2023 GHS to SBD Historical Review

YEARLY HIGH

0.9917 SBD

YEARLY LOW

0.6393 SBD

YEARLY AVERAGE

0.7155 SBD

2023 GHS to SBD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the GHS to SBD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 0.9917. Conversely, the yearly low was recorded on February 27, dropping to 0.6393.

This high-to-low spread represents a total annual volatility of 0.3525 SBD. From a start-to-finish perspective, comparing the January average rate of 0.7290 to the December average rate of 0.7035, the exchange rate registered a net change of -3.49% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.9917 was down 24.64% compared to the 2022 peak of 1.3161, 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 4,959 SBD

2022 Average 4,805 SBD

Yearly Trough Low 3,196 SBD

Transaction Impact: A difference of 1,762.42 SBD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.7503

0.6515

JanuMarcMayJulySeptNove

GHS to SBD 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 0.7086, compared to 0.7223 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0136 points.

H1 Avg (Jan–Jun) 0.7086

H2 Avg (Jul–Dec) 0.7223

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 0.3327 SBD (High: 0.9917 / Low: 0.6590). On the other end, December was the most stable month, with a tight range of 0.0067 SBD (High: 0.7069 / Low: 0.7001).

January Spread (Volatile) ±0.3327

December Spread (Stable) ±0.0067

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 0.0692 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0692

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.7290) against the same month in 2022 (average: 1.2992), the exchange rate shifted by -0.5702 (-43.89%).

2023 Avg (January) 0.7290

2022 Avg (January) 1.2992

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.9917	0.6590	0.7290
February	0.6770	0.6393	0.6597
March	0.7066	0.6438	0.6676
April	0.7705	0.6864	0.7258
May	0.7831	0.7011	0.7337
June	0.7489	0.7238	0.7361
July	0.7472	0.7182	0.7333
August	0.7494	0.7318	0.7421
September	0.7396	0.7215	0.7312
October	0.7248	0.7088	0.7171
November	0.7113	0.7026	0.7064
December	0.7069	0.7001	0.7035