2023 GHS to JMD Historical Review

YEARLY HIGH

18.1751 JMD

YEARLY LOW

11.9484 JMD

YEARLY AVERAGE

13.2068 JMD

2023 GHS to JMD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the GHS to JMD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 18.1751. Conversely, the yearly low was recorded on February 27, dropping to 11.9484.

This high-to-low spread represents a total annual volatility of 6.2266 JMD. From a start-to-finish perspective, comparing the January average rate of 13.4764 to the December average rate of 12.9200, the exchange rate registered a net change of -4.13% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 18.1751 was down 27.80% compared to the 2022 peak of 25.1719, 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 90,875 JMD

2022 Average 90,836 JMD

Yearly Trough Low 59,742 JMD

Transaction Impact: A difference of 31,133.22 JMD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

13.8493

12.1835

JanuMarcMayJulySeptNove

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)

Seasonal

The average exchange rate in the first half of the year (H1: Jan–Jun) was 13.1157, compared to 13.2978 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1821 points.

H1 Avg (Jan–Jun) 13.1157

H2 Avg (Jul–Dec) 13.2978

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 5.8743 JMD (High: 18.1751 / Low: 12.3007). On the other end, December was the most stable month, with a tight range of 0.1206 JMD (High: 12.9889 / Low: 12.8683).

January Spread (Volatile) ±5.8743

December Spread (Stable) ±0.1206

Growth Streaks & Declines

Trends

Between March and June, 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 1.1170 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -1.1170

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 13.4764) against the same month in 2022 (average: 24.9290), the exchange rate shifted by -11.4526 (-45.94%).

2023 Avg (January) 13.4764

2022 Avg (January) 24.9290

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	18.1751	12.3007	13.4764
February	12.6855	11.9484	12.3594
March	12.9307	11.9720	12.3223
April	14.1520	12.6609	13.3147
May	14.5243	12.9080	13.5786
June	13.8888	13.3727	13.6430
July	13.6417	13.2788	13.5219
August	13.8505	13.5284	13.7105
September	13.5390	13.3578	13.4518
October	13.3737	12.9796	13.1759
November	13.1077	12.9368	13.0068
December	12.9889	12.8683	12.9200