2017 GHS to HNL Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2017.
2017 GHS to HNL Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2017
During 2017, the GHS to HNL exchange rate experienced significant fluctuation. The market reached its absolute peak on April 21, valuing the pair at 5.6576. Conversely, the yearly low was recorded on March 6, dropping to 4.9277.
This high-to-low spread represents a total annual volatility of 0.7299 HNL. From a start-to-finish perspective, comparing the January average rate of 5.4403 to the December average rate of 5.2398, the exchange rate registered a net change of -3.69% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2017 high of 5.6576 was down 4.86% compared to the 2016 peak of 5.9468, 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 2017.
GHS to HNL 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 5.3856, compared to 5.2895 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0962 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2017 was March, with a trading range of 0.5506 HNL (High: 5.4783 / Low: 4.9277). On the other end, December was the most stable month, with a tight range of 0.0699 HNL (High: 5.2795 / Low: 5.2097).
Growth Streaks & Declines
TrendsBetween August and October, 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 January and February, when the average rate fell by 0.1496 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (April 2017: 5.5583) against the same month in 2016 (average: 5.8927), the exchange rate shifted by -0.3344 (-5.68%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 5.5164 | 5.3317 | 5.4403 |
| February | 5.4516 | 5.0699 | 5.2907 |
| March | 5.4783 | 4.9277 | 5.1891 |
| April | 5.6576 | 5.3925 | 5.5583 |
| May | 5.6061 | 5.3017 | 5.4816 |
| June | 5.4899 | 5.2864 | 5.3537 |
| July | 5.3735 | 5.2745 | 5.3348 |
| August | 5.3409 | 5.2209 | 5.2844 |
| September | 5.3373 | 5.1663 | 5.2911 |
| October | 5.3904 | 5.3044 | 5.3429 |
| November | 5.3828 | 5.1004 | 5.2436 |
| December | 5.2795 | 5.2097 | 5.2398 |