2020 SGD to GHS Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2020.
2020 SGD to GHS Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2020
During 2020, the SGD to GHS exchange rate experienced significant fluctuation. The market reached its absolute peak on December 7, valuing the pair at 4.4680. Conversely, the yearly low was recorded on February 23, dropping to 3.7949.
This high-to-low spread represents a total annual volatility of 0.6730 GHS. From a start-to-finish perspective, comparing the January average rate of 4.1843 to the December average rate of 4.4054, the exchange rate registered a net change of 5.28% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2020 high of 4.4680 was down 57.66% compared to the 2019 peak of 10.5518, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 SGD based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2020.
SGD to GHS Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 4.0461, compared to 4.2709 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.2248 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2020 was February, with a trading range of 0.2347 GHS (High: 4.0297 / Low: 3.7949). On the other end, May was the most stable month, with a tight range of 0.0511 GHS (High: 4.0978 / Low: 4.0467).
Growth Streaks & Declines
TrendsBetween February and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 10 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 0.3120 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2020: 4.4054) against the same month in 2019 (average: 4.2006), the exchange rate shifted by +0.2048 (+4.87%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 4.2332 | 4.0297 | 4.1843 |
| February | 4.0297 | 3.7949 | 3.8723 |
| March | 4.0613 | 3.8552 | 3.9402 |
| April | 4.1215 | 3.9929 | 4.0571 |
| May | 4.0978 | 4.0467 | 4.0714 |
| June | 4.1829 | 4.0792 | 4.1511 |
| July | 4.2093 | 4.1322 | 4.1627 |
| August | 4.2599 | 4.1916 | 4.2154 |
| September | 4.2635 | 4.2075 | 4.2347 |
| October | 4.3056 | 4.2488 | 4.2749 |
| November | 4.3747 | 4.2602 | 4.3322 |
| December | 4.4680 | 4.3690 | 4.4054 |