2023 GHS to BGN Historical Review

YEARLY HIGH

0.2189 BGN

YEARLY LOW

0.1431 BGN

YEARLY AVERAGE

0.1550 BGN

2023 GHS to BGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the GHS to BGN exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 0.2189. Conversely, the yearly low was recorded on February 27, dropping to 0.1431.

This high-to-low spread represents a total annual volatility of 0.0758 BGN. From a start-to-finish perspective, comparing the January average rate of 0.1601 to the December average rate of 0.1490, the exchange rate registered a net change of -6.93% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.2189 was down 22.23% compared to the 2022 peak of 0.2814, 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 1,094 BGN

2022 Average 1,091 BGN

Yearly Trough Low 715 BGN

Transaction Impact: A difference of 379.14 BGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.1615

0.1451

JanuMarcMayJulySeptNove

GHS to BGN 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 0.1548, compared to 0.1552 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0004 points.

H1 Avg (Jan–Jun) 0.1548

H2 Avg (Jul–Dec) 0.1552

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 0.0750 BGN (High: 0.2189 / Low: 0.1439). On the other end, September was the most stable month, with a tight range of 0.0021 BGN (High: 0.1608 / Low: 0.1587).

January Spread (Volatile) ±0.0750

September Spread (Stable) ±0.0021

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 0.0136 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0136

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.1601) against the same month in 2022 (average: 0.2780), the exchange rate shifted by -0.1179 (-42.41%).

2023 Avg (January) 0.1601

2022 Avg (January) 0.2780

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.2189	0.1439	0.1601
February	0.1501	0.1431	0.1465
March	0.1542	0.1434	0.1481
April	0.1666	0.1480	0.1560
May	0.1705	0.1491	0.1586
June	0.1640	0.1551	0.1593
July	0.1586	0.1511	0.1551
August	0.1605	0.1565	0.1590
September	0.1608	0.1587	0.1595
October	0.1608	0.1551	0.1574
November	0.1552	0.1483	0.1514
December	0.1513	0.1466	0.1490