2023 MGA to GHS Historical Review

YEARLY HIGH

0.0030 GHS

YEARLY LOW

0.0019 GHS

YEARLY AVERAGE

0.0026 GHS

2023 MGA to GHS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MGA to GHS exchange rate experienced significant fluctuation. The market reached its absolute peak on February 22, valuing the pair at 0.0030. Conversely, the yearly low was recorded on January 1, dropping to 0.0019.

This high-to-low spread represents a total annual volatility of 0.0011 GHS. From a start-to-finish perspective, comparing the January average rate of 0.0026 to the December average rate of 0.0026, the exchange rate registered a net change of 0.56% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0030 was down 11.24% compared to the 2022 peak of 0.0034, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 15 GHS

2022 Average 11 GHS

Yearly Trough Low 9 GHS

Transaction Impact: A difference of 5.68 GHS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0029

0.0025

JanuMarcMayJulySeptNove

MGA 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 0.0027, compared to 0.0026 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0001 points.

H1 Avg (Jan–Jun) 0.0027

H2 Avg (Jul–Dec) 0.0026

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 0.0011 GHS (High: 0.0029 / Low: 0.0019). On the other end, November was the most stable month, with a tight range of 0.0000 GHS (High: 0.0027 / Low: 0.0026).

January Spread (Volatile) ±0.0011

November Spread (Stable) ±0.0000

Growth Streaks & Declines

Trends

Between August and November, 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 March and April, when the average rate fell by 0.0002 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0002

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2023: 0.0029) against the same month in 2022 (average: 0.0016), the exchange rate shifted by +0.0013 (+77.94%).

2023 Avg (February) 0.0029

2022 Avg (February) 0.0016

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0029	0.0019	0.0026
February	0.0030	0.0028	0.0029
March	0.0030	0.0027	0.0029
April	0.0027	0.0025	0.0026
May	0.0027	0.0024	0.0026
June	0.0026	0.0025	0.0025
July	0.0026	0.0025	0.0025
August	0.0025	0.0025	0.0025
September	0.0026	0.0025	0.0025
October	0.0026	0.0026	0.0026
November	0.0027	0.0026	0.0026
December	0.0027	0.0026	0.0026