2023 GHS to TJS Historical Review

YEARLY HIGH

1.2215 TJS

YEARLY LOW

0.7775 TJS

YEARLY AVERAGE

0.9265 TJS

2023 GHS to TJS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the GHS to TJS exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 1.2215. Conversely, the yearly low was recorded on February 27, dropping to 0.7775.

This high-to-low spread represents a total annual volatility of 0.4439 TJS. From a start-to-finish perspective, comparing the January average rate of 0.9022 to the December average rate of 0.9100, the exchange rate registered a net change of 0.87% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 1.2215 was down 33.57% compared to the 2022 peak of 1.8388, 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 6,107 TJS

2022 Average 6,576 TJS

Yearly Trough Low 3,888 TJS

Transaction Impact: A difference of 2,219.74 TJS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.9873

0.8185

JanuMarcMayJulySeptNove

GHS to TJS 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 0.9121, compared to 0.9408 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0287 points.

H1 Avg (Jan–Jun) 0.9121

H2 Avg (Jul–Dec) 0.9408

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 0.3993 TJS (High: 1.2215 / Low: 0.8222). On the other end, December was the most stable month, with a tight range of 0.0087 TJS (High: 0.9148 / Low: 0.9061).

January Spread (Volatile) ±0.3993

December Spread (Stable) ±0.0087

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 0.0696 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0696

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.9022) against the same month in 2022 (average: 1.8168), the exchange rate shifted by -0.9147 (-50.34%).

2023 Avg (January) 0.9022

2022 Avg (January) 1.8168

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.2215	0.8222	0.9022
February	0.8524	0.7775	0.8326
March	0.9371	0.7829	0.8569
April	1.0171	0.9076	0.9547
May	1.0250	0.9206	0.9620
June	0.9806	0.9491	0.9645
July	0.9656	0.9426	0.9578
August	0.9838	0.9606	0.9732
September	0.9636	0.9474	0.9559
October	0.9478	0.9186	0.9326
November	0.9209	0.9093	0.9154
December	0.9148	0.9061	0.9100