2022 MAD to GHS Historical Review

YEARLY HIGH

1.3740 GHS

YEARLY LOW

0.6627 GHS

YEARLY AVERAGE

0.8782 GHS

2022 MAD to GHS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2022

During 2022, the MAD to GHS exchange rate experienced significant fluctuation. The market reached its absolute peak on November 28, valuing the pair at 1.3740. Conversely, the yearly low was recorded on January 1, dropping to 0.6627.

This high-to-low spread represents a total annual volatility of 0.7112 GHS. From a start-to-finish perspective, comparing the January average rate of 0.6691 to the December average rate of 1.0574, the exchange rate registered a net change of 58.03% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2022 high of 1.3740 was up 102.26% compared to the 2021 peak of 0.6793, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 6,870 GHS

2021 Average 3,294 GHS

Yearly Trough Low 3,314 GHS

Transaction Impact: A difference of 3,556.17 GHS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2022.

1.3959

0.6030

JanuMarcMayJulySeptNove

MAD 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 0.7384, compared to 1.0179 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.2795 points.

H1 Avg (Jan–Jun) 0.7384

H2 Avg (Jul–Dec) 1.0179

Volatility Range Comparison

Volatility

The most volatile month in 2022 was December, with a trading range of 0.5460 GHS (High: 1.3395 / Low: 0.7934). On the other end, January was the most stable month, with a tight range of 0.0162 GHS (High: 0.6789 / Low: 0.6627).

December Spread (Volatile) ±0.5460

January Spread (Stable) ±0.0162

Growth Streaks & Declines

Trends

Between May and November, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 6 straight months. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 0.2724 points.

Longest Streak 6 Mo.

Sharpest MoM Drop -0.2724

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2022: 1.3299) against the same month in 2021 (average: 0.6684), the exchange rate shifted by +0.6614 (+98.95%).

2022 Avg (November) 1.3299

2021 Avg (November) 0.6684

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.6789	0.6627	0.6691
February	0.7158	0.6718	0.6933
March	0.7826	0.7067	0.7425
April	0.7757	0.7513	0.7678
May	0.7909	0.7426	0.7644
June	0.8040	0.7843	0.7935
July	0.8221	0.7735	0.7967
August	0.9516	0.8244	0.8958
September	0.9597	0.9247	0.9411
October	1.2931	0.9439	1.0865
November	1.3740	1.2424	1.3299
December	1.3395	0.7934	1.0574