2021 GHS to BIF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2021.
2021 GHS to BIF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2021
During 2021, the GHS to BIF exchange rate experienced significant fluctuation. The market reached its absolute peak on May 20, valuing the pair at 342.8100. Conversely, the yearly low was recorded on December 9, dropping to 322.6912.
This high-to-low spread represents a total annual volatility of 20.1187 BIF. From a start-to-finish perspective, comparing the January average rate of 332.5853 to the December average rate of 325.2010, the exchange rate registered a net change of -2.22% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2021 high of 342.8100 was down 3.56% compared to the 2020 peak of 355.4511, 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 2021.
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 338.2329, compared to 328.6990 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 9.5339 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2021 was July, with a trading range of 6.6927 BIF (High: 338.1275 / Low: 331.4348). On the other end, November was the most stable month, with a tight range of 3.1203 BIF (High: 327.6407 / Low: 324.5204).
Growth Streaks & Declines
TrendsBetween January and March, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between June and July, when the average rate fell by 6.4730 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (May 2021: 341.0972) against the same month in 2020 (average: 329.5734), the exchange rate shifted by +11.5238 (+3.50%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 335.3293 | 329.1961 | 332.5853 |
| February | 339.3111 | 333.1583 | 336.6306 |
| March | 342.3345 | 338.0872 | 340.4397 |
| April | 341.1969 | 336.0714 | 338.1841 |
| May | 342.8100 | 337.9101 | 341.0972 |
| June | 342.3143 | 338.5301 | 340.4602 |
| July | 338.1275 | 331.4348 | 333.9872 |
| August | 333.2317 | 327.9157 | 329.6089 |
| September | 333.3333 | 327.5815 | 329.6401 |
| October | 330.2730 | 326.6095 | 328.2049 |
| November | 327.6407 | 324.5204 | 325.5516 |
| December | 328.6839 | 322.6912 | 325.2010 |