2019 GHS to GNF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2019.
2019 GHS to GNF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2019
During 2019, the GHS to GNF exchange rate experienced significant fluctuation. The market reached its absolute peak on January 4, valuing the pair at 1906.4592. Conversely, the yearly low was recorded on May 19, dropping to 631.4190.
This high-to-low spread represents a total annual volatility of 1275.0402 GNF. From a start-to-finish perspective, comparing the January average rate of 1869.5831 to the December average rate of 1663.6514, the exchange rate registered a net change of -11.01% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2019 high of 1906.4592 was down 6.68% compared to the 2018 peak of 2042.8895, 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 2019.
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 1752.5624, compared to 1688.4045 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 64.1579 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2019 was May, with a trading range of 1159.9792 GNF (High: 1791.3982 / Low: 631.4190). On the other end, July was the most stable month, with a tight range of 28.0451 GNF (High: 1725.2336 / Low: 1697.1885).
Growth Streaks & Declines
TrendsNo sustained consecutive month-over-month growth streak of 2+ months occurred in 2019. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 124.6985 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (January 2019: 1869.5831) against the same month in 2018 (average: 1983.8025), the exchange rate shifted by -114.2194 (-5.76%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 1906.4592 | 1824.8643 | 1869.5831 |
| February | 1845.6914 | 1657.9163 | 1744.8846 |
| March | 1799.1172 | 1622.0801 | 1695.1125 |
| April | 1800.9756 | 1691.5614 | 1772.1844 |
| May | 1791.3982 | 631.4190 | 1731.0659 |
| June | 1724.8134 | 1681.1791 | 1702.5439 |
| July | 1725.2336 | 1697.1885 | 1708.1687 |
| August | 1712.6969 | 1677.3452 | 1695.7989 |
| September | 1705.7974 | 1675.9853 | 1681.4189 |
| October | 1714.7512 | 1674.9619 | 1695.1677 |
| November | 1717.6686 | 1634.0315 | 1686.2215 |
| December | 1692.8576 | 1637.7063 | 1663.6514 |