2020 EUR to GHS Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2020.
2020 EUR to GHS Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2020
During 2020, the EUR to GHS exchange rate experienced significant fluctuation. The market reached its absolute peak on December 7, valuing the pair at 7.2325. Conversely, the yearly low was recorded on February 20, dropping to 5.7435.
This high-to-low spread represents a total annual volatility of 1.4889 GHS. From a start-to-finish perspective, comparing the January average rate of 6.2764 to the December average rate of 7.1434, the exchange rate registered a net change of 13.81% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2020 high of 7.2325 was down 55.40% compared to the 2019 peak of 16.2173, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 EUR based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2020.
EUR to GHS Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 6.2384, compared to 6.8606 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.6223 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2020 was March, with a trading range of 0.4626 GHS (High: 6.4275 / Low: 5.9648). On the other end, October was the most stable month, with a tight range of 0.1139 GHS (High: 6.9040 / Low: 6.7900).
Growth Streaks & Declines
TrendsBetween February and August, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 6 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 0.4036 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2020: 7.1434) against the same month in 2019 (average: 6.3316), the exchange rate shifted by +0.8118 (+12.82%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 6.3830 | 6.1023 | 6.2764 |
| February | 6.1019 | 5.7435 | 5.8728 |
| March | 6.4275 | 5.9648 | 6.1803 |
| April | 6.3973 | 6.1791 | 6.2767 |
| May | 6.4348 | 6.2314 | 6.3124 |
| June | 6.5901 | 6.3913 | 6.5116 |
| July | 6.8531 | 6.5016 | 6.6196 |
| August | 6.8946 | 6.7621 | 6.8283 |
| September | 6.8828 | 6.7392 | 6.8202 |
| October | 6.9040 | 6.7900 | 6.8404 |
| November | 7.0046 | 6.7795 | 6.9119 |
| December | 7.2325 | 7.0739 | 7.1434 |