2023 GHS to EUR Historical Review

YEARLY HIGH

0.1119 EUR

YEARLY LOW

0.0732 EUR

YEARLY AVERAGE

0.0792 EUR

2023 GHS to EUR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the GHS to EUR exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 0.1119. Conversely, the yearly low was recorded on February 23, dropping to 0.0732.

This high-to-low spread represents a total annual volatility of 0.0387 EUR. From a start-to-finish perspective, comparing the January average rate of 0.0818 to the December average rate of 0.0762, the exchange rate registered a net change of -6.92% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.1119 was down 22.20% compared to the 2022 peak of 0.1438, 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 560 EUR

2022 Average 558 EUR

Yearly Trough Low 366 EUR

Transaction Impact: A difference of 193.73 EUR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0825

0.0742

JanuMarcMayJulySeptNove

GHS to EUR 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 0.0791, compared to 0.0794 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0003 points.

H1 Avg (Jan–Jun) 0.0791

H2 Avg (Jul–Dec) 0.0794

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 0.0383 EUR (High: 0.1119 / Low: 0.0736). On the other end, September was the most stable month, with a tight range of 0.0011 EUR (High: 0.0822 / Low: 0.0811).

January Spread (Volatile) ±0.0383

September Spread (Stable) ±0.0011

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 0.0070 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0070

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.0818) against the same month in 2022 (average: 0.1421), the exchange rate shifted by -0.0603 (-42.42%).

2023 Avg (January) 0.0818

2022 Avg (January) 0.1421

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1119	0.0736	0.0818
February	0.0768	0.0732	0.0749
March	0.0790	0.0733	0.0757
April	0.0853	0.0757	0.0797
May	0.0872	0.0756	0.0810
June	0.0838	0.0793	0.0814
July	0.0811	0.0773	0.0793
August	0.0821	0.0800	0.0813
September	0.0822	0.0811	0.0815
October	0.0823	0.0792	0.0805
November	0.0793	0.0758	0.0774
December	0.0774	0.0749	0.0762