2023 GHS to PEN Historical Review

YEARLY HIGH

0.4546 PEN

YEARLY LOW

0.2951 PEN

YEARLY AVERAGE

0.3205 PEN

2023 GHS to PEN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the GHS to PEN exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 0.4546. Conversely, the yearly low was recorded on February 23, dropping to 0.2951.

This high-to-low spread represents a total annual volatility of 0.1595 PEN. From a start-to-finish perspective, comparing the January average rate of 0.3370 to the December average rate of 0.3108, the exchange rate registered a net change of -7.78% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.4546 was down 29.93% compared to the 2022 peak of 0.6487, 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 2,273 PEN

2022 Average 2,262 PEN

Yearly Trough Low 1,476 PEN

Transaction Impact: A difference of 797.26 PEN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.3401

0.3034

JanuMarcMayJulySeptNove

GHS to PEN 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 0.3211, compared to 0.3200 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0011 points.

H1 Avg (Jan–Jun) 0.3211

H2 Avg (Jul–Dec) 0.3200

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 0.1485 PEN (High: 0.4546 / Low: 0.3061). On the other end, September was the most stable month, with a tight range of 0.0054 PEN (High: 0.3274 / Low: 0.3221).

January Spread (Volatile) ±0.1485

September Spread (Stable) ±0.0054

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2023. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 0.0295 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0295

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.3370) against the same month in 2022 (average: 0.6264), the exchange rate shifted by -0.2894 (-46.20%).

2023 Avg (January) 0.3370

2022 Avg (January) 0.6264

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.4546	0.3061	0.3370
February	0.3172	0.2951	0.3075
March	0.3230	0.2959	0.3064
April	0.3509	0.3120	0.3289
May	0.3477	0.3104	0.3246
June	0.3308	0.3145	0.3220
July	0.3201	0.3084	0.3154
August	0.3317	0.3182	0.3274
September	0.3274	0.3221	0.3241
October	0.3292	0.3213	0.3264
November	0.3235	0.3107	0.3157
December	0.3144	0.3067	0.3108