2023 GHS to STD Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 GHS to STD Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the GHS to STD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 2734.3096. Conversely, the yearly low was recorded on February 23, dropping to 1769.6469.
This high-to-low spread represents a total annual volatility of 964.6627 STD. From a start-to-finish perspective, comparing the January average rate of 2012.8806 to the December average rate of 1853.4979, the exchange rate registered a net change of -7.92% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2023 high of 2734.3096 was down 20.71% compared to the 2022 peak of 3448.6457, 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 STD 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 1952.9358, compared to 1920.6473 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 32.2885 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was January, with a trading range of 908.3904 STD (High: 2734.3096 / Low: 1825.9192). On the other end, December was the most stable month, with a tight range of 20.3075 STD (High: 1862.1687 / Low: 1841.8612).
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 184.0399 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (January 2023: 2012.8806) against the same month in 2022 (average: 3402.6275), the exchange rate shifted by -1389.7468 (-40.84%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 2734.3096 | 1825.9192 | 2012.8806 |
| February | 1876.9957 | 1769.6469 | 1828.8407 |
| March | 1959.1408 | 1784.5981 | 1851.6601 |
| April | 2122.0389 | 1895.2735 | 1997.6721 |
| May | 2144.7609 | 1926.4091 | 2011.0074 |
| June | 2049.2921 | 1983.6654 | 2015.5541 |
| July | 2022.1982 | 1954.8477 | 1994.6187 |
| August | 1995.2628 | 1948.1270 | 1975.8351 |
| September | 1953.2982 | 1917.6188 | 1939.5262 |
| October | 1921.0124 | 1872.7247 | 1894.6694 |
| November | 1880.0257 | 1856.2601 | 1865.7365 |
| December | 1862.1687 | 1841.8612 | 1853.4979 |