2023 GHS to SOS Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 GHS to SOS Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the GHS to SOS exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 68.1530. Conversely, the yearly low was recorded on February 23, dropping to 44.0670.
This high-to-low spread represents a total annual volatility of 24.0861 SOS. From a start-to-finish perspective, comparing the January average rate of 50.1559 to the December average rate of 47.5598, the exchange rate registered a net change of -5.18% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2023 high of 68.1530 was down 28.23% compared to the 2022 peak of 94.9593, 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 2023.
GHS to SOS 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 48.6402, compared to 48.9721 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.3319 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was January, with a trading range of 22.5930 SOS (High: 68.1530 / Low: 45.5600). On the other end, December was the most stable month, with a tight range of 0.3831 SOS (High: 47.7636 / Low: 47.3805).
Growth Streaks & Declines
TrendsBetween 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 4.5896 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (January 2023: 50.1559) against the same month in 2022 (average: 93.5838), the exchange rate shifted by -43.4279 (-46.41%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 68.1530 | 45.5600 | 50.1559 |
| February | 46.7290 | 44.0670 | 45.5663 |
| March | 48.7983 | 44.4810 | 46.0801 |
| April | 52.9218 | 47.2498 | 49.7211 |
| May | 53.4469 | 48.0075 | 50.0967 |
| June | 51.0438 | 49.2584 | 50.2210 |
| July | 50.3499 | 48.9954 | 49.8568 |
| August | 51.0036 | 49.8230 | 50.4740 |
| September | 49.9641 | 49.2676 | 49.6261 |
| October | 49.2179 | 48.0047 | 48.5435 |
| November | 47.9505 | 47.5136 | 47.7724 |
| December | 47.7636 | 47.3805 | 47.5598 |