2023 DOP to GHS Historical Review

YEARLY HIGH

0.2315 GHS

YEARLY LOW

0.1484 GHS

YEARLY AVERAGE

0.2088 GHS

2023 DOP to GHS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the DOP to GHS exchange rate experienced significant fluctuation. The market reached its absolute peak on February 27, valuing the pair at 0.2315. Conversely, the yearly low was recorded on January 1, dropping to 0.1484.

This high-to-low spread represents a total annual volatility of 0.0831 GHS. From a start-to-finish perspective, comparing the January average rate of 0.2023 to the December average rate of 0.2097, the exchange rate registered a net change of 3.68% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.2315 was down 13.53% compared to the 2022 peak of 0.2677, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 1,157 GHS

2022 Average 823 GHS

Yearly Trough Low 742 GHS

Transaction Impact: A difference of 415.57 GHS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.2269

0.1966

JanuMarcMayJulySeptNove

DOP 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 0.2122, compared to 0.2055 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0066 points.

H1 Avg (Jan–Jun) 0.2122

H2 Avg (Jul–Dec) 0.2055

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 0.0719 GHS (High: 0.2203 / Low: 0.1484). On the other end, November was the most stable month, with a tight range of 0.0027 GHS (High: 0.2119 / Low: 0.2092).

January Spread (Volatile) ±0.0719

November Spread (Stable) ±0.0027

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 0.0152 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0152

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2023: 0.2223) against the same month in 2022 (average: 0.1146), the exchange rate shifted by +0.1077 (+93.98%).

2023 Avg (February) 0.2223

2022 Avg (February) 0.1146

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.2203	0.1484	0.2023
February	0.2315	0.2159	0.2223
March	0.2303	0.2126	0.2244
April	0.2200	0.1959	0.2092
May	0.2174	0.1950	0.2084
June	0.2094	0.2040	0.2064
July	0.2073	0.2022	0.2044
August	0.2014	0.1969	0.1992
September	0.2042	0.2002	0.2024
October	0.2093	0.2039	0.2071
November	0.2119	0.2092	0.2104
December	0.2117	0.2063	0.2097