2023 GHS to BND Historical Review

YEARLY HIGH

0.1606 BND

YEARLY LOW

0.1041 BND

YEARLY AVERAGE

0.1151 BND

2023 GHS to BND Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the GHS to BND exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 0.1606. Conversely, the yearly low was recorded on February 23, dropping to 0.1041.

This high-to-low spread represents a total annual volatility of 0.0565 BND. From a start-to-finish perspective, comparing the January average rate of 0.1171 to the December average rate of 0.1108, the exchange rate registered a net change of -5.37% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.1606 was down 27.17% compared to the 2022 peak of 0.2205, 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 803 BND

2022 Average 813 BND

Yearly Trough Low 520 BND

Transaction Impact: A difference of 282.52 BND purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.1211

0.1054

JanuMarcMayJulySeptNove

GHS to BND 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 0.1143, compared to 0.1159 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0016 points.

H1 Avg (Jan–Jun) 0.1143

H2 Avg (Jul–Dec) 0.1159

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 0.0554 BND (High: 0.1606 / Low: 0.1051). On the other end, December was the most stable month, with a tight range of 0.0019 BND (High: 0.1118 / Low: 0.1099).

January Spread (Volatile) ±0.0554

December Spread (Stable) ±0.0019

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 0.0104 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0104

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.1171) against the same month in 2022 (average: 0.2173), the exchange rate shifted by -0.1001 (-46.09%).

2023 Avg (January) 0.1171

2022 Avg (January) 0.2173

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1606	0.1051	0.1171
February	0.1089	0.1041	0.1067
March	0.1140	0.1048	0.1087
April	0.1234	0.1106	0.1164
May	0.1264	0.1122	0.1180
June	0.1213	0.1172	0.1188
July	0.1198	0.1138	0.1170
August	0.1212	0.1177	0.1198
September	0.1195	0.1175	0.1186
October	0.1184	0.1148	0.1164
November	0.1150	0.1110	0.1129
December	0.1118	0.1099	0.1108