2023 GHS to BWP Historical Review

YEARLY HIGH

1.5281 BWP

YEARLY LOW

1.0220 BWP

YEARLY AVERAGE

1.1449 BWP

2023 GHS to BWP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the GHS to BWP exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 1.5281. Conversely, the yearly low was recorded on January 27, dropping to 1.0220.

This high-to-low spread represents a total annual volatility of 0.5062 BWP. From a start-to-finish perspective, comparing the January average rate of 1.1267 to the December average rate of 1.1235, the exchange rate registered a net change of -0.28% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 1.5281 was down 20.09% compared to the 2022 peak of 1.9122, 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 7,641 BWP

2022 Average 7,238 BWP

Yearly Trough Low 5,110 BWP

Transaction Impact: A difference of 2,530.77 BWP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

1.2114

1.0334

JanuMarcMayJulySeptNove

GHS to BWP 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 1.1284, compared to 1.1614 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0330 points.

H1 Avg (Jan–Jun) 1.1284

H2 Avg (Jul–Dec) 1.1614

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 0.5062 BWP (High: 1.5281 / Low: 1.0220). On the other end, September was the most stable month, with a tight range of 0.0250 BWP (High: 1.2017 / Low: 1.1767).

January Spread (Volatile) ±0.5062

September Spread (Stable) ±0.0250

Growth Streaks & Declines

Trends

Between February and May, 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 0.0785 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0785

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 1.1267) against the same month in 2022 (average: 1.8677), the exchange rate shifted by -0.7410 (-39.67%).

2023 Avg (January) 1.1267

2022 Avg (January) 1.8677

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.5281	1.0220	1.1267
February	1.0718	1.0294	1.0482
March	1.1167	1.0328	1.0723
April	1.2214	1.0916	1.1487
May	1.2780	1.1124	1.1873
June	1.2323	1.1609	1.1871
July	1.1930	1.1233	1.1606
August	1.2178	1.1661	1.1966
September	1.2017	1.1767	1.1879
October	1.1891	1.1456	1.1680
November	1.1454	1.1201	1.1317
December	1.1393	1.1074	1.1235