2023 GHS to ISK Historical Review

YEARLY HIGH

16.9657 ISK

YEARLY LOW

11.1053 ISK

YEARLY AVERAGE

11.8174 ISK

2023 GHS to ISK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the GHS to ISK exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 16.9657. Conversely, the yearly low was recorded on March 1, dropping to 11.1053.

This high-to-low spread represents a total annual volatility of 5.8605 ISK. From a start-to-finish perspective, comparing the January average rate of 12.6043 to the December average rate of 11.4670, the exchange rate registered a net change of -9.02% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 16.9657 was down 20.09% compared to the 2022 peak of 21.2300, 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 84,829 ISK

2022 Average 79,214 ISK

Yearly Trough Low 55,526 ISK

Transaction Impact: A difference of 29,302.33 ISK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

12.7298

11.2232

JanuMarcMayJulySeptNove

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)

Seasonal

The average exchange rate in the first half of the year (H1: Jan–Jun) was 11.9571, compared to 11.6778 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.2793 points.

H1 Avg (Jan–Jun) 11.9571

H2 Avg (Jul–Dec) 11.6778

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 5.5553 ISK (High: 16.9657 / Low: 11.4104). On the other end, December was the most stable month, with a tight range of 0.3619 ISK (High: 11.6323 / Low: 11.2705).

January Spread (Volatile) ±5.5553

December Spread (Stable) ±0.3619

Growth Streaks & Declines

Trends

Between July and October, 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 1.1419 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -1.1419

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 12.6043) against the same month in 2022 (average: 20.7520), the exchange rate shifted by -8.1477 (-39.26%).

2023 Avg (January) 12.6043

2022 Avg (January) 20.7520

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	16.9657	11.4104	12.6043
February	11.7063	11.1464	11.4624
March	11.7888	11.1053	11.3487
April	12.7495	11.3115	11.9478
May	13.2131	11.4467	12.2044
June	12.6510	11.7956	12.1751
July	12.0564	11.3036	11.6327
August	11.8315	11.3993	11.6904
September	11.9077	11.5401	11.7789
October	12.0683	11.6513	11.7851
November	12.0308	11.4172	11.7126
December	11.6323	11.2705	11.4670