2023 GHS to LBP Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 GHS to LBP Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the GHS to LBP exchange rate experienced significant fluctuation. The market reached its absolute peak on May 18, valuing the pair at 1418.2188. Conversely, the yearly low was recorded on January 27, dropping to 121.2881.
This high-to-low spread represents a total annual volatility of 1296.9307 LBP. From a start-to-finish perspective, comparing the January average rate of 133.7009 to the December average rate of 1251.9523, the exchange rate registered a net change of 836.38% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 1418.2188 was up 476.47% compared to the 2022 peak of 246.0163, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 GHS based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
GHS to LBP Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 1059.2444, compared to 1291.9936 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 232.7492 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was February, with a trading range of 1132.6157 LBP (High: 1254.6789 / Low: 122.0631). On the other end, December was the most stable month, with a tight range of 9.6184 LBP (High: 1257.1772 / Low: 1247.5589).
Growth Streaks & Declines
TrendsBetween January and June, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between September and October, when the average rate fell by 33.1317 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (May 2023: 1329.0340) against the same month in 2022 (average: 198.7359), the exchange rate shifted by +1130.2982 (+568.74%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 181.6565 | 121.2881 | 133.7009 |
| February | 1254.6789 | 122.0631 | 1012.9753 |
| March | 1290.7153 | 1181.7897 | 1222.9649 |
| April | 1416.0093 | 1251.9846 | 1321.3511 |
| May | 1418.2188 | 1273.4815 | 1329.0340 |
| June | 1358.1084 | 1310.4229 | 1335.4402 |
| July | 1350.4806 | 1291.4775 | 1320.6763 |
| August | 1366.5683 | 1314.9520 | 1335.3835 |
| September | 1328.7125 | 1296.3064 | 1310.3318 |
| October | 1296.3809 | 1262.4559 | 1277.2001 |
| November | 1261.5529 | 1249.5099 | 1256.4174 |
| December | 1257.1772 | 1247.5589 | 1251.9523 |