2022 GHS to ZAR Historical Review

YEARLY HIGH

2.5983 ZAR

YEARLY LOW

1.1710 ZAR

YEARLY AVERAGE

1.9140 ZAR

2022 GHS to ZAR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2022

During 2022, the GHS to ZAR exchange rate experienced significant fluctuation. The market reached its absolute peak on January 4, valuing the pair at 2.5983. Conversely, the yearly low was recorded on November 23, dropping to 1.1710.

This high-to-low spread represents a total annual volatility of 1.4273 ZAR. From a start-to-finish perspective, comparing the January average rate of 2.4941 to the December average rate of 1.6284, the exchange rate registered a net change of -34.71% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2022 high of 2.5983 was down 4.15% compared to the 2021 peak of 2.7108, 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 12,992 ZAR

2021 Average 12,485 ZAR

Yearly Trough Low 5,855 ZAR

Transaction Impact: A difference of 7,136.44 ZAR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2022.

2.6217

1.0905

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 2.1631, compared to 1.6650 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.4981 points.

H1 Avg (Jan–Jun) 2.1631

H2 Avg (Jul–Dec) 1.6650

Volatility Range Comparison

Volatility

The most volatile month in 2022 was December, with a trading range of 0.8857 ZAR (High: 2.1130 / Low: 1.2273). On the other end, September was the most stable month, with a tight range of 0.0779 ZAR (High: 1.7760 / Low: 1.6981).

December Spread (Volatile) ±0.8857

September Spread (Stable) ±0.0779

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2022. Conversely, the sharpest month-over-month decline occurred between October and November, when the average rate fell by 0.3257 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.3257

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2022: 2.4941) against the same month in 2021 (average: 2.5828), the exchange rate shifted by -0.0887 (-3.44%).

2022 Avg (January) 2.4941

2021 Avg (January) 2.5828

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.5983	2.4106	2.4941
February	2.4478	2.2256	2.3413
March	2.2575	1.9211	2.0735
April	2.1292	1.9114	1.9934
May	2.1586	1.9857	2.0801
June	2.0410	1.9425	1.9962
July	2.1093	1.9511	2.0634
August	1.9660	1.6864	1.7970
September	1.7760	1.6981	1.7390
October	1.7312	1.2834	1.5438
November	1.3432	1.1710	1.2181
December	2.1130	1.2273	1.6284