2021 GHS to ISK Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2021.
2021 GHS to ISK Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2021
During 2021, the GHS to ISK exchange rate experienced significant fluctuation. The market reached its absolute peak on March 14, valuing the pair at 22.4575. Conversely, the yearly low was recorded on August 2, dropping to 20.6071.
This high-to-low spread represents a total annual volatility of 1.8504 ISK. From a start-to-finish perspective, comparing the January average rate of 21.9624 to the December average rate of 21.1787, the exchange rate registered a net change of -3.57% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2021 high of 22.4575 was down 12.11% compared to the 2020 peak of 25.5522, 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 2021.
GHS to ISK 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 21.7381, compared to 21.1566 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.5815 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2021 was May, with a trading range of 1.0230 ISK (High: 21.8105 / Low: 20.7875). On the other end, October was the most stable month, with a tight range of 0.4106 ISK (High: 21.4469 / Low: 21.0363).
Growth Streaks & Declines
TrendsBetween July and November, 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 April and May, when the average rate fell by 0.4405 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (March 2021: 22.1682) against the same month in 2020 (average: 24.1385), the exchange rate shifted by -1.9703 (-8.16%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 22.2475 | 21.5775 | 21.9624 |
| February | 22.4137 | 21.9147 | 22.1374 |
| March | 22.4575 | 21.8152 | 22.1682 |
| April | 22.0989 | 21.1909 | 21.7967 |
| May | 21.8105 | 20.7875 | 21.3561 |
| June | 21.3420 | 20.6634 | 21.0076 |
| July | 21.2257 | 20.6986 | 20.9552 |
| August | 21.2829 | 20.6071 | 20.9598 |
| September | 21.5797 | 20.8588 | 21.2406 |
| October | 21.4469 | 21.0363 | 21.2656 |
| November | 21.6544 | 21.1171 | 21.3395 |
| December | 21.4637 | 20.9896 | 21.1787 |