2023 EGP to GHS Historical Review

YEARLY HIGH

0.4211 GHS

YEARLY LOW

0.3372 GHS

YEARLY AVERAGE

0.3815 GHS

2023 EGP to GHS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the EGP to GHS exchange rate experienced significant fluctuation. The market reached its absolute peak on February 23, valuing the pair at 0.4211. Conversely, the yearly low was recorded on January 1, dropping to 0.3372.

This high-to-low spread represents a total annual volatility of 0.0839 GHS. From a start-to-finish perspective, comparing the January average rate of 0.3994 to the December average rate of 0.3891, the exchange rate registered a net change of -2.60% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.4211 was down 40.78% compared to the 2022 peak of 0.7111, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 2,105 GHS

2022 Average 2,318 GHS

Yearly Trough Low 1,686 GHS

Transaction Impact: A difference of 419.33 GHS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.4142

0.3605

JanuMarcMayJulySeptNove

EGP 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 0.3859, compared to 0.3771 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0088 points.

H1 Avg (Jan–Jun) 0.3859

H2 Avg (Jul–Dec) 0.3771

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 0.0812 GHS (High: 0.4184 / Low: 0.3372). On the other end, November was the most stable month, with a tight range of 0.0037 GHS (High: 0.3884 / Low: 0.3848).

January Spread (Volatile) ±0.0812

November Spread (Stable) ±0.0037

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 0.0292 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0292

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2023: 0.4097) against the same month in 2022 (average: 0.4140), the exchange rate shifted by -0.0043 (-1.04%).

2023 Avg (February) 0.4097

2022 Avg (February) 0.4140

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.4184	0.3372	0.3994
February	0.4211	0.3987	0.4097
March	0.4175	0.3792	0.4003
April	0.3897	0.3481	0.3710
May	0.3898	0.3444	0.3685
June	0.3724	0.3609	0.3665
July	0.3774	0.3653	0.3695
August	0.3701	0.3608	0.3649
September	0.3760	0.3691	0.3718
October	0.3849	0.3742	0.3808
November	0.3884	0.3848	0.3867
December	0.3912	0.3871	0.3891