YEARLY HIGH
1.0986 DKK
YEARLY LOW
1.0283 DKK
YEARLY AVERAGE
1.0619 DKK

2021 GHS to DKK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the GHS to DKK exchange rate experienced significant fluctuation. The market reached its absolute peak on March 26, valuing the pair at 1.0986. Conversely, the yearly low was recorded on January 6, dropping to 1.0283.

This high-to-low spread represents a total annual volatility of 0.0703 DKK. From a start-to-finish perspective, comparing the January average rate of 1.0443 to the December average rate of 1.0708, the exchange rate registered a net change of 2.54% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2021 high of 1.0986 was down 15.51% compared to the 2020 peak of 1.3003, 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 5,493 DKK
2020 Average 5,708 DKK
Yearly Trough Low 5,141 DKK
Transaction Impact: A difference of 351.54 DKK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

1.0929
1.0399
JanuMarcMayJulySeptNove

GHS to DKK 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 1.0657, compared to 1.0582 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0074 points.

H1 Avg (Jan–Jun) 1.0657
H2 Avg (Jul–Dec) 1.0582

Volatility Range Comparison

Volatility

The most volatile month in 2021 was April, with a trading range of 0.0368 DKK (High: 1.0973 / Low: 1.0604). On the other end, February was the most stable month, with a tight range of 0.0164 DKK (High: 1.0715 / Low: 1.0552).

April Spread (Volatile) ±0.0368
February Spread (Stable) ±0.0164

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 April and May, when the average rate fell by 0.0157 points.

Longest Streak 3 Mo.
Sharpest MoM Drop -0.0157

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2021: 1.0884) against the same month in 2020 (average: 1.2101), the exchange rate shifted by -0.1217 (-10.06%).

2021 Avg (March) 1.0884
2020 Avg (March) 1.2101

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 1.0563 1.0283 1.0443
February 1.0715 1.0552 1.0612
March 1.0986 1.0715 1.0884
April 1.0973 1.0604 1.0762
May 1.0723 1.0496 1.0605
June 1.0826 1.0492 1.0633
July 1.0722 1.0459 1.0597
August 1.0653 1.0425 1.0498
September 1.0622 1.0327 1.0472
October 1.0643 1.0446 1.0567
November 1.0823 1.0495 1.0650
December 1.0870 1.0622 1.0708