2023 GHS to GNF Historical Review

YEARLY HIGH

1039.8896 GNF

YEARLY LOW

666.7421 GNF

YEARLY AVERAGE

738.8597 GNF

2023 GHS to GNF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the GHS to GNF exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 1039.8896. Conversely, the yearly low was recorded on February 23, dropping to 666.7421.

This high-to-low spread represents a total annual volatility of 373.1475 GNF. From a start-to-finish perspective, comparing the January average rate of 764.5045 to the December average rate of 715.5542, the exchange rate registered a net change of -6.40% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 1039.8896 was down 31.49% compared to the 2022 peak of 1517.8805, 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 5,199,448 GNF

2022 Average 5,225,203 GNF

Yearly Trough Low 3,333,710 GNF

Transaction Impact: A difference of 1,865,737.74 GNF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

771.6795

685.5792

JanuMarcMayJulySeptNove

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)

Seasonal

The average exchange rate in the first half of the year (H1: Jan–Jun) was 738.7137, compared to 739.0057 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.2920 points.

H1 Avg (Jan–Jun) 738.7137

H2 Avg (Jul–Dec) 739.0057

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 348.4912 GNF (High: 1039.8896 / Low: 691.3985). On the other end, December was the most stable month, with a tight range of 7.1038 GNF (High: 718.6583 / Low: 711.5544).

January Spread (Volatile) ±348.4912

December Spread (Stable) ±7.1038

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 71.7503 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -71.7503

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 764.5045) against the same month in 2022 (average: 1463.4848), the exchange rate shifted by -698.9803 (-47.76%).

2023 Avg (January) 764.5045

2022 Avg (January) 1463.4848

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1039.8896	691.3985	764.5045
February	722.9907	666.7421	692.7542
March	742.4893	679.0710	700.6400
April	802.7842	715.8891	752.7665
May	810.1236	727.4732	759.9136
June	777.1044	747.5716	761.7035
July	766.3872	741.3500	754.5034
August	774.9483	751.2775	763.5883
September	754.5355	740.4253	748.9916
October	742.8651	722.0164	731.3201
November	725.0629	716.1615	720.0763
December	718.6583	711.5544	715.5542