2020 CAD to GHS Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2020.
2020 CAD to GHS Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2020
During 2020, the CAD to GHS exchange rate experienced significant fluctuation. The market reached its absolute peak on December 7, valuing the pair at 4.6650. Conversely, the yearly low was recorded on March 19, dropping to 3.8700.
This high-to-low spread represents a total annual volatility of 0.7950 GHS. From a start-to-finish perspective, comparing the January average rate of 4.3221 to the December average rate of 4.5816, the exchange rate registered a net change of 6.01% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2020 high of 4.6650 was down 56.81% compared to the 2019 peak of 10.8016, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 CAD based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2020.
CAD to GHS Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 4.1471, compared to 4.4096 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.2625 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2020 was January, with a trading range of 0.2436 GHS (High: 4.3984 / Low: 4.1548). On the other end, October was the most stable month, with a tight range of 0.0869 GHS (High: 4.4406 / Low: 4.3537).
Growth Streaks & Declines
TrendsBetween March and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 9 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 0.2725 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2020: 4.5816) against the same month in 2019 (average: 4.3270), the exchange rate shifted by +0.2547 (+5.89%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 4.3984 | 4.1548 | 4.3221 |
| February | 4.1548 | 4.0054 | 4.0496 |
| March | 4.1041 | 3.8700 | 4.0058 |
| April | 4.1958 | 4.0347 | 4.1094 |
| May | 4.1972 | 4.0663 | 4.1279 |
| June | 4.3322 | 4.2266 | 4.2681 |
| July | 4.3342 | 4.2374 | 4.2759 |
| August | 4.4222 | 4.2986 | 4.3597 |
| September | 4.4362 | 4.3244 | 4.3782 |
| October | 4.4406 | 4.3537 | 4.4009 |
| November | 4.5115 | 4.3583 | 4.4613 |
| December | 4.6650 | 4.5249 | 4.5816 |