2023 GHS to CNY Historical Review

YEARLY HIGH

0.8264 CNY

YEARLY LOW

0.5356 CNY

YEARLY AVERAGE

0.6065 CNY

2023 GHS to CNY Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the GHS to CNY exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 0.8264. Conversely, the yearly low was recorded on February 23, dropping to 0.5356.

This high-to-low spread represents a total annual volatility of 0.2908 CNY. From a start-to-finish perspective, comparing the January average rate of 0.5993 to the December average rate of 0.5921, the exchange rate registered a net change of -1.20% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.8264 was down 20.26% compared to the 2022 peak of 1.0363, 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 4,132 CNY

2022 Average 3,942 CNY

Yearly Trough Low 2,678 CNY

Transaction Impact: A difference of 1,453.90 CNY purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.6513

0.5389

JanuMarcMayJulySeptNove

GHS to CNY 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 0.5929, compared to 0.6201 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0273 points.

H1 Avg (Jan–Jun) 0.5929

H2 Avg (Jul–Dec) 0.6201

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 0.2837 CNY (High: 0.8264 / Low: 0.5427). On the other end, June was the most stable month, with a tight range of 0.0104 CNY (High: 0.6364 / Low: 0.6260).

January Spread (Volatile) ±0.2837

June Spread (Stable) ±0.0104

Growth Streaks & Declines

Trends

Between February and June, 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 January and February, when the average rate fell by 0.0511 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0511

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.5993) against the same month in 2022 (average: 1.0225), the exchange rate shifted by -0.4231 (-41.38%).

2023 Avg (January) 0.5993

2022 Avg (January) 1.0225

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.8264	0.5427	0.5993
February	0.5584	0.5356	0.5483
March	0.5896	0.5371	0.5592
April	0.6396	0.5710	0.6027
May	0.6612	0.5834	0.6159
June	0.6364	0.6260	0.6318
July	0.6403	0.6165	0.6300
August	0.6504	0.6333	0.6420
September	0.6410	0.6278	0.6348
October	0.6239	0.6035	0.6186
November	0.6143	0.5897	0.6033
December	0.5966	0.5853	0.5921