2023 GHS to TRY Historical Review

YEARLY HIGH

2.4634 TRY

YEARLY LOW

1.4633 TRY

YEARLY AVERAGE

2.0406 TRY

2023 GHS to TRY Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the GHS to TRY exchange rate experienced significant fluctuation. The market reached its absolute peak on December 29, valuing the pair at 2.4634. Conversely, the yearly low was recorded on February 23, dropping to 1.4633.

This high-to-low spread represents a total annual volatility of 1.0001 TRY. From a start-to-finish perspective, comparing the January average rate of 1.6561 to the December average rate of 2.4207, the exchange rate registered a net change of 46.17% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 2.4634 was up 9.27% compared to the 2022 peak of 2.2545, 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 12,317 TRY

2022 Average 9,567 TRY

Yearly Trough Low 7,317 TRY

Transaction Impact: A difference of 5,000.49 TRY purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

2.5118

1.4193

JanuMarcMayJulySeptNove

GHS to TRY 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 1.7061, compared to 2.3751 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.6690 points.

H1 Avg (Jan–Jun) 1.7061

H2 Avg (Jul–Dec) 2.3751

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 0.7345 TRY (High: 2.2392 / Low: 1.5048). On the other end, October was the most stable month, with a tight range of 0.0312 TRY (High: 2.3870 / Low: 2.3558).

January Spread (Volatile) ±0.7345

October Spread (Stable) ±0.0312

Growth Streaks & Declines

Trends

Between February and August, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 6 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 0.1458 points.

Longest Streak 6 Mo.

Sharpest MoM Drop -0.1458

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 2.4207) against the same month in 2022 (average: 1.7596), the exchange rate shifted by +0.6611 (+37.57%).

2023 Avg (December) 2.4207

2022 Avg (December) 1.7596

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.2392	1.5048	1.6561
February	1.5490	1.4633	1.5103
March	1.6462	1.4769	1.5416
April	1.7902	1.6113	1.6928
May	1.8619	1.6442	1.7427
June	2.2849	1.8545	2.0933
July	2.3777	2.2730	2.3206
August	2.4357	2.2809	2.3870
September	2.3707	2.3358	2.3511
October	2.3870	2.3558	2.3713
November	2.4172	2.3779	2.4000
December	2.4634	2.3915	2.4207