2023 GHS to XAF Historical Review

YEARLY HIGH

73.4046 XAF

YEARLY LOW

47.9886 XAF

YEARLY AVERAGE

51.9642 XAF

2023 GHS to XAF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the GHS to XAF exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 73.4046. Conversely, the yearly low was recorded on February 23, dropping to 47.9886.

This high-to-low spread represents a total annual volatility of 25.4160 XAF. From a start-to-finish perspective, comparing the January average rate of 53.6724 to the December average rate of 49.9571, the exchange rate registered a net change of -6.92% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 73.4046 was down 22.20% compared to the 2022 peak of 94.3468, 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 367,023 XAF

2022 Average 365,832 XAF

Yearly Trough Low 239,943 XAF

Transaction Impact: A difference of 127,079.82 XAF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

54.1288

48.6522

JanuMarcMayJulySeptNove

GHS to XAF 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 51.8777, compared to 52.0508 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1732 points.

H1 Avg (Jan–Jun) 51.8777

H2 Avg (Jul–Dec) 52.0508

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 25.1347 XAF (High: 73.4046 / Low: 48.2698). On the other end, September was the most stable month, with a tight range of 0.7203 XAF (High: 53.9100 / Low: 53.1897).

January Spread (Volatile) ±25.1347

September Spread (Stable) ±0.7203

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 4.5639 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -4.5639

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 53.6724) against the same month in 2022 (average: 93.2155), the exchange rate shifted by -39.5431 (-42.42%).

2023 Avg (January) 53.6724

2022 Avg (January) 93.2155

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	73.4046	48.2698	53.6724
February	50.3503	47.9886	49.1085
March	51.8107	48.0753	49.6619
April	55.9354	49.6308	52.2533
May	57.2060	49.5865	53.1463
June	54.9738	52.0358	53.4235
July	53.2043	50.6821	52.0044
August	53.8254	52.4736	53.3155
September	53.9100	53.1897	53.4704
October	53.9631	51.9565	52.7922
November	52.0128	49.6952	50.7655
December	50.7388	49.1345	49.9571