YEARLY HIGH
0.6371 QAR
YEARLY LOW
0.5885 QAR
YEARLY AVERAGE
0.6156 QAR

2021 GHS to QAR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the GHS to QAR exchange rate experienced significant fluctuation. The market reached its absolute peak on March 14, valuing the pair at 0.6371. Conversely, the yearly low was recorded on December 9, dropping to 0.5885.

This high-to-low spread represents a total annual volatility of 0.0487 QAR. From a start-to-finish perspective, comparing the January average rate of 0.6223 to the December average rate of 0.5928, the exchange rate registered a net change of -4.75% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2021 high of 0.6371 was down 6.92% compared to the 2020 peak of 0.6845, 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 3,186 QAR
2020 Average 3,177 QAR
Yearly Trough Low 2,942 QAR
Transaction Impact: A difference of 243.34 QAR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

0.6383
0.5886
JanuMarcMayJulySeptNove

GHS to QAR 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 0.6287, compared to 0.6025 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0263 points.

H1 Avg (Jan–Jun) 0.6287
H2 Avg (Jul–Dec) 0.6025

Volatility Range Comparison

Volatility

The most volatile month in 2021 was July, with a trading range of 0.0185 QAR (High: 0.6271 / Low: 0.6087). On the other end, April was the most stable month, with a tight range of 0.0038 QAR (High: 0.6317 / Low: 0.6279).

July Spread (Volatile) ±0.0185
April Spread (Stable) ±0.0038

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 June and July, when the average rate fell by 0.0123 points.

Longest Streak 2 Mo.
Sharpest MoM Drop -0.0123

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2021: 0.6341) against the same month in 2020 (average: 0.6526), the exchange rate shifted by -0.0184 (-2.82%).

2021 Avg (March) 0.6341
2020 Avg (March) 0.6526

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 0.6271 0.6173 0.6223
February 0.6333 0.6246 0.6283
March 0.6371 0.6298 0.6341
April 0.6317 0.6279 0.6301
May 0.6339 0.6282 0.6308
June 0.6299 0.6235 0.6268
July 0.6271 0.6087 0.6145
August 0.6171 0.6023 0.6078
September 0.6115 0.6000 0.6051
October 0.6040 0.5965 0.5999
November 0.5990 0.5920 0.5948
December 0.5983 0.5885 0.5928