2018 HNL to GHS Historical Review

YEARLY HIGH

0.2106 GHS

YEARLY LOW

0.1864 GHS

YEARLY AVERAGE

0.1958 GHS

2018 HNL to GHS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2018

During 2018, the HNL to GHS exchange rate experienced significant fluctuation. The market reached its absolute peak on December 3, valuing the pair at 0.2106. Conversely, the yearly low was recorded on April 4, dropping to 0.1864.

This high-to-low spread represents a total annual volatility of 0.0241 GHS. From a start-to-finish perspective, comparing the January average rate of 0.1922 to the December average rate of 0.2027, the exchange rate registered a net change of 5.49% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2018 high of 0.2106 was up 3.77% compared to the 2017 peak of 0.2029, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 1,053 GHS

2017 Average 937 GHS

Yearly Trough Low 932 GHS

Transaction Impact: A difference of 120.72 GHS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2018.

0.2042

0.1860

JanuMarcMayJulySeptNove

HNL 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 0.1910, compared to 0.2005 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0095 points.

H1 Avg (Jan–Jun) 0.1910

H2 Avg (Jul–Dec) 0.2005

Volatility Range Comparison

Volatility

The most volatile month in 2018 was December, with a trading range of 0.0121 GHS (High: 0.2106 / Low: 0.1985). On the other end, March was the most stable month, with a tight range of 0.0025 GHS (High: 0.1890 / Low: 0.1865).

December Spread (Volatile) ±0.0121

March Spread (Stable) ±0.0025

Growth Streaks & Declines

Trends

Between March and July, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 0.0027 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0027

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2018: 0.2027) against the same month in 2017 (average: 0.1909), the exchange rate shifted by +0.0119 (+6.23%).

2018 Avg (December) 0.2027

2017 Avg (December) 0.1909

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1937	0.1903	0.1922
February	0.1911	0.1885	0.1895
March	0.1890	0.1865	0.1875
April	0.1897	0.1864	0.1877
May	0.1969	0.1894	0.1923
June	0.1993	0.1955	0.1971
July	0.2015	0.1986	0.1999
August	0.2029	0.1972	0.1998
September	0.2074	0.1964	0.1991
October	0.2056	0.1992	0.2014
November	0.2037	0.1979	0.2003
December	0.2106	0.1985	0.2027