2023 GHS to TWD Historical Review

YEARLY HIGH

3.6711 TWD

YEARLY LOW

2.3556 TWD

YEARLY AVERAGE

2.6701 TWD

2023 GHS to TWD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the GHS to TWD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 3.6711. Conversely, the yearly low was recorded on February 23, dropping to 2.3556.

This high-to-low spread represents a total annual volatility of 1.3156 TWD. From a start-to-finish perspective, comparing the January average rate of 2.6816 to the December average rate of 2.5965, the exchange rate registered a net change of -3.18% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 3.6711 was down 18.54% compared to the 2022 peak of 4.5068, 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 18,356 TWD

2022 Average 17,447 TWD

Yearly Trough Low 11,778 TWD

Transaction Impact: A difference of 6,577.85 TWD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

2.8610

2.3859

JanuMarcMayJulySeptNove

GHS to TWD 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 2.6144, compared to 2.7259 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1114 points.

H1 Avg (Jan–Jun) 2.6144

H2 Avg (Jul–Dec) 2.7259

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 1.2498 TWD (High: 3.6711 / Low: 2.4213). On the other end, September was the most stable month, with a tight range of 0.0413 TWD (High: 2.8102 / Low: 2.7689).

January Spread (Volatile) ±1.2498

September Spread (Stable) ±0.0413

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 0.2562 points.

Longest Streak 6 Mo.

Sharpest MoM Drop -0.2562

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 2.6816) against the same month in 2022 (average: 4.4487), the exchange rate shifted by -1.7671 (-39.72%).

2023 Avg (January) 2.6816

2022 Avg (January) 4.4487

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	3.6711	2.4213	2.6816
February	2.4772	2.3556	2.4255
March	2.6215	2.3907	2.4786
April	2.8409	2.5299	2.6745
May	2.8854	2.5876	2.7052
June	2.7548	2.6958	2.7211
July	2.7712	2.6715	2.7340
August	2.8557	2.7819	2.8214
September	2.8102	2.7689	2.7875
October	2.7866	2.7123	2.7451
November	2.7201	2.6088	2.6707
December	2.6276	2.5516	2.5965