YEARLY HIGH
344.7140 CDF
YEARLY LOW
253.7802 CDF
YEARLY AVERAGE
322.5424 CDF

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.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 GHS based on timing:

Yearly Peak High 1,723,570 CDF
2019 Average 1,540,330 CDF
Yearly Trough Low 1,268,901 CDF
Transaction Impact: A difference of 454,668.98 CDF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2020.

344.4386
293.2435
JanuMarcMayJulySeptNove

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)

Seasonal

The 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.

H1 Avg (Jan–Jun) 308.1126
H2 Avg (Jul–Dec) 336.9722

Volatility Range Comparison

Volatility

The 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).

December Spread (Volatile) ±83.5485
November Spread (Stable) ±1.9724

Growth Streaks & Declines

Trends

Between 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.

Longest Streak 4 Mo.
Sharpest MoM Drop -8.7996

Same-Month Historical Baseline

YoY Baseline

Comparing 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%).

2020 Avg (August) 340.1723
2019 Avg (August) 305.5471

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