2023 ETB to GHS Historical Review

YEARLY HIGH

0.2399 GHS

YEARLY LOW

0.1557 GHS

YEARLY AVERAGE

0.2136 GHS

2023 ETB to GHS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the ETB to GHS exchange rate experienced significant fluctuation. The market reached its absolute peak on February 23, valuing the pair at 0.2399. Conversely, the yearly low was recorded on January 1, dropping to 0.1557.

This high-to-low spread represents a total annual volatility of 0.0842 GHS. From a start-to-finish perspective, comparing the January average rate of 0.2134 to the December average rate of 0.2141, the exchange rate registered a net change of 0.29% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.2399 was down 12.60% compared to the 2022 peak of 0.2745, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 1,200 GHS

2022 Average 864 GHS

Yearly Trough Low 778 GHS

Transaction Impact: A difference of 421.16 GHS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.2352

0.2020

JanuMarcMayJulySeptNove

ETB 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 0.2172, compared to 0.2101 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0071 points.

H1 Avg (Jan–Jun) 0.2172

H2 Avg (Jul–Dec) 0.2101

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 0.0781 GHS (High: 0.2338 / Low: 0.1557). On the other end, November was the most stable month, with a tight range of 0.0028 GHS (High: 0.2155 / Low: 0.2127).

January Spread (Volatile) ±0.0781

November Spread (Stable) ±0.0028

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 0.0182 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0182

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2023: 0.2325) against the same month in 2022 (average: 0.1289), the exchange rate shifted by +0.1036 (+80.35%).

2023 Avg (February) 0.2325

2022 Avg (February) 0.1289

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.2338	0.1557	0.2134
February	0.2399	0.2267	0.2325
March	0.2379	0.2161	0.2294
April	0.2218	0.1983	0.2112
May	0.2182	0.1954	0.2090
June	0.2107	0.2042	0.2075
July	0.2121	0.2066	0.2081
August	0.2069	0.2025	0.2047
September	0.2103	0.2063	0.2081
October	0.2137	0.2084	0.2115
November	0.2155	0.2127	0.2142
December	0.2157	0.2125	0.2141