2023 MXN to GHS Historical Review

YEARLY HIGH

0.7101 GHS

YEARLY LOW

0.4281 GHS

YEARLY AVERAGE

0.6598 GHS

2023 MXN to GHS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MXN to GHS exchange rate experienced significant fluctuation. The market reached its absolute peak on December 27, valuing the pair at 0.7101. Conversely, the yearly low was recorded on January 1, dropping to 0.4281.

This high-to-low spread represents a total annual volatility of 0.2820 GHS. From a start-to-finish perspective, comparing the January average rate of 0.6044 to the December average rate of 0.7004, the exchange rate registered a net change of 15.88% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.7101 was down 6.25% compared to the 2022 peak of 0.7574, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 50,000 MXN based on timing:

Yearly Peak High 35,505 GHS

2022 Average 22,499 GHS

Yearly Trough Low 21,406 GHS

Transaction Impact: A difference of 14,098.31 GHS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.7099

0.5948

JanuMarcMayJulySeptNove

MXN 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 0.6462, compared to 0.6734 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0272 points.

H1 Avg (Jan–Jun) 0.6462

H2 Avg (Jul–Dec) 0.6734

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 0.2375 GHS (High: 0.6657 / Low: 0.4281). On the other end, December was the most stable month, with a tight range of 0.0227 GHS (High: 0.7101 / Low: 0.6874).

January Spread (Volatile) ±0.2375

December Spread (Stable) ±0.0227

Growth Streaks & Declines

Trends

Between April and July, 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 0.0367 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0367

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 0.7004) against the same month in 2022 (average: 0.5679), the exchange rate shifted by +0.1324 (+23.32%).

2023 Avg (December) 0.7004

2022 Avg (December) 0.5679

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.6657	0.4281	0.6044
February	0.7020	0.6404	0.6716
March	0.7059	0.6466	0.6702
April	0.6673	0.5874	0.6334
May	0.6717	0.6006	0.6411
June	0.6732	0.6344	0.6568
July	0.6885	0.6582	0.6743
August	0.6825	0.6442	0.6640
September	0.6744	0.6488	0.6643
October	0.6671	0.6385	0.6503
November	0.7000	0.6706	0.6874
December	0.7101	0.6874	0.7004