2023 GHS to JOD Historical Review

YEARLY HIGH

0.0850 JOD

YEARLY LOW

0.0550 JOD

YEARLY AVERAGE

0.0608 JOD

2023 GHS to JOD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the GHS to JOD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 0.0850. Conversely, the yearly low was recorded on February 23, dropping to 0.0550.

This high-to-low spread represents a total annual volatility of 0.0300 JOD. From a start-to-finish perspective, comparing the January average rate of 0.0626 to the December average rate of 0.0590, the exchange rate registered a net change of -5.68% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0850 was down 26.31% compared to the 2022 peak of 0.1153, 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 425 JOD

2022 Average 419 JOD

Yearly Trough Low 275 JOD

Transaction Impact: A difference of 149.86 JOD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0634

0.0563

JanuMarcMayJulySeptNove

GHS to JOD 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 0.0607, compared to 0.0609 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0002 points.

H1 Avg (Jan–Jun) 0.0607

H2 Avg (Jul–Dec) 0.0609

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 0.0282 JOD (High: 0.0850 / Low: 0.0567). On the other end, December was the most stable month, with a tight range of 0.0007 JOD (High: 0.0593 / Low: 0.0586).

January Spread (Volatile) ±0.0282

December Spread (Stable) ±0.0007

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 0.0057 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0057

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.0626) against the same month in 2022 (average: 0.1141), the exchange rate shifted by -0.0515 (-45.15%).

2023 Avg (January) 0.0626

2022 Avg (January) 0.1141

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0850	0.0567	0.0626
February	0.0583	0.0550	0.0568
March	0.0609	0.0555	0.0576
April	0.0660	0.0589	0.0621
May	0.0667	0.0599	0.0625
June	0.0637	0.0617	0.0626
July	0.0629	0.0610	0.0622
August	0.0634	0.0619	0.0628
September	0.0621	0.0611	0.0617
October	0.0612	0.0596	0.0603
November	0.0598	0.0591	0.0594
December	0.0593	0.0586	0.0590