2023 GHS to NPR Historical Review

YEARLY HIGH

15.8289 NPR

YEARLY LOW

10.2605 NPR

YEARLY AVERAGE

11.3223 NPR

2023 GHS to NPR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the GHS to NPR exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 15.8289. Conversely, the yearly low was recorded on February 23, dropping to 10.2605.

This high-to-low spread represents a total annual volatility of 5.5685 NPR. From a start-to-finish perspective, comparing the January average rate of 11.5528 to the December average rate of 11.0896, the exchange rate registered a net change of -4.01% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 15.8289 was down 18.19% compared to the 2022 peak of 19.3486, 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 79,145 NPR

2022 Average 73,814 NPR

Yearly Trough Low 51,302 NPR

Transaction Impact: A difference of 27,842.39 NPR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

11.8650

10.4725

JanuMarcMayJulySeptNove

GHS to NPR 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 11.2492, compared to 11.3955 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1463 points.

H1 Avg (Jan–Jun) 11.2492

H2 Avg (Jul–Dec) 11.3955

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 5.3923 NPR (High: 15.8289 / Low: 10.4367). On the other end, November was the most stable month, with a tight range of 0.0831 NPR (High: 11.1853 / Low: 11.1022).

January Spread (Volatile) ±5.3923

November Spread (Stable) ±0.0831

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 0.9643 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.9643

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 11.5528) against the same month in 2022 (average: 19.1550), the exchange rate shifted by -7.6021 (-39.69%).

2023 Avg (January) 11.5528

2022 Avg (January) 19.1550

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	15.8289	10.4367	11.5528
February	10.8571	10.2605	10.5885
March	11.2655	10.3207	10.6709
April	12.2018	10.9024	11.4685
May	12.4117	11.0419	11.6014
June	11.8213	11.3990	11.6129
July	11.6423	11.2955	11.5152
August	11.9161	11.5740	11.7489
September	11.6580	11.4596	11.5606
October	11.4808	11.1854	11.3127
November	11.1853	11.1022	11.1459
December	11.1242	11.0351	11.0896