2023 GHS to IDR Historical Review

YEARLY HIGH

1863.4034 IDR

YEARLY LOW

1179.8674 IDR

YEARLY AVERAGE

1306.4131 IDR

2023 GHS to IDR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the GHS to IDR exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 1863.4034. Conversely, the yearly low was recorded on February 23, dropping to 1179.8674.

This high-to-low spread represents a total annual volatility of 683.5360 IDR. From a start-to-finish perspective, comparing the January average rate of 1346.3503 to the December average rate of 1287.9327, the exchange rate registered a net change of -4.34% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 1863.4034 was down 20.10% compared to the 2022 peak of 2332.2960, 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 9,317,017 IDR

2022 Average 8,724,704 IDR

Yearly Trough Low 5,899,337 IDR

Transaction Impact: A difference of 3,417,680.08 IDR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

1367.6064

1201.2521

JanuMarcMayJulySeptNove

GHS to IDR 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 1288.7354, compared to 1324.0907 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 35.3553 points.

H1 Avg (Jan–Jun) 1288.7354

H2 Avg (Jul–Dec) 1324.0907

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 665.5874 IDR (High: 1863.4034 / Low: 1197.8160). On the other end, September was the most stable month, with a tight range of 13.4584 IDR (High: 1344.8021 / Low: 1331.3437).

January Spread (Volatile) ±665.5874

September Spread (Stable) ±13.4584

Growth Streaks & Declines

Trends

Between February and August, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 6 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 131.2353 points.

Longest Streak 6 Mo.

Sharpest MoM Drop -131.2353

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 1346.3503) against the same month in 2022 (average: 2305.8257), the exchange rate shifted by -959.4754 (-41.61%).

2023 Avg (January) 1346.3503

2022 Avg (January) 2305.8257

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1863.4034	1197.8160	1346.3503
February	1245.4720	1179.8674	1215.1149
March	1284.8627	1192.3632	1240.8961
April	1391.4084	1237.3406	1301.7651
May	1402.2320	1239.6665	1308.3859
June	1340.8860	1302.8196	1319.9002
July	1343.3217	1295.2835	1320.1203
August	1371.3860	1330.9563	1353.7436
September	1344.8021	1331.3437	1338.3224
October	1351.5226	1330.6925	1340.0481
November	1335.3635	1279.6540	1304.3772
December	1300.5906	1275.1259	1287.9327