2023 DJF to GHS Historical Review

YEARLY HIGH

0.0725 GHS

YEARLY LOW

0.0470 GHS

YEARLY AVERAGE

0.0657 GHS

2023 DJF to GHS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the DJF to GHS exchange rate experienced significant fluctuation. The market reached its absolute peak on February 23, valuing the pair at 0.0725. Conversely, the yearly low was recorded on January 1, dropping to 0.0470.

This high-to-low spread represents a total annual volatility of 0.0256 GHS. From a start-to-finish perspective, comparing the January average rate of 0.0644 to the December average rate of 0.0675, the exchange rate registered a net change of 4.81% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0725 was down 11.76% compared to the 2022 peak of 0.0822, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 363 GHS

2022 Average 253 GHS

Yearly Trough Low 235 GHS

Transaction Impact: A difference of 127.85 GHS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0708

0.0627

JanuMarcMayJulySeptNove

DJF 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 0.0660, compared to 0.0655 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0005 points.

H1 Avg (Jan–Jun) 0.0660

H2 Avg (Jul–Dec) 0.0655

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 0.0233 GHS (High: 0.0703 / Low: 0.0470). On the other end, November was the most stable month, with a tight range of 0.0007 GHS (High: 0.0676 / Low: 0.0669).

January Spread (Volatile) ±0.0233

November Spread (Stable) ±0.0007

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 0.0050 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0050

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2023: 0.0702) against the same month in 2022 (average: 0.0366), the exchange rate shifted by +0.0336 (+91.72%).

2023 Avg (February) 0.0702

2022 Avg (February) 0.0366

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0703	0.0470	0.0644
February	0.0725	0.0682	0.0702
March	0.0719	0.0655	0.0694
April	0.0676	0.0605	0.0644
May	0.0667	0.0598	0.0639
June	0.0648	0.0626	0.0636
July	0.0654	0.0636	0.0642
August	0.0643	0.0624	0.0634
September	0.0651	0.0641	0.0645
October	0.0669	0.0651	0.0661
November	0.0676	0.0669	0.0672
December	0.0679	0.0671	0.0675