2020 GHS to CDF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2020.
2020 GHS to CDF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2020
During 2020, the GHS to CDF exchange rate experienced significant fluctuation. The market reached its absolute peak on August 7, valuing the pair at 344.7140. Conversely, the yearly low was recorded on December 6, dropping to 253.7802.
This high-to-low spread represents a total annual volatility of 90.9338 CDF. From a start-to-finish perspective, comparing the January average rate of 298.4202 to the December average rate of 333.1034, the exchange rate registered a net change of 11.62% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2020 high of 344.7140 was up 1.70% compared to the 2019 peak of 338.9554, 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 2020.
GHS to CDF 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 308.1126, compared to 336.9722 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 28.8595 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2020 was December, with a trading range of 83.5485 CDF (High: 337.3288 / Low: 253.7802). On the other end, November was the most stable month, with a tight range of 1.9724 CDF (High: 337.7006 / Low: 335.7282).
Growth Streaks & Declines
TrendsBetween April and August, 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 February and March, when the average rate fell by 8.7996 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (August 2020: 340.1723) against the same month in 2019 (average: 305.5471), the exchange rate shifted by +34.6252 (+11.33%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 306.4091 | 295.1176 | 298.4202 |
| February | 318.7970 | 306.4091 | 314.3033 |
| March | 314.2111 | 296.1612 | 305.5037 |
| April | 302.3446 | 295.0077 | 297.5098 |
| May | 316.0980 | 299.0565 | 309.3223 |
| June | 332.0914 | 315.4710 | 323.6165 |
| July | 341.9378 | 328.6328 | 336.8546 |
| August | 344.7140 | 337.2695 | 340.1723 |
| September | 340.2415 | 337.8587 | 339.2075 |
| October | 339.6796 | 312.1584 | 335.4799 |
| November | 337.7006 | 335.7282 | 337.0153 |
| December | 337.3288 | 253.7802 | 333.1034 |