2023 FKP to GHS Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 FKP to GHS Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the FKP to GHS exchange rate experienced significant fluctuation. The market reached its absolute peak on February 27, valuing the pair at 15.5344. Conversely, the yearly low was recorded on January 1, dropping to 10.0977.
This high-to-low spread represents a total annual volatility of 5.4367 GHS. From a start-to-finish perspective, comparing the January average rate of 14.0299 to the December average rate of 15.2267, the exchange rate registered a net change of 8.53% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 15.5344 was down 11.58% compared to the 2022 peak of 17.5688, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 FKP based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
FKP 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 14.4660, compared to 14.6049 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1389 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was January, with a trading range of 5.3786 GHS (High: 15.4763 / Low: 10.0977). On the other end, December was the most stable month, with a tight range of 0.3125 GHS (High: 15.3826 / Low: 15.0701).
Growth Streaks & Declines
TrendsBetween 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 0.7244 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (February 2023: 15.0622) against the same month in 2022 (average: 8.8095), the exchange rate shifted by +6.2528 (+70.98%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 15.4763 | 10.0977 | 14.0299 |
| February | 15.5344 | 14.6858 | 15.0622 |
| March | 15.3817 | 14.3819 | 14.9669 |
| April | 14.9641 | 13.3836 | 14.2425 |
| May | 14.9140 | 13.2082 | 14.1821 |
| June | 14.6629 | 13.8684 | 14.3125 |
| July | 14.9633 | 14.3796 | 14.6929 |
| August | 14.5385 | 14.1840 | 14.3237 |
| September | 14.3991 | 14.0225 | 14.2306 |
| October | 14.4783 | 14.0229 | 14.3134 |
| November | 15.2494 | 14.5115 | 14.8423 |
| December | 15.3826 | 15.0701 | 15.2267 |