2023 GHS to SYP Historical Review

YEARLY HIGH

301.0006 SYP

YEARLY LOW

194.8078 SYP

YEARLY AVERAGE

215.3911 SYP

2023 GHS to SYP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the GHS to SYP exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 301.0006. Conversely, the yearly low was recorded on February 23, dropping to 194.8078.

This high-to-low spread represents a total annual volatility of 106.1928 SYP. From a start-to-finish perspective, comparing the January average rate of 221.5836 to the December average rate of 209.0033, the exchange rate registered a net change of -5.68% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 301.0006 was down 26.32% compared to the 2022 peak of 408.5366, 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 1,505,003 SYP

2022 Average 1,485,750 SYP

Yearly Trough Low 974,039 SYP

Transaction Impact: A difference of 530,964.13 SYP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

224.9456

199.1766

JanuMarcMayJulySeptNove

GHS to SYP 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 214.9847, compared to 215.7975 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.8128 points.

H1 Avg (Jan–Jun) 214.9847

H2 Avg (Jul–Dec) 215.7975

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 99.9982 SYP (High: 301.0006 / Low: 201.0024). On the other end, December was the most stable month, with a tight range of 2.2899 SYP (High: 209.9810 / Low: 207.6911).

January Spread (Volatile) ±99.9982

December Spread (Stable) ±2.2899

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 20.2596 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -20.2596

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 221.5836) against the same month in 2022 (average: 404.1607), the exchange rate shifted by -182.5770 (-45.17%).

2023 Avg (January) 221.5836

2022 Avg (January) 404.1607

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	301.0006	201.0024	221.5836
February	206.6250	194.8078	201.3240
March	215.6678	196.4536	203.8360
April	233.6001	208.6371	219.9094
May	236.1014	212.0646	221.3774
June	225.5919	218.3675	221.8779
July	222.6093	216.1556	220.2505
August	224.9889	219.6738	222.7982
September	220.2569	216.2336	218.7039
October	216.6163	211.1713	213.6458
November	211.9946	209.3147	210.3833
December	209.9810	207.6911	209.0033