YEARLY HIGH
1.6993 GHS
YEARLY LOW
1.5695 GHS
YEARLY AVERAGE
1.6253 GHS

2021 QAR to GHS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the QAR to GHS exchange rate experienced significant fluctuation. The market reached its absolute peak on December 9, valuing the pair at 1.6993. Conversely, the yearly low was recorded on March 14, dropping to 1.5695.

This high-to-low spread represents a total annual volatility of 0.1298 GHS. From a start-to-finish perspective, comparing the January average rate of 1.6070 to the December average rate of 1.6871, the exchange rate registered a net change of 4.98% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2021 high of 1.6993 was up 3.60% compared to the 2020 peak of 1.6403, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 8,497 GHS
2020 Average 7,875 GHS
Yearly Trough Low 7,848 GHS
Transaction Impact: A difference of 649.02 GHS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

1.6981
1.5659
JanuMarcMayJulySeptNove

QAR 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 1.5905, compared to 1.6601 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0696 points.

H1 Avg (Jan–Jun) 1.5905
H2 Avg (Jul–Dec) 1.6601

Volatility Range Comparison

Volatility

The most volatile month in 2021 was July, with a trading range of 0.0484 GHS (High: 1.6430 / Low: 1.5946). On the other end, April was the most stable month, with a tight range of 0.0097 GHS (High: 1.5927 / Low: 1.5830).

July Spread (Volatile) ±0.0484
April Spread (Stable) ±0.0097

Growth Streaks & Declines

Trends

Between May and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 7 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 0.0155 points.

Longest Streak 7 Mo.
Sharpest MoM Drop -0.0155

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2021: 1.6871) against the same month in 2020 (average: 1.6114), the exchange rate shifted by +0.0757 (+4.70%).

2021 Avg (December) 1.6871
2020 Avg (December) 1.6114

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 1.6201 1.5946 1.6070
February 1.6011 1.5789 1.5915
March 1.5879 1.5695 1.5770
April 1.5927 1.5830 1.5870
May 1.5918 1.5775 1.5852
June 1.6040 1.5875 1.5955
July 1.6430 1.5946 1.6275
August 1.6603 1.6206 1.6454
September 1.6665 1.6353 1.6527
October 1.6764 1.6555 1.6669
November 1.6891 1.6693 1.6813
December 1.6993 1.6714 1.6871