2023 GHS to COP Historical Review

YEARLY HIGH

579.5669 COP

YEARLY LOW

319.4666 COP

YEARLY AVERAGE

370.5637 COP

2023 GHS to COP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the GHS to COP exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 579.5669. Conversely, the yearly low was recorded on December 27, dropping to 319.4666.

This high-to-low spread represents a total annual volatility of 260.1002 COP. From a start-to-finish perspective, comparing the January average rate of 416.6505 to the December average rate of 329.1572, the exchange rate registered a net change of -21.00% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 579.5669 was down 12.82% compared to the 2022 peak of 664.7578, 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 2,897,834 COP

2022 Average 2,472,898 COP

Yearly Trough Low 1,597,333 COP

Transaction Impact: A difference of 1,300,501.22 COP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

425.3999

320.4079

JanuMarcMayJulySeptNove

GHS to COP 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 392.4477, compared to 348.6798 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 43.7679 points.

H1 Avg (Jan–Jun) 392.4477

H2 Avg (Jul–Dec) 348.6798

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 217.9156 COP (High: 579.5669 / Low: 361.6513). On the other end, November was the most stable month, with a tight range of 14.6680 COP (High: 344.6064 / Low: 329.9384).

January Spread (Volatile) ±217.9156

November Spread (Stable) ±14.6680

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 32.4894 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -32.4894

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 416.6505) against the same month in 2022 (average: 643.6511), the exchange rate shifted by -227.0006 (-35.27%).

2023 Avg (January) 416.6505

2022 Avg (January) 643.6511

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	579.5669	361.6513	416.6505
February	396.7139	373.7699	384.1611
March	398.6871	377.8415	385.9116
April	429.2360	368.4037	396.9368
May	424.0762	383.0908	399.9414
June	395.7550	355.2783	371.0848
July	371.7837	341.2497	356.3918
August	369.5738	345.4724	361.1160
September	359.2870	339.0529	349.0094
October	371.2006	343.7637	358.9185
November	344.6064	329.9384	337.4858
December	335.8627	319.4666	329.1572