2018 GHS to GNF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2018.
2018 GHS to GNF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2018
During 2018, the GHS to GNF exchange rate experienced significant fluctuation. The market reached its absolute peak on March 22, valuing the pair at 2042.8895. Conversely, the yearly low was recorded on September 25, dropping to 1819.0000.
This high-to-low spread represents a total annual volatility of 223.8895 GNF. From a start-to-finish perspective, comparing the January average rate of 1983.8025 to the December average rate of 1861.6184, the exchange rate registered a net change of -6.16% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2018 high of 2042.8895 was down 9.11% compared to the 2017 peak of 2247.7590, 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 2018.
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 1991.0548, compared to 1879.3035 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 111.7513 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2018 was September, with a trading range of 99.0243 GNF (High: 1918.0243 / Low: 1819.0000). On the other end, March was the most stable month, with a tight range of 24.9523 GNF (High: 2042.8895 / Low: 2017.9372).
Growth Streaks & Declines
TrendsBetween January and March, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between May and June, when the average rate fell by 60.8031 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (March 2018: 2032.8260) against the same month in 2017 (average: 2060.6319), the exchange rate shifted by -27.8059 (-1.35%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 2000.8933 | 1968.1250 | 1983.8025 |
| February | 2028.1379 | 1995.6661 | 2014.4600 |
| March | 2042.8895 | 2017.9372 | 2032.8260 |
| April | 2040.4763 | 2009.3115 | 2030.5215 |
| May | 2010.0160 | 1920.4984 | 1972.7608 |
| June | 1929.4673 | 1885.1775 | 1911.9577 |
| July | 1904.9346 | 1872.1497 | 1887.9349 |
| August | 1911.6137 | 1832.8205 | 1885.8458 |
| September | 1918.0243 | 1819.0000 | 1893.4550 |
| October | 1901.4540 | 1833.0551 | 1873.1189 |
| November | 1905.7719 | 1832.0108 | 1873.8477 |
| December | 1910.5700 | 1822.0751 | 1861.6184 |