YEARLY HIGH
8.9710 GMD
YEARLY LOW
8.4447 GMD
YEARLY AVERAGE
8.7013 GMD

2021 GHS to GMD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the GHS to GMD exchange rate experienced significant fluctuation. The market reached its absolute peak on March 1, valuing the pair at 8.9710. Conversely, the yearly low was recorded on September 7, dropping to 8.4447.

This high-to-low spread represents a total annual volatility of 0.5264 GMD. From a start-to-finish perspective, comparing the January average rate of 8.8265 to the December average rate of 8.5510, the exchange rate registered a net change of -3.12% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2021 high of 8.9710 was down 6.44% compared to the 2020 peak of 9.5888, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 44,855 GMD
2020 Average 44,904 GMD
Yearly Trough Low 42,223 GMD
Transaction Impact: A difference of 2,631.84 GMD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

8.9755
8.4545
JanuMarcMayJulySeptNove

GHS to GMD 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: JanтАУJun) was 8.8592, compared to 8.5434 in the second half (H2: JulтАУDec). This shows that the rate was stronger in the first half (JanтАУJun) by a margin of 0.3158 points.

H1 Avg (JanтАУJun) 8.8592
H2 Avg (JulтАУDec) 8.5434

Volatility Range Comparison

Volatility

The most volatile month in 2021 was December, with a trading range of 0.2073 GMD (High: 8.6844 / Low: 8.4771). On the other end, November was the most stable month, with a tight range of 0.0477 GMD (High: 8.5567 / Low: 8.5090).

December Spread (Volatile) ┬▒0.2073
November Spread (Stable) ┬▒0.0477

Growth Streaks & Declines

Trends

Between January and March, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between June and July, when the average rate fell by 0.1810 points.

Longest Streak 2 Mo.
Sharpest MoM Drop -0.1810

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2021: 8.9321) against the same month in 2020 (average: 9.1275), the exchange rate shifted by -0.1954 (-2.14%).

2021 Avg (March) 8.9321
2020 Avg (March) 9.1275

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Month High Low Average
January 8.8751 8.7734 8.8265
February 8.9156 8.8388 8.8739
March 8.9710 8.8649 8.9321
April 8.8972 8.8186 8.8530
May 8.9273 8.8250 8.8692
June 8.8452 8.7402 8.8003
July 8.7361 8.5505 8.6193
August 8.5984 8.4549 8.4979
September 8.6180 8.4447 8.5245
October 8.5746 8.4870 8.5380
November 8.5567 8.5090 8.5294
December 8.6844 8.4771 8.5510