2023 GHS to UZS Historical Review

YEARLY HIGH

1347.8001 UZS

YEARLY LOW

877.2885 UZS

YEARLY AVERAGE

1006.0020 UZS

2023 GHS to UZS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the GHS to UZS exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 1347.8001. Conversely, the yearly low was recorded on February 23, dropping to 877.2885.

This high-to-low spread represents a total annual volatility of 470.5116 UZS. From a start-to-finish perspective, comparing the January average rate of 996.7716 to the December average rate of 1027.6511, the exchange rate registered a net change of 3.10% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 1347.8001 was down 23.50% compared to the 2022 peak of 1761.7167, 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 6,739,001 UZS

2022 Average 6,526,154 UZS

Yearly Trough Low 4,386,443 UZS

Transaction Impact: A difference of 2,352,557.98 UZS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

1074.0327

893.4500

JanuMarcMayJulySeptNove

GHS to UZS 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 974.6348, compared to 1037.3693 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 62.7345 points.

H1 Avg (Jan–Jun) 974.6348

H2 Avg (Jul–Dec) 1037.3693

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 442.6473 UZS (High: 1347.8001 / Low: 905.1529). On the other end, November was the most stable month, with a tight range of 7.2609 UZS (High: 1030.4048 / Low: 1023.1439).

January Spread (Volatile) ±442.6473

November Spread (Stable) ±7.2609

Growth Streaks & Declines

Trends

Between February and September, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 7 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 88.2731 points.

Longest Streak 7 Mo.

Sharpest MoM Drop -88.2731

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 996.7716) against the same month in 2022 (average: 1741.8163), the exchange rate shifted by -745.0447 (-42.77%).

2023 Avg (January) 996.7716

2022 Avg (January) 1741.8163

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1347.8001	905.1529	996.7716
February	934.1357	877.2885	908.4985
March	979.8283	888.2336	923.4049
April	1058.0046	950.6833	998.2826
May	1080.0712	966.1206	1008.1717
June	1026.7116	998.2237	1012.6794
July	1027.3348	998.0126	1014.6142
August	1080.5730	1026.8766	1056.6794
September	1064.4126	1052.1836	1058.9841
October	1052.2685	1026.5138	1038.6800
November	1030.4048	1023.1439	1027.6068
December	1032.0614	1023.4087	1027.6511