS exchange rate experienced significant fluctuation. The market reached its absolute peak on November 5, valuing the pair at 21.8876. Conversely, the yearly low was recorded on January 9, dropping to 15.9016.
This high-to-low spread represents a total annual volatility of 5.9860 GHS. From a start-to-finish perspective, comparing the January average rate of 16.0841 to the December average rate of 19.3902, the exchange rate registered a net change of 20.56% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2024 high of 21.8876 was up 27.35% compared to the 2023 peak of 17.1871, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 XDR based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
XDR 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 17.7026, compared to 20.7437 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 3.0411 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was November, with a trading range of 1.8208 GHS (High: 21.8876 / Low: 20.0668). On the other end, September was the most stable month, with a tight range of 0.3132 GHS (High: 21.3737 / Low: 21.0605).
Growth Streaks & Declines
TrendsBetween January and October, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 9 straight months. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 1.8114 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (November 2024: 21.2016) against the same month in 2023 (average: 15.7916), the exchange rate shifted by +5.4100 (+34.26%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 16.4563 | 15.9016 | 16.0841 |
| February | 16.7835 | 16.3630 | 16.5388 |
| March | 17.5464 | 16.8067 | 17.2041 |
| April | 17.9981 | 17.5447 | 17.7519 |
| May | 19.5930 | 18.0509 | 18.7809 |
| June | 20.0907 | 19.5182 | 19.8558 |
| July | 20.6295 | 20.1234 | 20.4019 |
| August | 21.1399 | 20.6390 | 20.8461 |
| September | 21.3737 | 21.0605 | 21.1834 |
| October | 21.6785 | 21.2689 | 21.4391 |
| November | 21.8876 | 20.0668 | 21.2016 |
| December | 20.1136 | 19.1693 | 19.3902 |