2023 JOD to GHS Historical Review

YEARLY HIGH

18.1808 GHS

YEARLY LOW

11.7683 GHS

YEARLY AVERAGE

16.4847 GHS

2023 JOD to GHS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the JOD to GHS exchange rate experienced significant fluctuation. The market reached its absolute peak on February 23, valuing the pair at 18.1808. Conversely, the yearly low was recorded on January 1, dropping to 11.7683.

This high-to-low spread represents a total annual volatility of 6.4125 GHS. From a start-to-finish perspective, comparing the January average rate of 16.1373 to the December average rate of 16.9453, the exchange rate registered a net change of 5.01% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 18.1808 was down 11.87% compared to the 2022 peak of 20.6301, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 90,904 GHS

2022 Average 63,540 GHS

Yearly Trough Low 58,842 GHS

Transaction Impact: A difference of 32,062.64 GHS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

17.7657

15.7618

JanuMarcMayJulySeptNove

JOD 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 16.5383, compared to 16.4311 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.1072 points.

H1 Avg (Jan–Jun) 16.5383

H2 Avg (Jul–Dec) 16.4311

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 5.8547 GHS (High: 17.6230 / Low: 11.7683). On the other end, December was the most stable month, with a tight range of 0.1907 GHS (High: 17.0531 / Low: 16.8623).

January Spread (Volatile) ±5.8547

December Spread (Stable) ±0.1907

Growth Streaks & Declines

Trends

Between August and December, 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 March and April, when the average rate fell by 1.2492 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -1.2492

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2023: 17.5987) against the same month in 2022 (average: 9.1818), the exchange rate shifted by +8.4169 (+91.67%).

2023 Avg (February) 17.5987

2022 Avg (February) 9.1818

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	17.6230	11.7683	16.1373
February	18.1808	17.1410	17.5987
March	18.0285	16.4223	17.3807
April	16.9757	15.1617	16.1314
May	16.7014	14.9989	16.0183
June	16.2170	15.7021	15.9634
July	16.3922	15.9102	16.0863
August	16.1525	15.7709	15.9288
September	16.3747	16.1097	16.2119
October	16.7744	16.3504	16.5777
November	16.9208	16.7092	16.8366
December	17.0531	16.8623	16.9453