2023 GHS to NZD Historical Review

YEARLY HIGH

0.1885 NZD

YEARLY LOW

0.1233 NZD

YEARLY AVERAGE

0.1397 NZD

2023 GHS to NZD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the GHS to NZD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 0.1885. Conversely, the yearly low was recorded on January 27, dropping to 0.1233.

This high-to-low spread represents a total annual volatility of 0.0653 NZD. From a start-to-finish perspective, comparing the January average rate of 0.1378 to the December average rate of 0.1336, the exchange rate registered a net change of -3.08% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.1885 was down 22.42% compared to the 2022 peak of 0.2430, 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 943 NZD

2022 Average 924 NZD

Yearly Trough Low 616 NZD

Transaction Impact: A difference of 326.28 NZD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.1502

0.1255

JanuMarcMayJulySeptNove

GHS to NZD 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 0.1372, compared to 0.1422 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0051 points.

H1 Avg (Jan–Jun) 0.1372

H2 Avg (Jul–Dec) 0.1422

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 0.0653 NZD (High: 0.1885 / Low: 0.1233). On the other end, December was the most stable month, with a tight range of 0.0048 NZD (High: 0.1359 / Low: 0.1311).

January Spread (Volatile) ±0.0653

December Spread (Stable) ±0.0048

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 0.0102 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0102

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.1378) against the same month in 2022 (average: 0.2387), the exchange rate shifted by -0.1009 (-42.27%).

2023 Avg (January) 0.1378

2022 Avg (January) 0.2387

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1885	0.1233	0.1378
February	0.1301	0.1242	0.1276
March	0.1372	0.1250	0.1307
April	0.1487	0.1336	0.1409
May	0.1507	0.1331	0.1420
June	0.1481	0.1412	0.1439
July	0.1440	0.1374	0.1409
August	0.1499	0.1437	0.1481
September	0.1492	0.1436	0.1468
October	0.1460	0.1406	0.1443
November	0.1428	0.1353	0.1396
December	0.1359	0.1311	0.1336