2023 PLN to GHS Historical Review

YEARLY HIGH

3.0896 GHS

YEARLY LOW

1.9086 GHS

YEARLY AVERAGE

2.7868 GHS

2023 PLN to GHS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the PLN to GHS exchange rate experienced significant fluctuation. The market reached its absolute peak on December 27, valuing the pair at 3.0896. Conversely, the yearly low was recorded on January 1, dropping to 1.9086.

This high-to-low spread represents a total annual volatility of 1.1810 GHS. From a start-to-finish perspective, comparing the January average rate of 2.6426 to the December average rate of 3.0312, the exchange rate registered a net change of 14.70% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 3.0896 was down 4.31% compared to the 2022 peak of 3.2287, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 20,000 PLN based on timing:

Yearly Peak High 61,793 GHS

2022 Average 40,148 GHS

Yearly Trough Low 38,172 GHS

Transaction Impact: A difference of 23,620.91 GHS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

3.0700

2.6038

JanuMarcMayJulySeptNove

PLN 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 2.7422, compared to 2.8314 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0892 points.

H1 Avg (Jan–Jun) 2.7422

H2 Avg (Jul–Dec) 2.8314

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 0.9878 GHS (High: 2.8964 / Low: 1.9086). On the other end, August was the most stable month, with a tight range of 0.0793 GHS (High: 2.8060 / Low: 2.7268).

January Spread (Volatile) ±0.9878

August Spread (Stable) ±0.0793

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 0.1084 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.1084

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 3.0312) against the same month in 2022 (average: 2.5154), the exchange rate shifted by +0.5157 (+20.50%).

2023 Avg (December) 3.0312

2022 Avg (December) 2.5154

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.8964	1.9086	2.6426
February	2.8979	2.7302	2.8165
March	2.9203	2.6992	2.8141
April	2.8765	2.5018	2.7057
May	2.8658	2.5217	2.7202
June	2.8340	2.6564	2.7538
July	2.9054	2.7605	2.8388
August	2.8060	2.7268	2.7596
September	2.7573	2.6262	2.6666
October	2.8376	2.6277	2.7556
November	3.0553	2.8220	2.9365
December	3.0896	2.9821	3.0312