2020 GHS to ZAR Historical Review

YEARLY HIGH

3.3395 ZAR

YEARLY LOW

2.4708 ZAR

YEARLY AVERAGE

2.8721 ZAR

2020 GHS to ZAR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2020

During 2020, the GHS to ZAR exchange rate experienced significant fluctuation. The market reached its absolute peak on April 5, valuing the pair at 3.3395. Conversely, the yearly low was recorded on January 2, dropping to 2.4708.

This high-to-low spread represents a total annual volatility of 0.8687 ZAR. From a start-to-finish perspective, comparing the January average rate of 2.5493 to the December average rate of 2.5342, the exchange rate registered a net change of -0.59% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2020 high of 3.3395 was up 11.82% compared to the 2019 peak of 2.9866, 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 16,697 ZAR

2019 Average 13,461 ZAR

Yearly Trough Low 12,354 ZAR

Transaction Impact: A difference of 4,343.52 ZAR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2020.

3.2940

2.4651

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 2.9445, compared to 2.7997 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.1448 points.

H1 Avg (Jan–Jun) 2.9445

H2 Avg (Jul–Dec) 2.7997

Volatility Range Comparison

Volatility

The most volatile month in 2020 was March, with a trading range of 0.3428 ZAR (High: 3.1638 / Low: 2.8210). On the other end, October was the most stable month, with a tight range of 0.1008 ZAR (High: 2.8818 / Low: 2.7810).

March Spread (Volatile) ±0.3428

October Spread (Stable) ±0.1008

Growth Streaks & Declines

Trends

Between January and April, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between May and June, when the average rate fell by 0.1855 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.1855

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2020: 3.2249) against the same month in 2019 (average: 2.7318), the exchange rate shifted by +0.4931 (+18.05%).

2020 Avg (April) 3.2249

2019 Avg (April) 2.7318

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.7285	2.4708	2.5493
February	2.9030	2.7285	2.7990
March	3.1638	2.8210	2.9899
April	3.3395	3.1169	3.2249
May	3.2747	3.0091	3.1448
June	3.0266	2.8571	2.9593
July	2.9689	2.8373	2.9026
August	3.0693	2.8646	2.9836
September	2.9579	2.7951	2.8899
October	2.8818	2.7810	2.8276
November	2.7936	2.5905	2.6604
December	2.6160	2.4737	2.5342