2023 GHS to IRR Historical Review

YEARLY HIGH

5013.6218 IRR

YEARLY LOW

3264.6674 IRR

YEARLY AVERAGE

3619.2937 IRR

2023 GHS to IRR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the GHS to IRR exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 5013.6218. Conversely, the yearly low was recorded on February 20, dropping to 3264.6674.

This high-to-low spread represents a total annual volatility of 1748.9544 IRR. From a start-to-finish perspective, comparing the January average rate of 3697.7835 to the December average rate of 3512.8914, the exchange rate registered a net change of -5.00% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 5013.6218 was down 27.06% compared to the 2022 peak of 6873.9837, 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 25,068,109 IRR

2022 Average 24,997,932 IRR

Yearly Trough Low 16,323,337 IRR

Transaction Impact: A difference of 8,744,772.08 IRR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

3785.7507

3346.2794

JanuMarcMayJulySeptNove

GHS to IRR 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 3609.6052, compared to 3628.9823 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 19.3771 points.

H1 Avg (Jan–Jun) 3609.6052

H2 Avg (Jul–Dec) 3628.9823

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 1637.6218 IRR (High: 5013.6218 / Low: 3376.0000). On the other end, December was the most stable month, with a tight range of 32.6867 IRR (High: 3523.4490 / Low: 3490.7623).

January Spread (Volatile) ±1637.6218

December Spread (Stable) ±32.6867

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 314.8815 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -314.8815

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 3697.7835) against the same month in 2022 (average: 6798.9993), the exchange rate shifted by -3101.2158 (-45.61%).

2023 Avg (January) 3697.7835

2022 Avg (January) 6798.9993

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	5013.6218	3376.0000	3697.7835
February	3476.6048	3264.6674	3382.9020
March	3628.7554	3303.5095	3420.5744
April	3928.1537	3510.4592	3698.6600
May	3972.5643	3568.1290	3724.5291
June	3797.9798	3672.5465	3733.1823
July	3745.5513	3623.6346	3703.1642
August	3788.5615	3693.9729	3749.1281
September	3703.7784	3635.0485	3677.8697
October	3642.5592	3549.9470	3592.6060
November	3563.9979	3519.7780	3538.2343
December	3523.4490	3490.7623	3512.8914