2023 GHS to DKK Historical Review

YEARLY HIGH

0.8323 DKK

YEARLY LOW

0.5447 DKK

YEARLY AVERAGE

0.5906 DKK

2023 GHS to DKK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the GHS to DKK exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 0.8323. Conversely, the yearly low was recorded on February 23, dropping to 0.5447.

This high-to-low spread represents a total annual volatility of 0.2875 DKK. From a start-to-finish perspective, comparing the January average rate of 0.6088 to the December average rate of 0.5680, the exchange rate registered a net change of -6.71% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.8323 was down 22.20% compared to the 2022 peak of 1.0697, 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 4,161 DKK

2022 Average 4,150 DKK

Yearly Trough Low 2,724 DKK

Transaction Impact: A difference of 1,437.65 DKK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.6139

0.5526

JanuMarcMayJulySeptNove

GHS to DKK 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 0.5895, compared to 0.5917 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0022 points.

H1 Avg (Jan–Jun) 0.5895

H2 Avg (Jul–Dec) 0.5917

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 0.2848 DKK (High: 0.8323 / Low: 0.5475). On the other end, September was the most stable month, with a tight range of 0.0078 DKK (High: 0.6127 / Low: 0.6049).

January Spread (Volatile) ±0.2848

September Spread (Stable) ±0.0078

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 0.0512 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0512

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.6088) against the same month in 2022 (average: 1.0575), the exchange rate shifted by -0.4486 (-42.43%).

2023 Avg (January) 0.6088

2022 Avg (January) 1.0575

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.8323	0.5475	0.6088
February	0.5719	0.5447	0.5577
March	0.5898	0.5454	0.5642
April	0.6353	0.5638	0.5951
May	0.6495	0.5682	0.6045
June	0.6245	0.5907	0.6069
July	0.6041	0.5757	0.5908
August	0.6116	0.5962	0.6058
September	0.6127	0.6049	0.6080
October	0.6135	0.5912	0.6005
November	0.5919	0.5648	0.5773
December	0.5768	0.5584	0.5680