2023 EUR to GHS Historical Review

YEARLY HIGH

13.6690 GHS

YEARLY LOW

8.9362 GHS

YEARLY AVERAGE

12.6524 GHS

2023 EUR to GHS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the EUR to GHS exchange rate experienced significant fluctuation. The market reached its absolute peak on February 23, valuing the pair at 13.6690. Conversely, the yearly low was recorded on January 1, dropping to 8.9362.

This high-to-low spread represents a total annual volatility of 4.7328 GHS. From a start-to-finish perspective, comparing the January average rate of 12.3594 to the December average rate of 13.1316, the exchange rate registered a net change of 6.25% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 13.6690 was down 9.65% compared to the 2022 peak of 15.1291, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 68,345 GHS

2022 Average 47,081 GHS

Yearly Trough Low 44,681 GHS

Transaction Impact: A difference of 23,664.14 GHS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

13.4705

12.1585

JanuMarcMayJulySeptNove

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)

Seasonal

The average exchange rate in the first half of the year (H1: Jan–Jun) was 12.6932, compared to 12.6115 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0816 points.

H1 Avg (Jan–Jun) 12.6932

H2 Avg (Jul–Dec) 12.6115

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 4.6532 GHS (High: 13.5894 / Low: 8.9362). On the other end, September was the most stable month, with a tight range of 0.1648 GHS (High: 12.3324 / Low: 12.1676).

January Spread (Volatile) ±4.6532

September Spread (Stable) ±0.1648

Growth Streaks & Declines

Trends

Between September and December, 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 0.6355 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.6355

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2023: 13.3612) against the same month in 2022 (average: 7.3825), the exchange rate shifted by +5.9787 (+80.98%).

2023 Avg (February) 13.3612

2022 Avg (February) 7.3825

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	13.5894	8.9362	12.3594
February	13.6690	13.0279	13.3612
March	13.6444	12.6606	13.2118
April	13.2167	11.7270	12.5763
May	13.2286	11.4666	12.3690
June	12.6059	11.9322	12.2813
July	12.9426	12.3290	12.6163
August	12.5007	12.1868	12.3038
September	12.3324	12.1676	12.2678
October	12.6251	12.1557	12.4263
November	13.1996	12.6114	12.9235
December	13.3502	12.9281	13.1316