2023 GHS to TOP Historical Review

YEARLY HIGH

0.2805 TOP

YEARLY LOW

0.1823 TOP

YEARLY AVERAGE

0.2025 TOP

2023 GHS to TOP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the GHS to TOP exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 0.2805. Conversely, the yearly low was recorded on February 23, dropping to 0.1823.

This high-to-low spread represents a total annual volatility of 0.0982 TOP. From a start-to-finish perspective, comparing the January average rate of 0.2055 to the December average rate of 0.1955, the exchange rate registered a net change of -4.90% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.2805 was down 24.42% compared to the 2022 peak of 0.3711, 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 1,402 TOP

2022 Average 1,372 TOP

Yearly Trough Low 911 TOP

Transaction Impact: A difference of 490.93 TOP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.2133

0.1849

JanuMarcMayJulySeptNove

GHS to TOP 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 0.2010, compared to 0.2040 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0029 points.

H1 Avg (Jan–Jun) 0.2010

H2 Avg (Jul–Dec) 0.2040

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 0.0955 TOP (High: 0.2805 / Low: 0.1850). On the other end, December was the most stable month, with a tight range of 0.0031 TOP (High: 0.1969 / Low: 0.1938).

January Spread (Volatile) ±0.0955

December Spread (Stable) ±0.0031

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 0.0183 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0183

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.2055) against the same month in 2022 (average: 0.3661), the exchange rate shifted by -0.1606 (-43.86%).

2023 Avg (January) 0.2055

2022 Avg (January) 0.3661

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.2805	0.1850	0.2055
February	0.1922	0.1823	0.1873
March	0.2018	0.1844	0.1913
April	0.2179	0.1958	0.2060
May	0.2212	0.1984	0.2079
June	0.2138	0.2046	0.2082
July	0.2091	0.2013	0.2058
August	0.2126	0.2074	0.2109
September	0.2099	0.2056	0.2081
October	0.2066	0.2019	0.2038
November	0.2021	0.1965	0.1996
December	0.1969	0.1938	0.1955