2023 BWP to GHS Historical Review

YEARLY HIGH

0.9785 GHS

YEARLY LOW

0.6544 GHS

YEARLY AVERAGE

0.8760 GHS

2023 BWP to GHS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the BWP to GHS exchange rate experienced significant fluctuation. The market reached its absolute peak on January 27, valuing the pair at 0.9785. Conversely, the yearly low was recorded on January 1, dropping to 0.6544.

This high-to-low spread represents a total annual volatility of 0.3241 GHS. From a start-to-finish perspective, comparing the January average rate of 0.8963 to the December average rate of 0.8901, the exchange rate registered a net change of -0.69% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.9785 was down 13.83% compared to the 2022 peak of 1.1355, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 4,893 GHS

2022 Average 3,610 GHS

Yearly Trough Low 3,272 GHS

Transaction Impact: A difference of 1,620.53 GHS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.9660

0.8240

JanuMarcMayJulySeptNove

BWP 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 0.8904, compared to 0.8616 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0287 points.

H1 Avg (Jan–Jun) 0.8904

H2 Avg (Jul–Dec) 0.8616

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 0.3241 GHS (High: 0.9785 / Low: 0.6544). On the other end, September was the most stable month, with a tight range of 0.0177 GHS (High: 0.8499 / Low: 0.8322).

January Spread (Volatile) ±0.3241

September Spread (Stable) ±0.0177

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 0.0610 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0610

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.8963) against the same month in 2022 (average: 0.5355), the exchange rate shifted by +0.3608 (+67.38%).

2023 Avg (January) 0.8963

2022 Avg (January) 0.5355

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.9785	0.6544	0.8963
February	0.9714	0.9330	0.9542
March	0.9682	0.8955	0.9329
April	0.9161	0.8187	0.8719
May	0.8990	0.7825	0.8442
June	0.8614	0.8115	0.8426
July	0.8903	0.8382	0.8619
August	0.8576	0.8212	0.8358
September	0.8499	0.8322	0.8419
October	0.8729	0.8410	0.8563
November	0.8928	0.8731	0.8837
December	0.9030	0.8777	0.8901