2023 RON to GHS Historical Review

YEARLY HIGH

2.7801 GHS

YEARLY LOW

1.8009 GHS

YEARLY AVERAGE

2.5565 GHS

2023 RON to GHS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the RON to GHS exchange rate experienced significant fluctuation. The market reached its absolute peak on February 23, valuing the pair at 2.7801. Conversely, the yearly low was recorded on January 1, dropping to 1.8009.

This high-to-low spread represents a total annual volatility of 0.9792 GHS. From a start-to-finish perspective, comparing the January average rate of 2.5089 to the December average rate of 2.6414, the exchange rate registered a net change of 5.28% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 2.7801 was down 9.67% compared to the 2022 peak of 3.0778, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 13,901 GHS

2022 Average 9,554 GHS

Yearly Trough Low 9,005 GHS

Transaction Impact: A difference of 4,895.84 GHS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

2.7468

2.4446

JanuMarcMayJulySeptNove

RON 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 2.5705, compared to 2.5425 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0280 points.

H1 Avg (Jan–Jun) 2.5705

H2 Avg (Jul–Dec) 2.5425

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 0.9726 GHS (High: 2.7735 / Low: 1.8009). On the other end, September was the most stable month, with a tight range of 0.0464 GHS (High: 2.4923 / Low: 2.4459).

January Spread (Volatile) ±0.9726

September Spread (Stable) ±0.0464

Growth Streaks & Declines

Trends

Between September and December, 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 0.1388 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.1388

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2023: 2.7216) against the same month in 2022 (average: 1.4932), the exchange rate shifted by +1.2284 (+82.27%).

2023 Avg (February) 2.7216

2022 Avg (February) 1.4932

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.7735	1.8009	2.5089
February	2.7801	2.6584	2.7216
March	2.7732	2.5528	2.6800
April	2.6770	2.3771	2.5412
May	2.6608	2.3046	2.4959
June	2.5410	2.4020	2.4754
July	2.6252	2.4910	2.5532
August	2.5302	2.4686	2.4893
September	2.4923	2.4459	2.4698
October	2.5434	2.4437	2.5015
November	2.6551	2.5379	2.5996
December	2.6836	2.6019	2.6414