2018 GHS to KES Historical Review

YEARLY HIGH

22.9385 KES

YEARLY LOW

20.1898 KES

YEARLY AVERAGE

21.6609 KES

2018 GHS to KES Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2018

During 2018, the GHS to KES exchange rate experienced significant fluctuation. The market reached its absolute peak on March 15, valuing the pair at 22.9385. Conversely, the yearly low was recorded on September 25, dropping to 20.1898.

This high-to-low spread represents a total annual volatility of 2.7487 KES. From a start-to-finish perspective, comparing the January average rate of 22.6552 to the December average rate of 20.7805, the exchange rate registered a net change of -8.27% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2018 high of 22.9385 was down 8.14% compared to the 2017 peak of 24.9704, 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 114,693 KES

2017 Average 117,592 KES

Yearly Trough Low 100,949 KES

Transaction Impact: A difference of 13,743.66 KES purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2018.

23.0332

20.5757

JanuMarcMayJulySeptNove

GHS to KES 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 22.3688, compared to 20.9530 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 1.4158 points.

H1 Avg (Jan–Jun) 22.3688

H2 Avg (Jul–Dec) 20.9530

Volatility Range Comparison

Volatility

The most volatile month in 2018 was September, with a trading range of 1.1481 KES (High: 21.3379 / Low: 20.1898). On the other end, March was the most stable month, with a tight range of 0.2066 KES (High: 22.9385 / Low: 22.7319).

September Spread (Volatile) ±1.1481

March Spread (Stable) ±0.2066

Growth Streaks & Declines

Trends

Between January and March, 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 May and June, when the average rate fell by 0.6382 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.6382

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2018: 22.8284) against the same month in 2017 (average: 22.7087), the exchange rate shifted by +0.1197 (+0.53%).

2018 Avg (March) 22.8284

2017 Avg (March) 22.7087

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	22.8680	22.4857	22.6552
February	22.8251	22.4919	22.6793
March	22.9385	22.7319	22.8284
April	22.8766	22.3485	22.6480
May	22.3947	21.5780	22.0201
June	21.5847	21.0647	21.3819
July	21.1513	20.8467	20.9980
August	21.3540	20.6786	20.9849
September	21.3379	20.1898	21.0620
October	21.1440	20.3730	20.8486
November	21.4281	20.6445	21.0441
December	21.3202	20.4727	20.7805