YEARLY HIGH
0.3939 GHS
YEARLY LOW
0.3643 GHS
YEARLY AVERAGE
0.3773 GHS

2021 EGP to GHS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the EGP to GHS exchange rate experienced significant fluctuation. The market reached its absolute peak on December 9, valuing the pair at 0.3939. Conversely, the yearly low was recorded on March 23, dropping to 0.3643.

This high-to-low spread represents a total annual volatility of 0.0296 GHS. From a start-to-finish perspective, comparing the January average rate of 0.3725 to the December average rate of 0.3908, the exchange rate registered a net change of 4.93% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2021 high of 0.3939 was up 3.44% compared to the 2020 peak of 0.3808, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 1,969 GHS
2020 Average 1,814 GHS
Yearly Trough Low 1,821 GHS
Transaction Impact: A difference of 148.05 GHS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

0.3934
0.3632
JanuMarcMayJulySeptNove

EGP 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 0.3693, compared to 0.3854 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0161 points.

H1 Avg (Jan–Jun) 0.3693
H2 Avg (Jul–Dec) 0.3854

Volatility Range Comparison

Volatility

The most volatile month in 2021 was July, with a trading range of 0.0080 GHS (High: 0.3810 / Low: 0.3730). On the other end, April was the most stable month, with a tight range of 0.0030 GHS (High: 0.3694 / Low: 0.3664).

July Spread (Volatile) ±0.0080
April Spread (Stable) ±0.0030

Growth Streaks & Declines

Trends

Between March and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 9 straight months. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 0.0042 points.

Longest Streak 9 Mo.
Sharpest MoM Drop -0.0042

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2021: 0.3908) against the same month in 2020 (average: 0.3740), the exchange rate shifted by +0.0168 (+4.50%).

2021 Avg (December) 0.3908
2020 Avg (December) 0.3740

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 0.3759 0.3704 0.3725
February 0.3727 0.3660 0.3699
March 0.3678 0.3643 0.3657
April 0.3694 0.3664 0.3682
May 0.3703 0.3662 0.3685
June 0.3728 0.3684 0.3709
July 0.3810 0.3730 0.3783
August 0.3852 0.3789 0.3833
September 0.3859 0.3790 0.3840
October 0.3884 0.3849 0.3864
November 0.3911 0.3863 0.3895
December 0.3939 0.3868 0.3908