2023 GHS to MMK Historical Review

YEARLY HIGH

251.5992 MMK

YEARLY LOW

162.7917 MMK

YEARLY AVERAGE

179.9476 MMK

2023 GHS to MMK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the GHS to MMK exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 251.5992. Conversely, the yearly low was recorded on February 23, dropping to 162.7917.

This high-to-low spread represents a total annual volatility of 88.8075 MMK. From a start-to-finish perspective, comparing the January average rate of 185.2087 to the December average rate of 174.8683, the exchange rate registered a net change of -5.58% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 251.5992 was down 12.99% compared to the 2022 peak of 289.1728, 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 1,257,996 MMK

2022 Average 1,123,756 MMK

Yearly Trough Low 813,958 MMK

Transaction Impact: A difference of 444,037.56 MMK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

188.0057

166.4980

JanuMarcMayJulySeptNove

GHS to MMK 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 179.5992, compared to 180.2959 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.6968 points.

H1 Avg (Jan–Jun) 179.5992

H2 Avg (Jul–Dec) 180.2959

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 83.5568 MMK (High: 251.5992 / Low: 168.0424). On the other end, December was the most stable month, with a tight range of 1.1982 MMK (High: 175.5191 / Low: 174.3209).

January Spread (Volatile) ±83.5568

December Spread (Stable) ±1.1982

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 16.9183 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -16.9183

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 185.2087) against the same month in 2022 (average: 285.9918), the exchange rate shifted by -100.7831 (-35.24%).

2023 Avg (January) 185.2087

2022 Avg (January) 285.9918

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	251.5992	168.0424	185.2087
February	172.5529	162.7917	168.2903
March	180.1254	164.1853	170.1177
April	195.3733	174.4612	183.6175
May	197.3884	177.2039	184.9439
June	188.5782	182.5104	185.4169
July	186.0768	180.6827	183.8675
August	188.0635	183.7238	186.2134
September	184.2487	181.1153	182.7562
October	181.1918	176.3910	178.4399
November	176.1872	174.9496	175.6304
December	175.5191	174.3209	174.8683