2023 GHS to BBD Historical Review

YEARLY HIGH

0.2396 BBD

YEARLY LOW

0.1551 BBD

YEARLY AVERAGE

0.1715 BBD

2023 GHS to BBD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the GHS to BBD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 0.2396. Conversely, the yearly low was recorded on February 23, dropping to 0.1551.

This high-to-low spread represents a total annual volatility of 0.0845 BBD. From a start-to-finish perspective, comparing the January average rate of 0.1764 to the December average rate of 0.1664, the exchange rate registered a net change of -5.68% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.2396 was down 26.32% compared to the 2022 peak of 0.3252, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 1,198 BBD

2022 Average 1,183 BBD

Yearly Trough Low 775 BBD

Transaction Impact: A difference of 422.65 BBD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.1791

0.1585

JanuMarcMayJulySeptNove

GHS to BBD 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 0.1711, compared to 0.1718 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0006 points.

H1 Avg (Jan–Jun) 0.1711

H2 Avg (Jul–Dec) 0.1718

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 0.0796 BBD (High: 0.2396 / Low: 0.1600). On the other end, December was the most stable month, with a tight range of 0.0018 BBD (High: 0.1671 / Low: 0.1653).

January Spread (Volatile) ±0.0796

December Spread (Stable) ±0.0018

Growth Streaks & Declines

Trends

Between February and June, 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 January and February, when the average rate fell by 0.0161 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0161

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.1764) against the same month in 2022 (average: 0.3218), the exchange rate shifted by -0.1454 (-45.18%).

2023 Avg (January) 0.1764

2022 Avg (January) 0.3218

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.2396	0.1600	0.1764
February	0.1645	0.1551	0.1603
March	0.1717	0.1564	0.1623
April	0.1859	0.1661	0.1751
May	0.1879	0.1688	0.1762
June	0.1796	0.1738	0.1766
July	0.1772	0.1721	0.1753
August	0.1791	0.1749	0.1773
September	0.1753	0.1721	0.1741
October	0.1724	0.1681	0.1701
November	0.1687	0.1666	0.1675
December	0.1671	0.1653	0.1664