2023 BRL to GHS Historical Review

YEARLY HIGH

2.5103 GHS

YEARLY LOW

1.5790 GHS

YEARLY AVERAGE

2.3419 GHS

2023 BRL to GHS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the BRL to GHS exchange rate experienced significant fluctuation. The market reached its absolute peak on February 23, valuing the pair at 2.5103. Conversely, the yearly low was recorded on January 1, dropping to 1.5790.

This high-to-low spread represents a total annual volatility of 0.9313 GHS. From a start-to-finish perspective, comparing the January average rate of 2.2103 to the December average rate of 2.4550, the exchange rate registered a net change of 11.07% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 2.5103 was down 9.77% compared to the 2022 peak of 2.7822, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 25,000 BRL based on timing:

Yearly Peak High 62,757 GHS

2022 Average 43,606 GHS

Yearly Trough Low 39,475 GHS

Transaction Impact: A difference of 23,281.96 GHS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

2.4795

2.1859

JanuMarcMayJulySeptNove

BRL 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 2.3147, compared to 2.3691 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0544 points.

H1 Avg (Jan–Jun) 2.3147

H2 Avg (Jul–Dec) 2.3691

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 0.8702 GHS (High: 2.4492 / Low: 1.5790). On the other end, November was the most stable month, with a tight range of 0.0598 GHS (High: 2.4635 / Low: 2.4037).

January Spread (Volatile) ±0.8702

November Spread (Stable) ±0.0598

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 0.0842 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0842

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2023: 2.4108) against the same month in 2022 (average: 1.2523), the exchange rate shifted by +1.1585 (+92.51%).

2023 Avg (February) 2.4108

2022 Avg (February) 1.2523

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.4492	1.5790	2.2103
February	2.5103	2.2981	2.4108
March	2.4691	2.3009	2.3664
April	2.4273	2.1309	2.2822
May	2.3878	2.1430	2.2839
June	2.4005	2.2458	2.3344
July	2.4501	2.3101	2.3777
August	2.3644	2.2462	2.2980
September	2.3693	2.2916	2.3231
October	2.3766	2.2486	2.3235
November	2.4635	2.4037	2.4370
December	2.4984	2.4227	2.4550