2023 GMD to GHS Historical Review

YEARLY HIGH

0.2111 GHS

YEARLY LOW

0.1347 GHS

YEARLY AVERAGE

0.1879 GHS

2023 GMD to GHS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the GMD to GHS exchange rate experienced significant fluctuation. The market reached its absolute peak on February 27, valuing the pair at 0.2111. Conversely, the yearly low was recorded on January 1, dropping to 0.1347.

This high-to-low spread represents a total annual volatility of 0.0764 GHS. From a start-to-finish perspective, comparing the January average rate of 0.1846 to the December average rate of 0.1785, the exchange rate registered a net change of -3.30% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.2111 was down 12.77% compared to the 2022 peak of 0.2420, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 GMD based on timing:

Yearly Peak High 1,056 GHS

2022 Average 806 GHS

Yearly Trough Low 674 GHS

Transaction Impact: A difference of 381.91 GHS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.2069

0.1759

JanuMarcMayJulySeptNove

GMD to GHS 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 0.1926, compared to 0.1833 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0093 points.

H1 Avg (Jan–Jun) 0.1926

H2 Avg (Jul–Dec) 0.1833

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 0.0675 GHS (High: 0.2023 / Low: 0.1347). On the other end, December was the most stable month, with a tight range of 0.0029 GHS (High: 0.1806 / Low: 0.1777).

January Spread (Volatile) ±0.0675

December Spread (Stable) ±0.0029

Growth Streaks & Declines

Trends

Between April and July, 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 0.0158 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0158

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2023: 0.2044) against the same month in 2022 (average: 0.1225), the exchange rate shifted by +0.0818 (+66.78%).

2023 Avg (February) 0.2044

2022 Avg (February) 0.1225

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.2023	0.1347	0.1846
February	0.2111	0.1990	0.2044
March	0.2095	0.1874	0.2009
April	0.1968	0.1728	0.1851
May	0.1973	0.1786	0.1901
June	0.1931	0.1870	0.1904
July	0.1947	0.1893	0.1913
August	0.1881	0.1846	0.1861
September	0.1900	0.1772	0.1860
October	0.1825	0.1771	0.1792
November	0.1834	0.1768	0.1786
December	0.1806	0.1777	0.1785