2020 GHS to PHP Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2020.
2020 GHS to PHP Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2020
During 2020, the GHS to PHP exchange rate experienced significant fluctuation. The market reached its absolute peak on February 24, valuing the pair at 9.5768. Conversely, the yearly low was recorded on December 7, dropping to 8.0690.
This high-to-low spread represents a total annual volatility of 1.5079 PHP. From a start-to-finish perspective, comparing the January average rate of 8.9944 to the December average rate of 8.1938, the exchange rate registered a net change of -8.90% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2020 high of 9.5768 was down 11.93% compared to the 2019 peak of 10.8742, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 GHS based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2020.
GHS to PHP Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 8.9560, compared to 8.3657 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.5904 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2020 was March, with a trading range of 0.6194 PHP (High: 9.4221 / Low: 8.8027). On the other end, September was the most stable month, with a tight range of 0.0854 PHP (High: 8.4255 / Low: 8.3401).
Growth Streaks & Declines
TrendsNo sustained consecutive month-over-month growth streak of 2+ months occurred in 2020. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 0.3544 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (February 2020: 9.4458) against the same month in 2019 (average: 9.9271), the exchange rate shifted by -0.4812 (-4.85%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 9.2742 | 8.8632 | 8.9944 |
| February | 9.5768 | 9.2742 | 9.4458 |
| March | 9.4221 | 8.8027 | 9.1257 |
| April | 8.9418 | 8.6697 | 8.7713 |
| May | 8.8025 | 8.6052 | 8.7482 |
| June | 8.7625 | 8.5914 | 8.6508 |
| July | 8.6134 | 8.4901 | 8.5531 |
| August | 8.5307 | 8.3520 | 8.4502 |
| September | 8.4255 | 8.3401 | 8.3845 |
| October | 8.3869 | 8.2935 | 8.3439 |
| November | 8.3364 | 8.2083 | 8.2686 |
| December | 8.2373 | 8.0690 | 8.1938 |