2023 CVE to GHS Historical Review

YEARLY HIGH

0.1241 GHS

YEARLY LOW

0.0808 GHS

YEARLY AVERAGE

0.1145 GHS

2023 CVE to GHS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the CVE to GHS exchange rate experienced significant fluctuation. The market reached its absolute peak on February 23, valuing the pair at 0.1241. Conversely, the yearly low was recorded on January 1, dropping to 0.0808.

This high-to-low spread represents a total annual volatility of 0.0432 GHS. From a start-to-finish perspective, comparing the January average rate of 0.1118 to the December average rate of 0.1188, the exchange rate registered a net change of 6.29% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.1241 was down 10.25% compared to the 2022 peak of 0.1382, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 620 GHS

2022 Average 426 GHS

Yearly Trough Low 404 GHS

Transaction Impact: A difference of 216.24 GHS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.1221

0.1100

JanuMarcMayJulySeptNove

CVE 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 0.1148, compared to 0.1142 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0006 points.

H1 Avg (Jan–Jun) 0.1148

H2 Avg (Jul–Dec) 0.1142

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 0.0419 GHS (High: 0.1227 / Low: 0.0808). On the other end, September was the most stable month, with a tight range of 0.0019 GHS (High: 0.1124 / Low: 0.1106).

January Spread (Volatile) ±0.0419

September Spread (Stable) ±0.0019

Growth Streaks & Declines

Trends

Between September and December, 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 0.0060 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0060

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2023: 0.1211) against the same month in 2022 (average: 0.0667), the exchange rate shifted by +0.0544 (+81.62%).

2023 Avg (February) 0.1211

2022 Avg (February) 0.0667

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1227	0.0808	0.1118
February	0.1241	0.1181	0.1211
March	0.1236	0.1147	0.1196
April	0.1196	0.1062	0.1137
May	0.1183	0.1044	0.1118
June	0.1139	0.1075	0.1110
July	0.1181	0.1110	0.1143
August	0.1129	0.1107	0.1115
September	0.1124	0.1106	0.1112
October	0.1141	0.1102	0.1126
November	0.1193	0.1137	0.1168
December	0.1206	0.1165	0.1188