2023 GHS to JPY Historical Review

YEARLY HIGH

15.6849 JPY

YEARLY LOW

10.3908 JPY

YEARLY AVERAGE

12.0459 JPY

2023 GHS to JPY Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the GHS to JPY exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 15.6849. Conversely, the yearly low was recorded on January 27, dropping to 10.3908.

This high-to-low spread represents a total annual volatility of 5.2941 JPY. From a start-to-finish perspective, comparing the January average rate of 11.4891 to the December average rate of 11.9512, the exchange rate registered a net change of 4.02% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 15.6849 was down 16.67% compared to the 2022 peak of 18.8217, 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 78,425 JPY

2022 Average 76,485 JPY

Yearly Trough Low 51,954 JPY

Transaction Impact: A difference of 26,470.52 JPY purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

13.0854

10.4503

JanuMarcMayJulySeptNove

GHS to JPY 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 11.5431, compared to 12.5487 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 1.0056 points.

H1 Avg (Jan–Jun) 11.5431

H2 Avg (Jul–Dec) 12.5487

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 5.2941 JPY (High: 15.6849 / Low: 10.3908). On the other end, September was the most stable month, with a tight range of 0.1510 JPY (High: 12.9410 / Low: 12.7900).

January Spread (Volatile) ±5.2941

September Spread (Stable) ±0.1510

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 0.8193 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.8193

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 11.4891) against the same month in 2022 (average: 18.4771), the exchange rate shifted by -6.9880 (-37.82%).

2023 Avg (January) 11.4891

2022 Avg (January) 18.4771

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	15.6849	10.3908	11.4891
February	10.8493	10.4055	10.6698
March	11.3970	10.5969	10.8362
April	12.3043	11.1309	11.6866
May	13.0269	11.3458	12.0969
June	12.7164	12.2800	12.4797
July	12.7481	12.0319	12.3747
August	13.0059	12.5413	12.8398
September	12.9410	12.7900	12.8658
October	12.9207	12.5347	12.7170
November	12.7366	12.2570	12.5439
December	12.2675	11.7509	11.9512