YEARLY HIGH
1.6260 GHS
YEARLY LOW
1.4534 GHS
YEARLY AVERAGE
1.5284 GHS

2021 PEN to GHS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the PEN to GHS exchange rate experienced significant fluctuation. The market reached its absolute peak on January 15, valuing the pair at 1.6260. Conversely, the yearly low was recorded on August 9, dropping to 1.4534.

This high-to-low spread represents a total annual volatility of 0.1727 GHS. From a start-to-finish perspective, comparing the January average rate of 1.6137 to the December average rate of 1.5192, the exchange rate registered a net change of -5.85% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2021 high of 1.6260 was down 5.89% compared to the 2020 peak of 1.7279, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 8,130 GHS
2020 Average 8,208 GHS
Yearly Trough Low 7,267 GHS
Transaction Impact: A difference of 863.42 GHS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

1.6282
1.4541
JanuMarcMayJulySeptNove

PEN 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 1.5559, compared to 1.5010 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0550 points.

H1 Avg (Jan–Jun) 1.5559
H2 Avg (Jul–Dec) 1.5010

Volatility Range Comparison

Volatility

The most volatile month in 2021 was April, with a trading range of 0.0963 GHS (High: 1.6093 / Low: 1.5130). On the other end, September was the most stable month, with a tight range of 0.0239 GHS (High: 1.4796 / Low: 1.4556).

April Spread (Volatile) ±0.0963
September Spread (Stable) ±0.0239

Growth Streaks & Declines

Trends

Between September and November, 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 May and June, when the average rate fell by 0.0465 points.

Longest Streak 2 Mo.
Sharpest MoM Drop -0.0465

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2021: 1.6137) against the same month in 2020 (average: 1.6998), the exchange rate shifted by -0.0861 (-5.06%).

2021 Avg (January) 1.6137
2020 Avg (January) 1.6998

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 1.6260 1.5984 1.6137
February 1.6023 1.5751 1.5895
March 1.5702 1.5374 1.5493
April 1.6093 1.5130 1.5661
May 1.5748 1.5048 1.5317
June 1.5139 1.4607 1.4853
July 1.5234 1.4708 1.5072
August 1.5237 1.4534 1.4760
September 1.4796 1.4556 1.4686
October 1.5474 1.4619 1.5112
November 1.5354 1.5089 1.5235
December 1.5493 1.4970 1.5192