2018 GHS to HNL Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2018.
2018 GHS to HNL Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2018
During 2018, the GHS to HNL exchange rate experienced significant fluctuation. The market reached its absolute peak on April 4, valuing the pair at 5.3635. Conversely, the yearly low was recorded on December 3, dropping to 4.7486.
This high-to-low spread represents a total annual volatility of 0.6149 HNL. From a start-to-finish perspective, comparing the January average rate of 5.2038 to the December average rate of 4.9338, the exchange rate registered a net change of -5.19% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2018 high of 5.3635 was down 5.20% compared to the 2017 peak of 5.6576, 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 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 5.2362, compared to 4.9873 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.2489 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2018 was December, with a trading range of 0.2901 HNL (High: 5.0387 / Low: 4.7486). On the other end, March was the most stable month, with a tight range of 0.0699 HNL (High: 5.3616 / Low: 5.2917).
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 0.1288 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (April 2018: 5.3285) against the same month in 2017 (average: 5.5583), the exchange rate shifted by -0.2297 (-4.13%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 5.2561 | 5.1618 | 5.2038 |
| February | 5.3044 | 5.2342 | 5.2782 |
| March | 5.3616 | 5.2917 | 5.3323 |
| April | 5.3635 | 5.2729 | 5.3285 |
| May | 5.2810 | 5.0792 | 5.2015 |
| June | 5.1143 | 5.0165 | 5.0727 |
| July | 5.0365 | 4.9632 | 5.0029 |
| August | 5.0721 | 4.9292 | 5.0044 |
| September | 5.0912 | 4.8220 | 5.0233 |
| October | 5.0212 | 4.8639 | 4.9665 |
| November | 5.0528 | 4.9085 | 4.9928 |
| December | 5.0387 | 4.7486 | 4.9338 |