2023 GHS to EGP Historical Review

YEARLY HIGH

2.9654 EGP

YEARLY LOW

2.3748 EGP

YEARLY AVERAGE

2.6263 EGP

2023 GHS to EGP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the GHS to EGP exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 2.9654. Conversely, the yearly low was recorded on February 23, dropping to 2.3748.

This high-to-low spread represents a total annual volatility of 0.5906 EGP. From a start-to-finish perspective, comparing the January average rate of 2.5093 to the December average rate of 2.5704, the exchange rate registered a net change of 2.43% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 2.9654 was down 0.06% compared to the 2022 peak of 2.9673, 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 14,827 EGP

2022 Average 11,041 EGP

Yearly Trough Low 11,874 EGP

Transaction Impact: A difference of 2,952.99 EGP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

2.7703

2.4117

JanuMarcMayJulySeptNove

GHS to EGP 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 2.5993, compared to 2.6533 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0540 points.

H1 Avg (Jan–Jun) 2.5993

H2 Avg (Jul–Dec) 2.6533

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 0.5752 EGP (High: 2.9654 / Low: 2.3902). On the other end, November was the most stable month, with a tight range of 0.0244 EGP (High: 2.5990 / Low: 2.5745).

January Spread (Volatile) ±0.5752

November Spread (Stable) ±0.0244

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 0.0677 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0677

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 2.5093) against the same month in 2022 (average: 2.5290), the exchange rate shifted by -0.0197 (-0.78%).

2023 Avg (January) 2.5093

2022 Avg (January) 2.5290

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.9654	2.3902	2.5093
February	2.5080	2.3748	2.4416
March	2.6368	2.3950	2.4995
April	2.8731	2.5662	2.6996
May	2.9032	2.5654	2.7174
June	2.7712	2.6856	2.7284
July	2.7377	2.6499	2.7068
August	2.7713	2.7020	2.7404
September	2.7094	2.6593	2.6895
October	2.6720	2.5979	2.6265
November	2.5990	2.5745	2.5862
December	2.5833	2.5562	2.5704