2023 GHS to NAD Historical Review

YEARLY HIGH

2.0378 NAD

YEARLY LOW

1.3703 NAD

YEARLY AVERAGE

1.5861 NAD

2023 GHS to NAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the GHS to NAD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 2.0378. Conversely, the yearly low was recorded on January 13, dropping to 1.3703.

This high-to-low spread represents a total annual volatility of 0.6675 NAD. From a start-to-finish perspective, comparing the January average rate of 1.5058 to the December average rate of 1.5543, the exchange rate registered a net change of 3.22% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 2.0378 was down 21.44% compared to the 2022 peak of 2.5938, 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 10,189 NAD

2022 Average 9,522 NAD

Yearly Trough Low 6,851 NAD

Transaction Impact: A difference of 3,337.65 NAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

1.7078

1.4071

JanuMarcMayJulySeptNove

GHS to NAD 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 1.5582, compared to 1.6140 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0559 points.

H1 Avg (Jan–Jun) 1.5582

H2 Avg (Jul–Dec) 1.6140

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 0.6675 NAD (High: 2.0378 / Low: 1.3703). On the other end, September was the most stable month, with a tight range of 0.0563 NAD (High: 1.6838 / Low: 1.6275).

January Spread (Volatile) ±0.6675

September Spread (Stable) ±0.0563

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 0.0736 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0736

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 1.5058) against the same month in 2022 (average: 2.4944), the exchange rate shifted by -0.9886 (-39.63%).

2023 Avg (January) 1.5058

2022 Avg (January) 2.4944

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.0378	1.3703	1.5058
February	1.4678	1.3822	1.4322
March	1.5361	1.4285	1.4827
April	1.7042	1.5105	1.5909
May	1.8202	1.5420	1.6828
June	1.7571	1.5973	1.6545
July	1.6701	1.5365	1.5997
August	1.7656	1.6129	1.6713
September	1.6838	1.6275	1.6516
October	1.7068	1.5835	1.6375
November	1.6748	1.5227	1.5700
December	1.5860	1.5111	1.5543