2023 GHS to MGA Historical Review

YEARLY HIGH

535.6809 MGA

YEARLY LOW

333.1164 MGA

YEARLY AVERAGE

381.6062 MGA

2023 GHS to MGA Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the GHS to MGA exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 535.6809. Conversely, the yearly low was recorded on February 22, dropping to 333.1164.

This high-to-low spread represents a total annual volatility of 202.5645 MGA. From a start-to-finish perspective, comparing the January average rate of 388.6150 to the December average rate of 381.1868, the exchange rate registered a net change of -1.91% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 535.6809 was down 16.99% compared to the 2022 peak of 645.3288, 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 2,678,405 MGA

2022 Average 2,426,605 MGA

Yearly Trough Low 1,665,582 MGA

Transaction Impact: A difference of 1,012,822.60 MGA purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

404.6514

338.9288

JanuMarcMayJulySeptNove

GHS to MGA 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 374.8028, compared to 388.4097 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 13.6069 points.

H1 Avg (Jan–Jun) 374.8028

H2 Avg (Jul–Dec) 388.4097

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 194.4809 MGA (High: 535.6809 / Low: 341.2000). On the other end, November was the most stable month, with a tight range of 4.9081 MGA (High: 380.0632 / Low: 375.1551).

January Spread (Volatile) ±194.4809

November Spread (Stable) ±4.9081

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 44.2093 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -44.2093

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 388.6150) against the same month in 2022 (average: 640.2634), the exchange rate shifted by -251.6484 (-39.30%).

2023 Avg (January) 388.6150

2022 Avg (January) 640.2634

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	535.6809	341.2000	388.6150
February	354.4724	333.1164	344.4057
March	371.5880	335.8020	349.6708
April	405.4076	365.0325	383.0999
May	413.5310	370.9371	387.8144
June	400.4440	390.0111	395.2110
July	401.7995	381.8042	394.5375
August	403.8190	395.3129	399.1745
September	395.6994	389.6670	392.5415
October	391.7940	380.5663	385.0212
November	380.0632	375.1551	377.9966
December	385.1222	375.0000	381.1868