2023 BAM to GHS Historical Review

YEARLY HIGH

6.9941 GHS

YEARLY LOW

4.5563 GHS

YEARLY AVERAGE

6.4668 GHS

2023 BAM to GHS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the BAM to GHS exchange rate experienced significant fluctuation. The market reached its absolute peak on February 23, valuing the pair at 6.9941. Conversely, the yearly low was recorded on January 1, dropping to 4.5563.

This high-to-low spread represents a total annual volatility of 2.4378 GHS. From a start-to-finish perspective, comparing the January average rate of 6.3048 to the December average rate of 6.7094, the exchange rate registered a net change of 6.42% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 6.9941 was down 10.63% compared to the 2022 peak of 7.8257, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 34,970 GHS

2022 Average 24,071 GHS

Yearly Trough Low 22,781 GHS

Transaction Impact: A difference of 12,188.89 GHS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

6.8947

6.2188

JanuMarcMayJulySeptNove

BAM 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 6.4851, compared to 6.4485 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0366 points.

H1 Avg (Jan–Jun) 6.4851

H2 Avg (Jul–Dec) 6.4485

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 2.3948 GHS (High: 6.9511 / Low: 4.5563). On the other end, September was the most stable month, with a tight range of 0.0974 GHS (High: 6.3391 / Low: 6.2417).

January Spread (Volatile) ±2.3948

September Spread (Stable) ±0.0974

Growth Streaks & Declines

Trends

Between September and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 0.3269 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.3269

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2023: 6.8384) against the same month in 2022 (average: 3.7782), the exchange rate shifted by +3.0602 (+80.99%).

2023 Avg (February) 6.8384

2022 Avg (February) 3.7782

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	6.9511	4.5563	6.3048
February	6.9941	6.6698	6.8384
March	6.9775	6.4883	6.7488
April	6.7567	6.0155	6.4218
May	6.6892	5.8832	6.3219
June	6.4415	6.1296	6.2751
July	6.6580	6.2853	6.4509
August	6.3640	6.2472	6.2929
September	6.3391	6.2417	6.2821
October	6.4838	6.2216	6.3553
November	6.7407	6.4251	6.6003
December	6.8089	6.6109	6.7094