2023 GHS to KMF Historical Review

YEARLY HIGH

55.1348 KMF

YEARLY LOW

35.8868 KMF

YEARLY AVERAGE

39.0479 KMF

2023 GHS to KMF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the GHS to KMF exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 55.1348. Conversely, the yearly low was recorded on February 23, dropping to 35.8868.

This high-to-low spread represents a total annual volatility of 19.2480 KMF. From a start-to-finish perspective, comparing the January average rate of 40.3407 to the December average rate of 37.5278, the exchange rate registered a net change of -6.97% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 55.1348 was down 22.25% compared to the 2022 peak of 70.9157, 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 275,674 KMF

2022 Average 274,035 KMF

Yearly Trough Low 179,434 KMF

Transaction Impact: A difference of 96,239.97 KMF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

40.6882

36.5180

JanuMarcMayJulySeptNove

GHS to KMF 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 38.9967, compared to 39.0990 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1023 points.

H1 Avg (Jan–Jun) 38.9967

H2 Avg (Jul–Dec) 39.0990

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 18.8669 KMF (High: 55.1348 / Low: 36.2680). On the other end, September was the most stable month, with a tight range of 0.6721 KMF (High: 40.5228 / Low: 39.8507).

January Spread (Volatile) ±18.8669

September Spread (Stable) ±0.6721

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 3.4752 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -3.4752

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 40.3407) against the same month in 2022 (average: 69.9313), the exchange rate shifted by -29.5906 (-42.31%).

2023 Avg (January) 40.3407

2022 Avg (January) 69.9313

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	55.1348	36.2680	40.3407
February	37.8419	35.8868	36.8655
March	38.8305	36.0943	37.3657
April	41.9471	37.1461	39.2957
May	42.6763	37.6141	39.9456
June	41.1431	39.2014	40.1671
July	40.1002	37.7720	39.0587
August	40.3804	39.3554	40.0311
September	40.5228	39.8507	40.1198
October	40.5189	39.0022	39.6463
November	39.2361	37.3273	38.2105
December	38.1224	36.9069	37.5278