2023 GHS to YER Historical Review

YEARLY HIGH

29.9859 YER

YEARLY LOW

19.4108 YER

YEARLY AVERAGE

21.4591 YER

2023 GHS to YER Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the GHS to YER exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 29.9859. Conversely, the yearly low was recorded on February 23, dropping to 19.4108.

This high-to-low spread represents a total annual volatility of 10.5751 YER. From a start-to-finish perspective, comparing the January average rate of 22.0764 to the December average rate of 20.8150, the exchange rate registered a net change of -5.71% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 29.9859 was down 26.31% compared to the 2022 peak of 40.6910, 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 149,929 YER

2022 Average 147,997 YER

Yearly Trough Low 97,054 YER

Transaction Impact: A difference of 52,875.60 YER purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

22.4098

19.8455

JanuMarcMayJulySeptNove

GHS to YER 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 21.4193, compared to 21.4989 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0796 points.

H1 Avg (Jan–Jun) 21.4193

H2 Avg (Jul–Dec) 21.4989

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 9.9539 YER (High: 29.9859 / Low: 20.0320). On the other end, December was the most stable month, with a tight range of 0.2177 YER (High: 20.9143 / Low: 20.6965).

January Spread (Volatile) ±9.9539

December Spread (Stable) ±0.2177

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 2.0173 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -2.0173

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 22.0764) against the same month in 2022 (average: 40.2616), the exchange rate shifted by -18.1852 (-45.17%).

2023 Avg (January) 22.0764

2022 Avg (January) 40.2616

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	29.9859	20.0320	22.0764
February	20.5862	19.4108	20.0592
March	21.4893	19.5709	20.3066
April	23.2761	20.7887	21.9106
May	23.5253	21.1260	22.0561
June	22.4781	21.7571	22.1070
July	22.1809	21.5336	21.9436
August	22.4157	21.8809	22.1961
September	21.9344	21.5500	21.7910
October	21.5838	21.0307	21.2867
November	21.1233	20.8549	20.9610
December	20.9143	20.6965	20.8150