YEARLY HIGH
8.5928 PHP
YEARLY LOW
8.0830 PHP
YEARLY AVERAGE
8.3189 PHP

2021 GHS to PHP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the GHS to PHP exchange rate experienced significant fluctuation. The market reached its absolute peak on July 19, valuing the pair at 8.5928. Conversely, the yearly low was recorded on August 25, dropping to 8.0830.

This high-to-low spread represents a total annual volatility of 0.5098 PHP. From a start-to-finish perspective, comparing the January average rate of 8.2134 to the December average rate of 8.1909, the exchange rate registered a net change of -0.27% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2021 high of 8.5928 was down 10.27% compared to the 2020 peak of 9.5768, 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 42,964 PHP
2020 Average 43,291 PHP
Yearly Trough Low 40,415 PHP
Transaction Impact: A difference of 2,548.96 PHP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

8.4770
8.1649
JanuMarcMayJulySeptNove

GHS to PHP 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 8.3278, compared to 8.3100 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0179 points.

H1 Avg (Jan–Jun) 8.3278
H2 Avg (Jul–Dec) 8.3100

Volatility Range Comparison

Volatility

The most volatile month in 2021 was August, with a trading range of 0.3943 PHP (High: 8.4773 / Low: 8.0830). On the other end, April was the most stable month, with a tight range of 0.0892 PHP (High: 8.4279 / Low: 8.3388).

August Spread (Volatile) ±0.3943
April Spread (Stable) ±0.0892

Growth Streaks & Declines

Trends

Between January and March, 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 October and November, when the average rate fell by 0.1299 points.

Longest Streak 2 Mo.
Sharpest MoM Drop -0.1299

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2021: 8.4319) against the same month in 2020 (average: 8.5531), the exchange rate shifted by -0.1212 (-1.42%).

2021 Avg (July) 8.4319
2020 Avg (July) 8.5531

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 8.2534 8.1164 8.2134
February 8.5119 8.2223 8.3346
March 8.4955 8.3829 8.4510
April 8.4279 8.3388 8.3845
May 8.3388 8.2335 8.2945
June 8.3771 8.1998 8.2891
July 8.5928 8.3446 8.4319
August 8.4773 8.0830 8.3400
September 8.4833 8.2315 8.3215
October 8.4067 8.2543 8.3527
November 8.3113 8.1422 8.2228
December 8.3154 8.0935 8.1909