2023 MVR to GHS Historical Review

YEARLY HIGH

0.8402 GHS

YEARLY LOW

0.5420 GHS

YEARLY AVERAGE

0.7606 GHS

2023 MVR to GHS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MVR to GHS exchange rate experienced significant fluctuation. The market reached its absolute peak on February 23, valuing the pair at 0.8402. Conversely, the yearly low was recorded on January 1, dropping to 0.5420.

This high-to-low spread represents a total annual volatility of 0.2982 GHS. From a start-to-finish perspective, comparing the January average rate of 0.7442 to the December average rate of 0.7820, the exchange rate registered a net change of 5.08% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.8402 was down 11.65% compared to the 2022 peak of 0.9510, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 4,201 GHS

2022 Average 2,922 GHS

Yearly Trough Low 2,710 GHS

Transaction Impact: A difference of 1,490.99 GHS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.8212

0.7257

JanuMarcMayJulySeptNove

MVR 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 0.7639, compared to 0.7574 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0065 points.

H1 Avg (Jan–Jun) 0.7639

H2 Avg (Jul–Dec) 0.7574

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 0.2718 GHS (High: 0.8138 / Low: 0.5420). On the other end, December was the most stable month, with a tight range of 0.0086 GHS (High: 0.7855 / Low: 0.7770).

January Spread (Volatile) ±0.2718

December Spread (Stable) ±0.0086

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 0.0570 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0570

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2023: 0.8132) against the same month in 2022 (average: 0.4214), the exchange rate shifted by +0.3918 (+92.98%).

2023 Avg (February) 0.8132

2022 Avg (February) 0.4214

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.8138	0.5420	0.7442
February	0.8402	0.7917	0.8132
March	0.8332	0.7560	0.8021
April	0.7845	0.6998	0.7451
May	0.7719	0.6930	0.7406
June	0.7519	0.7253	0.7381
July	0.7552	0.7334	0.7420
August	0.7427	0.7271	0.7336
September	0.7545	0.7386	0.7452
October	0.7736	0.7541	0.7643
November	0.7838	0.7676	0.7773
December	0.7855	0.7770	0.7820