2023 SRD to GHS Historical Review

YEARLY HIGH

0.3905 GHS

YEARLY LOW

0.2624 GHS

YEARLY AVERAGE

0.3210 GHS

2023 SRD to GHS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the SRD to GHS exchange rate experienced significant fluctuation. The market reached its absolute peak on January 27, valuing the pair at 0.3905. Conversely, the yearly low was recorded on January 1, dropping to 0.2624.

This high-to-low spread represents a total annual volatility of 0.1281 GHS. From a start-to-finish perspective, comparing the January average rate of 0.3597 to the December average rate of 0.3218, the exchange rate registered a net change of -10.55% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.3905 was down 20.31% compared to the 2022 peak of 0.4900, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 1,952 GHS

2022 Average 1,837 GHS

Yearly Trough Low 1,312 GHS

Transaction Impact: A difference of 640.33 GHS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.3891

0.2861

JanuMarcMayJulySeptNove

SRD 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 0.3355, compared to 0.3066 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0289 points.

H1 Avg (Jan–Jun) 0.3355

H2 Avg (Jul–Dec) 0.3066

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 0.1281 GHS (High: 0.3905 / Low: 0.2624). On the other end, November was the most stable month, with a tight range of 0.0064 GHS (High: 0.3171 / Low: 0.3107).

January Spread (Volatile) ±0.1281

November Spread (Stable) ±0.0064

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 0.0457 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0457

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.3597) against the same month in 2022 (average: 0.2938), the exchange rate shifted by +0.0659 (+22.41%).

2023 Avg (January) 0.3597

2022 Avg (January) 0.2938

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.3905	0.2624	0.3597
February	0.3856	0.3748	0.3806
March	0.3775	0.3227	0.3568
April	0.3275	0.2949	0.3111
May	0.3176	0.2851	0.3043
June	0.3055	0.2959	0.3004
July	0.3076	0.2951	0.3003
August	0.2992	0.2907	0.2947
September	0.3032	0.2956	0.3000
October	0.3130	0.3030	0.3083
November	0.3171	0.3107	0.3144
December	0.3262	0.3170	0.3218