2023 SYP to GHS Historical Review

YEARLY HIGH

0.0051 GHS

YEARLY LOW

0.0033 GHS

YEARLY AVERAGE

0.0047 GHS

2023 SYP to GHS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the SYP to GHS exchange rate experienced significant fluctuation. The market reached its absolute peak on February 23, valuing the pair at 0.0051. Conversely, the yearly low was recorded on January 1, dropping to 0.0033.

This high-to-low spread represents a total annual volatility of 0.0018 GHS. From a start-to-finish perspective, comparing the January average rate of 0.0046 to the December average rate of 0.0048, the exchange rate registered a net change of 5.01% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0051 was down 11.82% compared to the 2022 peak of 0.0058, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 26 GHS

2022 Average 18 GHS

Yearly Trough Low 17 GHS

Transaction Impact: A difference of 9.06 GHS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0050

0.0044

JanuMarcMayJulySeptNove

SYP 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 0.0047, compared to 0.0046 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0000 points.

H1 Avg (Jan–Jun) 0.0047

H2 Avg (Jul–Dec) 0.0046

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 0.0017 GHS (High: 0.0050 / Low: 0.0033). On the other end, December was the most stable month, with a tight range of 0.0001 GHS (High: 0.0048 / Low: 0.0048).

January Spread (Volatile) ±0.0017

December Spread (Stable) ±0.0001

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 0.0004 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0004

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2023: 0.0050) against the same month in 2022 (average: 0.0026), the exchange rate shifted by +0.0024 (+91.75%).

2023 Avg (February) 0.0050

2022 Avg (February) 0.0026

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0050	0.0033	0.0046
February	0.0051	0.0048	0.0050
March	0.0051	0.0046	0.0049
April	0.0048	0.0043	0.0046
May	0.0047	0.0042	0.0045
June	0.0046	0.0044	0.0045
July	0.0046	0.0045	0.0045
August	0.0046	0.0044	0.0045
September	0.0046	0.0045	0.0046
October	0.0047	0.0046	0.0047
November	0.0048	0.0047	0.0048
December	0.0048	0.0048	0.0048