YEARLY HIGH
261.1111 BIF
YEARLY LOW
160.4028 BIF
YEARLY AVERAGE
218.5765 BIF

2023 GHS to BIF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the GHS to BIF exchange rate experienced significant fluctuation. The market reached its absolute peak on May 19, valuing the pair at 261.1111. Conversely, the yearly low was recorded on February 25, dropping to 160.4028.

This high-to-low spread represents a total annual volatility of 100.7083 BIF. From a start-to-finish perspective, comparing the January average rate of 182.4571 to the December average rate of 237.1372, the exchange rate registered a net change of 29.97% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 261.1111 was down 19.95% compared to the 2022 peak of 326.2044, 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 1,305,556 BIF
2022 Average 1,205,288 BIF
Yearly Trough Low 802,014 BIF
Transaction Impact: A difference of 503,541.32 BIF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

259.8309
157.6050
JanuMarcMayJulySeptNove

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)

Seasonal

The average exchange rate in the first half of the year (H1: Jan–Jun) was 193.4116, compared to 243.7415 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 50.3299 points.

H1 Avg (Jan–Jun) 193.4116
H2 Avg (Jul–Dec) 243.7415

Volatility Range Comparison

Volatility

The most volatile month in 2023 was May, with a trading range of 85.2506 BIF (High: 261.1111 / Low: 175.8606). On the other end, December was the most stable month, with a tight range of 1.8022 BIF (High: 238.0818 / Low: 236.2796).

May Spread (Volatile) ±85.2506
December Spread (Stable) ±1.8022

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 16.3332 points.

Longest Streak 4 Mo.
Sharpest MoM Drop -16.3332

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2023: 211.6067) against the same month in 2022 (average: 266.1391), the exchange rate shifted by -54.5323 (-20.49%).

2023 Avg (May) 211.6067
2022 Avg (May) 266.1391

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 247.8024 164.8800 182.4571
February 170.6228 160.4028 166.1238
March 178.9700 161.9137 168.4425
April 193.6396 172.7990 181.9925
May 261.1111 175.8606 211.6067
June 253.6476 246.1549 249.8468
July 251.9332 243.6505 248.0344
August 253.7584 247.6157 251.3121
September 249.1323 244.5163 246.8518
October 245.1391 238.5853 241.3463
November 238.6267 236.1159 237.7672
December 238.0818 236.2796 237.1372