2023 AFN to GHS Historical Review

YEARLY HIGH

0.1738 GHS

YEARLY LOW

0.0950 GHS

YEARLY AVERAGE

0.1424 GHS

2023 AFN to GHS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the AFN to GHS exchange rate experienced significant fluctuation. The market reached its absolute peak on December 9, valuing the pair at 0.1738. Conversely, the yearly low was recorded on January 1, dropping to 0.0950.

This high-to-low spread represents a total annual volatility of 0.0787 GHS. From a start-to-finish perspective, comparing the January average rate of 0.1288 to the December average rate of 0.1719, the exchange rate registered a net change of 33.43% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.1738 was up 3.86% compared to the 2022 peak of 0.1673, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 869 GHS

2022 Average 505 GHS

Yearly Trough Low 475 GHS

Transaction Impact: A difference of 393.73 GHS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.1762

0.1245

JanuMarcMayJulySeptNove

AFN 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 0.1336, compared to 0.1513 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0177 points.

H1 Avg (Jan–Jun) 0.1336

H2 Avg (Jul–Dec) 0.1513

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 0.0462 GHS (High: 0.1412 / Low: 0.0950). On the other end, December was the most stable month, with a tight range of 0.0044 GHS (High: 0.1738 / Low: 0.1694).

January Spread (Volatile) ±0.0462

December Spread (Stable) ±0.0044

Growth Streaks & Declines

Trends

Between May and December, 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 March and April, when the average rate fell by 0.0087 points.

Longest Streak 7 Mo.

Sharpest MoM Drop -0.0087

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 0.1719) against the same month in 2022 (average: 0.1272), the exchange rate shifted by +0.0446 (+35.08%).

2023 Avg (December) 0.1719

2022 Avg (December) 0.1272

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1412	0.0950	0.1288
February	0.1467	0.1339	0.1393
March	0.1440	0.1343	0.1407
April	0.1390	0.1245	0.1321
May	0.1368	0.1213	0.1299
June	0.1344	0.1273	0.1306
July	0.1354	0.1295	0.1317
August	0.1408	0.1291	0.1336
September	0.1558	0.1403	0.1475
October	0.1622	0.1479	0.1558
November	0.1735	0.1602	0.1673
December	0.1738	0.1694	0.1719