2023 GHS to CDF Historical Review

YEARLY HIGH

244.7547 CDF

YEARLY LOW

159.1440 CDF

YEARLY AVERAGE

200.2603 CDF

2023 GHS to CDF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the GHS to CDF exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 244.7547. Conversely, the yearly low was recorded on February 24, dropping to 159.1440.

This high-to-low spread represents a total annual volatility of 85.6107 CDF. From a start-to-finish perspective, comparing the January average rate of 180.6432 to the December average rate of 226.4738, the exchange rate registered a net change of 25.37% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 244.7547 was down 24.91% compared to the 2022 peak of 325.9607, 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 1,223,773 CDF

2022 Average 1,192,288 CDF

Yearly Trough Low 795,720 CDF

Transaction Impact: A difference of 428,053.42 CDF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

232.5950

159.1400

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 182.8976, compared to 217.6229 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 34.7252 points.

H1 Avg (Jan–Jun) 182.8976

H2 Avg (Jul–Dec) 217.6229

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 81.1547 CDF (High: 244.7547 / Low: 163.6000). On the other end, June was the most stable month, with a tight range of 4.6785 CDF (High: 210.6195 / Low: 205.9410).

January Spread (Volatile) ±81.1547

June Spread (Stable) ±4.6785

Growth Streaks & Declines

Trends

Between February and August, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 6 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 15.3819 points.

Longest Streak 6 Mo.

Sharpest MoM Drop -15.3819

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 180.6432) against the same month in 2022 (average: 322.6155), the exchange rate shifted by -141.9722 (-44.01%).

2023 Avg (January) 180.6432

2022 Avg (January) 322.6155

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	244.7547	163.6000	180.6432
February	170.4913	159.1440	165.2613
March	175.6223	161.4558	167.7718
April	192.2893	171.5982	182.0993
May	215.3558	172.5849	193.1948
June	210.6195	205.9410	208.4155
July	225.1572	210.4803	216.4337
August	222.2743	216.9759	219.5771
September	219.2829	213.6153	216.1974
October	219.0135	210.7870	214.1173
November	226.8351	206.2563	212.9379
December	232.3803	221.2536	226.4738