2023 GHS to CAD Historical Review

YEARLY HIGH

0.1621 CAD

YEARLY LOW

0.1050 CAD

YEARLY AVERAGE

0.1157 CAD

2023 GHS to CAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the GHS to CAD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 0.1621. Conversely, the yearly low was recorded on February 23, dropping to 0.1050.

This high-to-low spread represents a total annual volatility of 0.0571 CAD. From a start-to-finish perspective, comparing the January average rate of 0.1184 to the December average rate of 0.1116, the exchange rate registered a net change of -5.78% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.1621 was down 21.79% compared to the 2022 peak of 0.2073, 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 811 CAD

2022 Average 766 CAD

Yearly Trough Low 525 CAD

Transaction Impact: A difference of 285.63 CAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.1207

0.1066

JanuMarcMayJulySeptNove

GHS to CAD 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 0.1154, compared to 0.1161 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0007 points.

H1 Avg (Jan–Jun) 0.1154

H2 Avg (Jul–Dec) 0.1161

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 0.0554 CAD (High: 0.1621 / Low: 0.1067). On the other end, October was the most stable month, with a tight range of 0.0029 CAD (High: 0.1183 / Low: 0.1154).

January Spread (Volatile) ±0.0554

October Spread (Stable) ±0.0029

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 0.0106 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0106

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.1184) against the same month in 2022 (average: 0.2032), the exchange rate shifted by -0.0848 (-41.72%).

2023 Avg (January) 0.1184

2022 Avg (January) 0.2032

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1621	0.1067	0.1184
February	0.1106	0.1050	0.1078
March	0.1161	0.1063	0.1111
April	0.1258	0.1112	0.1183
May	0.1268	0.1133	0.1192
June	0.1206	0.1147	0.1173
July	0.1178	0.1133	0.1160
August	0.1206	0.1171	0.1196
September	0.1196	0.1165	0.1180
October	0.1183	0.1154	0.1166
November	0.1161	0.1129	0.1148
December	0.1133	0.1097	0.1116