2016 GHS to GNF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2016.
2016 GHS to GNF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2016
During 2016, the GHS to GNF exchange rate experienced significant fluctuation. The market reached its absolute peak on September 10, valuing the pair at 2316.0470. Conversely, the yearly low was recorded on June 21, dropping to 1857.2781.
This high-to-low spread represents a total annual volatility of 458.7689 GNF. From a start-to-finish perspective, comparing the January average rate of 1987.8461 to the December average rate of 2190.0560, the exchange rate registered a net change of 10.17% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2016 high of 2316.0470 was up 3.91% compared to the 2015 peak of 2228.9980, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 GHS based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2016.
GHS to GNF Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 1967.4134, compared to 2265.5912 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 298.1778 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2016 was June, with a trading range of 433.5546 GNF (High: 2290.8327 / Low: 1857.2781). On the other end, April was the most stable month, with a tight range of 31.8833 GNF (High: 1991.0494 / Low: 1959.1661).
Growth Streaks & Declines
TrendsBetween May and September, 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 November and December, when the average rate fell by 70.4440 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (September 2016: 2294.6216) against the same month in 2015 (average: 1881.1806), the exchange rate shifted by +413.4410 (+21.98%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 2025.4717 | 1939.0683 | 1987.8461 |
| February | 1970.4138 | 1907.5674 | 1941.0925 |
| March | 1984.5045 | 1949.1969 | 1974.4663 |
| April | 1991.0494 | 1959.1661 | 1979.8893 |
| May | 1990.9302 | 1898.1398 | 1929.7854 |
| June | 2290.8327 | 1857.2781 | 1991.4007 |
| July | 2290.2821 | 2232.3890 | 2267.0274 |
| August | 2310.0015 | 2252.5563 | 2294.1948 |
| September | 2316.0470 | 2272.9257 | 2294.6216 |
| October | 2306.4663 | 2270.9397 | 2287.1473 |
| November | 2308.2892 | 2117.2280 | 2260.5000 |
| December | 2272.0215 | 2123.7466 | 2190.0560 |