2020 GHS to NGN Historical Review

YEARLY HIGH

68.4785 NGN

YEARLY LOW

63.2353 NGN

YEARLY AVERAGE

66.3289 NGN

2020 GHS to NGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2020

During 2020, the GHS to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on February 18, valuing the pair at 68.4785. Conversely, the yearly low was recorded on March 25, dropping to 63.2353.

This high-to-low spread represents a total annual volatility of 5.2432 NGN. From a start-to-finish perspective, comparing the January average rate of 64.0986 to the December average rate of 65.4150, the exchange rate registered a net change of 2.05% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2020 high of 68.4785 was down 9.34% compared to the 2019 peak of 75.5331, 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 342,393 NGN

2019 Average 335,640 NGN

Yearly Trough Low 316,177 NGN

Transaction Impact: A difference of 26,215.99 NGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2020.

68.0406

63.7402

JanuMarcMayJulySeptNove

GHS to NGN 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 66.5318, compared to 66.1260 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.4058 points.

H1 Avg (Jan–Jun) 66.5318

H2 Avg (Jul–Dec) 66.1260

Volatility Range Comparison

Volatility

The most volatile month in 2020 was March, with a trading range of 4.5585 NGN (High: 67.7938 / Low: 63.2353). On the other end, November was the most stable month, with a tight range of 0.7897 NGN (High: 65.8727 / Low: 65.0830).

March Spread (Volatile) ±4.5585

November Spread (Stable) ±0.7897

Growth Streaks & Declines

Trends

Between March and May, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 1.2517 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -1.2517

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2020: 67.6823) against the same month in 2019 (average: 68.7498), the exchange rate shifted by -1.0676 (-1.55%).

2020 Avg (February) 67.6823

2019 Avg (February) 68.7498

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	65.8182	63.3100	64.0986
February	68.4785	65.8182	67.6823
March	67.7938	63.2353	66.4306
April	67.7584	63.6007	66.6411
May	67.7917	66.5918	67.3783
June	67.3755	66.5833	66.9602
July	67.5637	66.7240	67.1042
August	67.3339	65.5979	66.7374
September	66.9593	65.6601	66.3055
October	66.5086	65.1541	65.7234
November	65.8727	65.0830	65.4706
December	67.2920	64.0491	65.4150