2023 GHS to LRD Historical Review

YEARLY HIGH

18.5091 LRD

YEARLY LOW

11.9506 LRD

YEARLY AVERAGE

14.9754 LRD

2023 GHS to LRD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the GHS to LRD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 18.5091. Conversely, the yearly low was recorded on February 26, dropping to 11.9506.

This high-to-low spread represents a total annual volatility of 6.5584 LRD. From a start-to-finish perspective, comparing the January average rate of 13.6971 to the December average rate of 15.6578, the exchange rate registered a net change of 14.32% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 18.5091 was down 24.65% compared to the 2022 peak of 24.5641, 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 92,545 LRD

2022 Average 90,286 LRD

Yearly Trough Low 59,753 LRD

Transaction Impact: A difference of 32,792.22 LRD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

16.9194

12.1397

JanuMarcMayJulySeptNove

GHS to LRD 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 13.9308, compared to 16.0201 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 2.0893 points.

H1 Avg (Jan–Jun) 13.9308

H2 Avg (Jul–Dec) 16.0201

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 6.0046 LRD (High: 18.5091 / Low: 12.5045). On the other end, November was the most stable month, with a tight range of 0.1584 LRD (High: 15.8245 / Low: 15.6661).

January Spread (Volatile) ±6.0046

November Spread (Stable) ±0.1584

Growth Streaks & Declines

Trends

Between February and August, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 6 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 1.1590 points.

Longest Streak 6 Mo.

Sharpest MoM Drop -1.1590

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 13.6971) against the same month in 2022 (average: 24.0339), the exchange rate shifted by -10.3368 (-43.01%).

2023 Avg (January) 13.6971

2022 Avg (January) 24.0339

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	18.5091	12.5045	13.6971
February	12.9278	11.9506	12.5380
March	13.9313	12.4282	12.9396
April	15.1036	13.5395	14.2755
May	15.7164	13.9687	14.7151
June	15.7950	15.0063	15.4195
July	16.3808	15.7293	16.1044
August	16.7167	16.2620	16.5211
September	16.3210	16.0549	16.2206
October	16.1005	15.7417	15.8910
November	15.8245	15.6661	15.7257
December	15.7515	15.5033	15.6578