2023 GHS to HKD Historical Review

YEARLY HIGH

0.9348 HKD

YEARLY LOW

0.6084 HKD

YEARLY AVERAGE

0.6712 HKD

2023 GHS to HKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the GHS to HKD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 0.9348. Conversely, the yearly low was recorded on February 23, dropping to 0.6084.

This high-to-low spread represents a total annual volatility of 0.3263 HKD. From a start-to-finish perspective, comparing the January average rate of 0.6896 to the December average rate of 0.6496, the exchange rate registered a net change of -5.80% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.9348 was down 26.26% compared to the 2022 peak of 1.2677, 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 4,674 HKD

2022 Average 4,630 HKD

Yearly Trough Low 3,042 HKD

Transaction Impact: A difference of 1,631.71 HKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.7005

0.6222

JanuMarcMayJulySeptNove

GHS to HKD 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 0.6707, compared to 0.6716 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0009 points.

H1 Avg (Jan–Jun) 0.6707

H2 Avg (Jul–Dec) 0.6716

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 0.3083 HKD (High: 0.9348 / Low: 0.6264). On the other end, December was the most stable month, with a tight range of 0.0077 HKD (High: 0.6527 / Low: 0.6450).

January Spread (Volatile) ±0.3083

December Spread (Stable) ±0.0077

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 0.0608 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0608

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.6896) against the same month in 2022 (average: 1.2536), the exchange rate shifted by -0.5640 (-44.99%).

2023 Avg (January) 0.6896

2022 Avg (January) 1.2536

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.9348	0.6264	0.6896
February	0.6456	0.6084	0.6288
March	0.6738	0.6137	0.6368
April	0.7298	0.6518	0.6870
May	0.7355	0.6625	0.6905
June	0.7038	0.6808	0.6917
July	0.6936	0.6722	0.6853
August	0.7003	0.6860	0.6940
September	0.6871	0.6740	0.6816
October	0.6752	0.6575	0.6654
November	0.6602	0.6498	0.6537
December	0.6527	0.6450	0.6496