2023 GHS to HUF Historical Review

YEARLY HIGH

44.7226 HUF

YEARLY LOW

27.3596 HUF

YEARLY AVERAGE

30.2532 HUF

2023 GHS to HUF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the GHS to HUF exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 44.7226. Conversely, the yearly low was recorded on March 1, dropping to 27.3596.

This high-to-low spread represents a total annual volatility of 17.3630 HUF. From a start-to-finish perspective, comparing the January average rate of 32.3279 to the December average rate of 29.0782, the exchange rate registered a net change of -10.05% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 44.7226 was down 15.32% compared to the 2022 peak of 52.8117, 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 223,613 HUF

2022 Average 216,465 HUF

Yearly Trough Low 136,798 HUF

Transaction Impact: A difference of 86,815.05 HUF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

32.6809

28.4442

JanuMarcMayJulySeptNove

GHS to HUF 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 30.1144, compared to 30.3920 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.2776 points.

H1 Avg (Jan–Jun) 30.1144

H2 Avg (Jul–Dec) 30.3920

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 16.1385 HUF (High: 44.7226 / Low: 28.5841). On the other end, December was the most stable month, with a tight range of 0.9330 HUF (High: 29.5738 / Low: 28.6408).

January Spread (Volatile) ±16.1385

December Spread (Stable) ±0.9330

Growth Streaks & Declines

Trends

Between February and May, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 3.5306 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -3.5306

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 32.3279) against the same month in 2022 (average: 51.0260), the exchange rate shifted by -18.6982 (-36.64%).

2023 Avg (January) 32.3279

2022 Avg (January) 51.0260

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	44.7226	28.5841	32.3279
February	30.0187	27.6583	28.7973
March	30.3816	27.3596	29.1774
April	32.1402	28.0913	29.9855
May	32.7061	28.5505	30.2105
June	31.0204	29.3769	30.1879
July	31.1611	29.2417	30.0747
August	32.1565	30.3678	31.2996
September	32.2656	31.0596	31.5221
October	32.0382	30.3173	31.0352
November	30.4093	28.5912	29.3423
December	29.5738	28.6408	29.0782