2017 GHS to BIF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2017.
2017 GHS to BIF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2017
During 2017, the GHS to BIF exchange rate experienced significant fluctuation. The market reached its absolute peak on May 5, valuing the pair at 408.8839. Conversely, the yearly low was recorded on March 6, dropping to 356.1980.
This high-to-low spread represents a total annual volatility of 52.6859 BIF. From a start-to-finish perspective, comparing the January average rate of 391.4664 to the December average rate of 389.8705, the exchange rate registered a net change of -0.41% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2017 high of 408.8839 was down 5.16% compared to the 2016 peak of 431.1216, 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 2017.
GHS to BIF 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 390.1870, compared to 393.2425 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 3.0555 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2017 was March, with a trading range of 39.1494 BIF (High: 395.3474 / Low: 356.1980). On the other end, December was the most stable month, with a tight range of 7.3948 BIF (High: 394.5470 / Low: 387.1522).
Growth Streaks & Declines
TrendsBetween July and October, 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 January and February, when the average rate fell by 11.0269 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (May 2017: 398.0447) against the same month in 2016 (average: 406.6918), the exchange rate shifted by -8.6471 (-2.13%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 397.1963 | 384.2572 | 391.4664 |
| February | 390.3596 | 364.9292 | 380.4395 |
| March | 395.3474 | 356.1980 | 374.6729 |
| April | 408.6449 | 391.1013 | 402.4279 |
| May | 408.8839 | 384.9717 | 398.0447 |
| June | 404.7340 | 389.3162 | 394.0706 |
| July | 397.4587 | 387.0662 | 393.2585 |
| August | 397.7386 | 388.5843 | 393.5357 |
| September | 397.5522 | 386.3495 | 394.1617 |
| October | 403.8195 | 395.8772 | 398.7315 |
| November | 399.1151 | 378.1473 | 389.8974 |
| December | 394.5470 | 387.1522 | 389.8705 |