YEARLY HIGH
26.6553 JMD
YEARLY LOW
24.1903 JMD
YEARLY AVERAGE
25.4371 JMD

2021 GHS to JMD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the GHS to JMD exchange rate experienced significant fluctuation. The market reached its absolute peak on May 1, valuing the pair at 26.6553. Conversely, the yearly low was recorded on October 3, dropping to 24.1903.

This high-to-low spread represents a total annual volatility of 2.4651 JMD. From a start-to-finish perspective, comparing the January average rate of 24.6330 to the December average rate of 25.1326, the exchange rate registered a net change of 2.03% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2021 high of 26.6553 was up 0.40% compared to the 2020 peak of 26.5505, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 133,277 JMD
2020 Average 123,804 JMD
Yearly Trough Low 120,951 JMD
Transaction Impact: A difference of 12,325.44 JMD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

26.2538
24.4856
JanuMarcMayJulySeptNove

GHS to JMD 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 25.6468, compared to 25.2273 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.4196 points.

H1 Avg (Jan–Jun) 25.6468
H2 Avg (Jul–Dec) 25.2273

Volatility Range Comparison

Volatility

The most volatile month in 2021 was April, with a trading range of 1.4025 JMD (High: 26.6448 / Low: 25.2423). On the other end, November was the most stable month, with a tight range of 0.1619 JMD (High: 25.4533 / Low: 25.2914).

April Spread (Volatile) ±1.4025
November Spread (Stable) ±0.1619

Growth Streaks & Declines

Trends

Between March and May, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between August and September, when the average rate fell by 0.8076 points.

Longest Streak 2 Mo.
Sharpest MoM Drop -0.8076

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2021: 26.1065) against the same month in 2020 (average: 24.9854), the exchange rate shifted by +1.1211 (+4.49%).

2021 Avg (May) 26.1065
2020 Avg (May) 24.9854

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 25.1300 24.1998 24.6330
February 26.3195 25.1699 25.8501
March 26.3226 25.1618 25.6690
April 26.6448 25.2423 25.8839
May 26.6553 25.7312 26.1065
June 25.9793 25.4852 25.7385
July 26.1122 25.2298 25.7522
August 25.9663 25.0529 25.5696
September 25.2844 24.3804 24.7621
October 25.3354 24.1903 24.7593
November 25.4533 25.2914 25.3878
December 25.4676 24.8882 25.1326