2023 GHS to MOP Historical Review

YEARLY HIGH

0.9617 MOP

YEARLY LOW

0.6265 MOP

YEARLY AVERAGE

0.6910 MOP

2023 GHS to MOP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the GHS to MOP exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 0.9617. Conversely, the yearly low was recorded on February 23, dropping to 0.6265.

This high-to-low spread represents a total annual volatility of 0.3353 MOP. From a start-to-finish perspective, comparing the January average rate of 0.7103 to the December average rate of 0.6699, the exchange rate registered a net change of -5.68% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.9617 was down 26.38% compared to the 2022 peak of 1.3064, 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 4,809 MOP

2022 Average 4,769 MOP

Yearly Trough Low 3,132 MOP

Transaction Impact: A difference of 1,676.38 MOP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.7214

0.6410

JanuMarcMayJulySeptNove

GHS to MOP 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 0.6905, compared to 0.6915 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0009 points.

H1 Avg (Jan–Jun) 0.6905

H2 Avg (Jul–Dec) 0.6915

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 0.3166 MOP (High: 0.9617 / Low: 0.6452). On the other end, December was the most stable month, with a tight range of 0.0050 MOP (High: 0.6725 / Low: 0.6676).

January Spread (Volatile) ±0.3166

December Spread (Stable) ±0.0050

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 0.0626 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0626

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.7103) against the same month in 2022 (average: 1.2910), the exchange rate shifted by -0.5808 (-44.99%).

2023 Avg (January) 0.7103

2022 Avg (January) 1.2910

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.9617	0.6452	0.7103
February	0.6644	0.6265	0.6477
March	0.6935	0.6321	0.6549
April	0.7523	0.6717	0.7070
May	0.7579	0.6823	0.7111
June	0.7250	0.7009	0.7124
July	0.7144	0.6923	0.7050
August	0.7212	0.7069	0.7147
September	0.7085	0.6957	0.7019
October	0.6960	0.6766	0.6850
November	0.6760	0.6690	0.6725
December	0.6725	0.6676	0.6699