2024 ZAR to GHS Historical Review

YEARLY HIGH

0.9477 GHS

YEARLY LOW

0.6272 GHS

YEARLY AVERAGE

0.7919 GHS

2024 ZAR to GHS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the ZAR to GHS exchange rate experienced significant fluctuation. The market reached its absolute peak on November 7, valuing the pair at 0.9477. Conversely, the yearly low was recorded on January 22, dropping to 0.6272.

This high-to-low spread represents a total annual volatility of 0.3205 GHS. From a start-to-finish perspective, comparing the January average rate of 0.6424 to the December average rate of 0.8107, the exchange rate registered a net change of 26.19% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.9477 was up 29.78% compared to the 2023 peak of 0.7302, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 47,384 GHS

2023 Average 31,708 GHS

Yearly Trough Low 31,360 GHS

Transaction Impact: A difference of 16,024.28 GHS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.9382

0.6156

JanuMarcMayJulySeptNove

ZAR 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 0.7142, compared to 0.8697 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1556 points.

H1 Avg (Jan–Jun) 0.7142

H2 Avg (Jul–Dec) 0.8697

Volatility Range Comparison

Volatility

The most volatile month in 2024 was November, with a trading range of 0.0993 GHS (High: 0.9477 / Low: 0.8483). On the other end, October was the most stable month, with a tight range of 0.0209 GHS (High: 0.9238 / Low: 0.9029).

November Spread (Volatile) ±0.0993

October Spread (Stable) ±0.0209

Growth Streaks & Declines

Trends

Between 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 0.0827 points.

Longest Streak 9 Mo.

Sharpest MoM Drop -0.0827

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2024: 0.8934) against the same month in 2023 (average: 0.6443), the exchange rate shifted by +0.2490 (+38.65%).

2024 Avg (November) 0.8934

2023 Avg (November) 0.6443

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.6606	0.6272	0.6424
February	0.6660	0.6415	0.6551
March	0.7070	0.6636	0.6861
April	0.7295	0.6956	0.7118
May	0.8024	0.7369	0.7719
June	0.8439	0.7842	0.8176
July	0.8583	0.8250	0.8464
August	0.8851	0.8345	0.8639
September	0.9217	0.8715	0.8927
October	0.9238	0.9029	0.9113
November	0.9477	0.8483	0.8934
December	0.8485	0.7778	0.8107