2023 GHS to LSL Historical Review

YEARLY HIGH

2.0332 LSL

YEARLY LOW

1.3703 LSL

YEARLY AVERAGE

1.5825 LSL

2023 GHS to LSL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the GHS to LSL exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 2.0332. Conversely, the yearly low was recorded on January 13, dropping to 1.3703.

This high-to-low spread represents a total annual volatility of 0.6630 LSL. From a start-to-finish perspective, comparing the January average rate of 1.5079 to the December average rate of 1.5531, the exchange rate registered a net change of 2.99% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 2.0332 was down 21.63% compared to the 2022 peak of 2.5944, 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 10,166 LSL

2022 Average 9,554 LSL

Yearly Trough Low 6,851 LSL

Transaction Impact: A difference of 3,314.87 LSL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

1.7031

1.4097

JanuMarcMayJulySeptNove

GHS to LSL 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 1.5573, compared to 1.6077 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0504 points.

H1 Avg (Jan–Jun) 1.5573

H2 Avg (Jul–Dec) 1.6077

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 0.6630 LSL (High: 2.0332 / Low: 1.3703). On the other end, September was the most stable month, with a tight range of 0.0593 LSL (High: 1.6842 / Low: 1.6249).

January Spread (Volatile) ±0.6630

September Spread (Stable) ±0.0593

Growth Streaks & Declines

Trends

Between February and May, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 0.0738 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0738

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 1.5079) against the same month in 2022 (average: 2.4913), the exchange rate shifted by -0.9834 (-39.47%).

2023 Avg (January) 1.5079

2022 Avg (January) 2.4913

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.0332	1.3703	1.5079
February	1.4678	1.3965	1.4341
March	1.5339	1.4281	1.4818
April	1.6965	1.5094	1.5873
May	1.8209	1.5459	1.6787
June	1.7571	1.5973	1.6539
July	1.6803	1.5433	1.5978
August	1.7402	1.5897	1.6672
September	1.6842	1.6249	1.6503
October	1.6651	1.5793	1.6205
November	1.6396	1.5201	1.5575
December	1.5871	1.5095	1.5531