2023 CDF to GHS Historical Review

YEARLY HIGH

0.0063 GHS

YEARLY LOW

0.0041 GHS

YEARLY AVERAGE

0.0051 GHS

2023 CDF to GHS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the CDF to GHS exchange rate experienced significant fluctuation. The market reached its absolute peak on February 24, valuing the pair at 0.0063. Conversely, the yearly low was recorded on January 1, dropping to 0.0041.

This high-to-low spread represents a total annual volatility of 0.0022 GHS. From a start-to-finish perspective, comparing the January average rate of 0.0056 to the December average rate of 0.0044, the exchange rate registered a net change of -20.96% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0063 was down 11.79% compared to the 2022 peak of 0.0071, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 31 GHS

2022 Average 22 GHS

Yearly Trough Low 20 GHS

Transaction Impact: A difference of 10.99 GHS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0062

0.0043

JanuMarcMayJulySeptNove

CDF 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 0.0055, compared to 0.0046 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0009 points.

H1 Avg (Jan–Jun) 0.0055

H2 Avg (Jul–Dec) 0.0046

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 0.0020 GHS (High: 0.0061 / Low: 0.0041). On the other end, June was the most stable month, with a tight range of 0.0001 GHS (High: 0.0049 / Low: 0.0047).

January Spread (Volatile) ±0.0020

June Spread (Stable) ±0.0001

Growth Streaks & Declines

Trends

Between August and November, 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 0.0005 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0005

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2023: 0.0061) against the same month in 2022 (average: 0.0032), the exchange rate shifted by +0.0028 (+86.86%).

2023 Avg (February) 0.0061

2022 Avg (February) 0.0032

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0061	0.0041	0.0056
February	0.0063	0.0059	0.0061
March	0.0062	0.0057	0.0060
April	0.0058	0.0052	0.0055
May	0.0058	0.0046	0.0052
June	0.0049	0.0047	0.0048
July	0.0048	0.0044	0.0046
August	0.0046	0.0045	0.0046
September	0.0047	0.0046	0.0046
October	0.0047	0.0046	0.0047
November	0.0048	0.0044	0.0047
December	0.0045	0.0043	0.0044