2021 GHS to ZAR Historical Review

YEARLY HIGH

2.7108 ZAR

YEARLY LOW

2.3172 ZAR

YEARLY AVERAGE

2.4971 ZAR

2021 GHS to ZAR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the GHS to ZAR exchange rate experienced significant fluctuation. The market reached its absolute peak on March 8, valuing the pair at 2.7108. Conversely, the yearly low was recorded on June 6, dropping to 2.3172.

This high-to-low spread represents a total annual volatility of 0.3937 ZAR. From a start-to-finish perspective, comparing the January average rate of 2.5828 to the December average rate of 2.5851, the exchange rate registered a net change of 0.09% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2021 high of 2.7108 was down 18.82% compared to the 2020 peak of 3.3395, 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 13,554 ZAR

2020 Average 14,359 ZAR

Yearly Trough Low 11,586 ZAR

Transaction Impact: A difference of 1,968.36 ZAR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

2.6307

2.3748

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 2.5115, compared to 2.4826 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0289 points.

H1 Avg (Jan–Jun) 2.5115

H2 Avg (Jul–Dec) 2.4826

Volatility Range Comparison

Volatility

The most volatile month in 2021 was November, with a trading range of 0.2063 ZAR (High: 2.6462 / Low: 2.4398). On the other end, April was the most stable month, with a tight range of 0.0928 ZAR (High: 2.5430 / Low: 2.4502).

November Spread (Volatile) ±0.2063

April Spread (Stable) ±0.0928

Growth Streaks & Declines

Trends

Between September and December, 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 March and April, when the average rate fell by 0.1125 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.1125

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2021: 2.6094) against the same month in 2020 (average: 2.9899), the exchange rate shifted by -0.3805 (-12.73%).

2021 Avg (March) 2.6094

2020 Avg (March) 2.9899

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.6484	2.4842	2.5828
February	2.6295	2.4921	2.5488
March	2.7108	2.5536	2.6094
April	2.5430	2.4502	2.4969
May	2.5057	2.3698	2.4349
June	2.4789	2.3172	2.3961
July	2.4928	2.3952	2.4447
August	2.5450	2.3861	2.4579
September	2.5144	2.3414	2.4166
October	2.5036	2.3730	2.4508
November	2.6462	2.4398	2.5408
December	2.6378	2.5226	2.5851