2019 GHS to ARS Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2019.
2019 GHS to ARS Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2019
During 2019, the GHS to ARS exchange rate experienced significant fluctuation. The market reached its absolute peak on August 14, valuing the pair at 11.1053. Conversely, the yearly low was recorded on May 19, dropping to 3.0957.
This high-to-low spread represents a total annual volatility of 8.0095 ARS. From a start-to-finish perspective, comparing the January average rate of 7.6250 to the December average rate of 10.4955, the exchange rate registered a net change of 37.65% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2019 high of 11.1053 was up 28.64% compared to the 2018 peak of 8.6330, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 GHS based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2019.
GHS to ARS 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 7.9015, compared to 9.9622 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 2.0607 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2019 was May, with a trading range of 5.6869 ARS (High: 8.7826 / Low: 3.0957). On the other end, November was the most stable month, with a tight range of 0.1758 ARS (High: 10.8602 / Low: 10.6845).
Growth Streaks & Declines
TrendsBetween July and November, 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 May and June, when the average rate fell by 0.3487 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (August 2019: 9.6025) against the same month in 2018 (average: 6.2258), the exchange rate shifted by +3.3766 (+54.24%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 7.7898 | 7.4035 | 7.6250 |
| February | 7.5440 | 7.0971 | 7.2893 |
| March | 8.4631 | 7.1059 | 7.6250 |
| April | 8.9419 | 7.8829 | 8.3204 |
| May | 8.7826 | 3.0957 | 8.4490 |
| June | 8.3781 | 7.7473 | 8.1002 |
| July | 8.1339 | 7.6765 | 7.8701 |
| August | 11.1053 | 8.2277 | 9.6025 |
| September | 10.8765 | 10.0630 | 10.3223 |
| October | 10.9452 | 10.5809 | 10.7201 |
| November | 10.8602 | 10.6845 | 10.7625 |
| December | 10.6337 | 10.3774 | 10.4955 |