2023 HTG to GHS Historical Review

YEARLY HIGH

0.0911 GHS

YEARLY LOW

0.0564 GHS

YEARLY AVERAGE

0.0828 GHS

2023 HTG to GHS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the HTG to GHS exchange rate experienced significant fluctuation. The market reached its absolute peak on December 19, valuing the pair at 0.0911. Conversely, the yearly low was recorded on January 1, dropping to 0.0564.

This high-to-low spread represents a total annual volatility of 0.0347 GHS. From a start-to-finish perspective, comparing the January average rate of 0.0771 to the December average rate of 0.0909, the exchange rate registered a net change of 17.90% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0911 was down 19.04% compared to the 2022 peak of 0.1126, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 456 GHS

2022 Average 379 GHS

Yearly Trough Low 282 GHS

Transaction Impact: A difference of 173.67 GHS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0926

0.0721

JanuMarcMayJulySeptNove

HTG 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 0.0790, compared to 0.0866 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0076 points.

H1 Avg (Jan–Jun) 0.0790

H2 Avg (Jul–Dec) 0.0866

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 0.0275 GHS (High: 0.0839 / Low: 0.0564). On the other end, December was the most stable month, with a tight range of 0.0005 GHS (High: 0.0911 / Low: 0.0906).

January Spread (Volatile) ±0.0275

December Spread (Stable) ±0.0005

Growth Streaks & Declines

Trends

Between April and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 8 straight months. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 0.0065 points.

Longest Streak 8 Mo.

Sharpest MoM Drop -0.0065

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 0.0909) against the same month in 2022 (average: 0.0771), the exchange rate shifted by +0.0138 (+17.96%).

2023 Avg (December) 0.0909

2022 Avg (December) 0.0771

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0839	0.0564	0.0771
February	0.0864	0.0804	0.0831
March	0.0848	0.0753	0.0803
April	0.0776	0.0695	0.0738
May	0.0810	0.0741	0.0782
June	0.0831	0.0793	0.0813
July	0.0851	0.0816	0.0829
August	0.0843	0.0816	0.0829
September	0.0858	0.0837	0.0849
October	0.0896	0.0855	0.0878
November	0.0907	0.0897	0.0901
December	0.0911	0.0906	0.0909