2019 GHS to ZAR Historical Review

YEARLY HIGH

2.9866 ZAR

YEARLY LOW

0.9933 ZAR

YEARLY AVERAGE

2.6918 ZAR

2019 GHS to ZAR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2019

During 2019, the GHS to ZAR exchange rate experienced significant fluctuation. The market reached its absolute peak on January 2, valuing the pair at 2.9866. Conversely, the yearly low was recorded on May 19, dropping to 0.9933.

This high-to-low spread represents a total annual volatility of 1.9933 ZAR. From a start-to-finish perspective, comparing the January average rate of 2.8236 to the December average rate of 2.5259, the exchange rate registered a net change of -10.54% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2019 high of 2.9866 was down 8.24% compared to the 2018 peak of 3.2546, 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 14,933 ZAR

2018 Average 14,124 ZAR

Yearly Trough Low 4,967 ZAR

Transaction Impact: A difference of 9,966.48 ZAR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2019.

2.8533

2.4961

JanuMarcMayJulySeptNove

GHS to ZAR 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 2.7090, compared to 2.6746 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0344 points.

H1 Avg (Jan–Jun) 2.7090

H2 Avg (Jul–Dec) 2.6746

Volatility Range Comparison

Volatility

The most volatile month in 2019 was May, with a trading range of 1.8160 ZAR (High: 2.8093 / Low: 0.9933). On the other end, July was the most stable month, with a tight range of 0.0897 ZAR (High: 2.6596 / Low: 2.5700).

May Spread (Volatile) ±1.8160

July Spread (Stable) ±0.0897

Growth Streaks & Declines

Trends

Between February and April, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 0.1983 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.1983

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2019: 2.8236) against the same month in 2018 (average: 2.6846), the exchange rate shifted by +0.1389 (+5.17%).

2019 Avg (January) 2.8236

2018 Avg (January) 2.6846

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.9866	2.6664	2.8236
February	2.6911	2.5422	2.6252
March	2.8470	2.5534	2.6573
April	2.8379	2.6192	2.7318
May	2.8093	0.9933	2.7152
June	2.8012	2.5898	2.7007
July	2.6596	2.5700	2.6097
August	2.8673	2.7156	2.7987
September	2.7964	2.6578	2.7126
October	2.8542	2.6523	2.7315
November	2.7364	2.6126	2.6692
December	2.6127	2.4581	2.5259