2023 BMD to GHS Historical Review

YEARLY HIGH

12.8975 GHS

YEARLY LOW

8.3473 GHS

YEARLY AVERAGE

11.6915 GHS

2023 BMD to GHS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the BMD to GHS exchange rate experienced significant fluctuation. The market reached its absolute peak on February 23, valuing the pair at 12.8975. Conversely, the yearly low was recorded on January 1, dropping to 8.3473.

This high-to-low spread represents a total annual volatility of 4.5502 GHS. From a start-to-finish perspective, comparing the January average rate of 11.4481 to the December average rate of 12.0215, the exchange rate registered a net change of 5.01% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 12.8975 was down 11.82% compared to the 2022 peak of 14.6267, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 64,487 GHS

2022 Average 45,054 GHS

Yearly Trough Low 41,736 GHS

Transaction Impact: A difference of 22,751.12 GHS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

12.6066

11.1569

JanuMarcMayJulySeptNove

BMD 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 11.7330, compared to 11.6499 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0830 points.

H1 Avg (Jan–Jun) 11.7330

H2 Avg (Jul–Dec) 11.6499

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 4.1527 GHS (High: 12.5000 / Low: 8.3473). On the other end, December was the most stable month, with a tight range of 0.1319 GHS (High: 12.0974 / Low: 11.9655).

January Spread (Volatile) ±4.1527

December Spread (Stable) ±0.1319

Growth Streaks & Declines

Trends

Between August and December, 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 March and April, when the average rate fell by 0.8883 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.8883

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2023: 12.4858) against the same month in 2022 (average: 6.5101), the exchange rate shifted by +5.9757 (+91.79%).

2023 Avg (February) 12.4858

2022 Avg (February) 6.5101

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	12.5000	8.3473	11.4481
February	12.8975	12.1599	12.4858
March	12.7894	11.6500	12.3316
April	12.0426	10.7557	11.4433
May	11.8479	10.6417	11.3644
June	11.5060	11.1375	11.3246
July	11.6237	11.2867	11.4084
August	11.4375	11.1674	11.2777
September	11.6195	11.4073	11.4885
October	11.8981	11.5990	11.7608
November	12.0036	11.8519	11.9427
December	12.0974	11.9655	12.0215