2023 GHS to QAR Historical Review

YEARLY HIGH

0.4365 QAR

YEARLY LOW

0.2827 QAR

YEARLY AVERAGE

0.3123 QAR

2023 GHS to QAR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the GHS to QAR exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 0.4365. Conversely, the yearly low was recorded on February 27, dropping to 0.2827.

This high-to-low spread represents a total annual volatility of 0.1537 QAR. From a start-to-finish perspective, comparing the January average rate of 0.3214 to the December average rate of 0.3032, the exchange rate registered a net change of -5.66% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.4365 was down 26.28% compared to the 2022 peak of 0.5920, 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 2,182 QAR

2022 Average 2,155 QAR

Yearly Trough Low 1,414 QAR

Transaction Impact: A difference of 768.68 QAR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.3262

0.2891

JanuMarcMayJulySeptNove

GHS to QAR 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 0.3118, compared to 0.3128 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0010 points.

H1 Avg (Jan–Jun) 0.3118

H2 Avg (Jul–Dec) 0.3128

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 0.1452 QAR (High: 0.4365 / Low: 0.2913). On the other end, December was the most stable month, with a tight range of 0.0033 QAR (High: 0.3047 / Low: 0.3014).

January Spread (Volatile) ±0.1452

December Spread (Stable) ±0.0033

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 0.0291 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0291

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.3214) against the same month in 2022 (average: 0.5858), the exchange rate shifted by -0.2644 (-45.14%).

2023 Avg (January) 0.3214

2022 Avg (January) 0.5858

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.4365	0.2913	0.3214
February	0.2994	0.2827	0.2922
March	0.3125	0.2849	0.2959
April	0.3420	0.3023	0.3191
May	0.3421	0.3074	0.3208
June	0.3270	0.3166	0.3216
July	0.3226	0.3135	0.3191
August	0.3264	0.3187	0.3231
September	0.3198	0.3134	0.3170
October	0.3139	0.3064	0.3098
November	0.3069	0.3032	0.3047
December	0.3047	0.3014	0.3032