2020 GHS to JMD Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2020.
2020 GHS to JMD Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2020
During 2020, the GHS to JMD exchange rate experienced significant fluctuation. The market reached its absolute peak on February 16, valuing the pair at 26.5505. Conversely, the yearly low was recorded on January 5, dropping to 22.9300.
This high-to-low spread represents a total annual volatility of 3.6204 JMD. From a start-to-finish perspective, comparing the January average rate of 23.8160 to the December average rate of 24.4942, the exchange rate registered a net change of 2.85% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2020 high of 26.5505 was down 1.60% compared to the 2019 peak of 26.9828, 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 2020.
GHS to JMD 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 24.5304, compared to 24.9999 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.4695 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2020 was January, with a trading range of 2.4390 JMD (High: 25.3690 / Low: 22.9300). On the other end, November was the most stable month, with a tight range of 0.5428 JMD (High: 25.4336 / Low: 24.8909).
Growth Streaks & Declines
TrendsBetween June and August, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 1.7680 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (February 2020: 26.0016) against the same month in 2019 (average: 25.4228), the exchange rate shifted by +0.5788 (+2.28%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 25.3690 | 22.9300 | 23.8160 |
| February | 26.5505 | 25.3690 | 26.0016 |
| March | 25.4168 | 23.3989 | 24.2337 |
| April | 24.4143 | 23.2271 | 23.8165 |
| May | 25.5204 | 24.2546 | 24.9854 |
| June | 24.8704 | 24.0701 | 24.3290 |
| July | 25.5274 | 24.0088 | 24.7830 |
| August | 26.0796 | 25.4939 | 25.8233 |
| September | 25.6782 | 24.4150 | 24.8597 |
| October | 25.0937 | 24.3880 | 24.8513 |
| November | 25.4336 | 24.8909 | 25.1880 |
| December | 24.9873 | 24.1917 | 24.4942 |