YEARLY HIGH
0.9703 GHS
YEARLY LOW
0.6839 GHS
YEARLY AVERAGE
0.8229 GHS

2020 TRY to GHS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2020

During 2020, the TRY to GHS exchange rate experienced significant fluctuation. The market reached its absolute peak on January 16, valuing the pair at 0.9703. Conversely, the yearly low was recorded on November 7, dropping to 0.6839.

This high-to-low spread represents a total annual volatility of 0.2864 GHS. From a start-to-finish perspective, comparing the January average rate of 0.9540 to the December average rate of 0.7621, the exchange rate registered a net change of -20.11% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2020 high of 0.9703 was down 59.51% compared to the 2019 peak of 2.3963, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 50,000 TRY based on timing:

Yearly Peak High 48,516 GHS
2019 Average 47,438 GHS
Yearly Trough Low 34,194 GHS
Transaction Impact: A difference of 14,322.03 GHS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2020.

0.9763
0.7092
JanuMarcMayJulySeptNove

TRY 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 0.8745, compared to 0.7713 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.1031 points.

H1 Avg (Jan–Jun) 0.8745
H2 Avg (Jul–Dec) 0.7713

Volatility Range Comparison

Volatility

The most volatile month in 2020 was November, with a trading range of 0.0888 GHS (High: 0.7727 / Low: 0.6839). On the other end, June was the most stable month, with a tight range of 0.0187 GHS (High: 0.8618 / Low: 0.8431).

November Spread (Volatile) ±0.0888
June Spread (Stable) ±0.0187

Growth Streaks & Declines

Trends

Between October and December, 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 January and February, when the average rate fell by 0.0672 points.

Longest Streak 2 Mo.
Sharpest MoM Drop -0.0672

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2020: 0.9540) against the same month in 2019 (average: 0.9146), the exchange rate shifted by +0.0394 (+4.31%).

2020 Avg (January) 0.9540
2019 Avg (January) 0.9146

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 0.9703 0.9194 0.9540
February 0.9194 0.8646 0.8869
March 0.8977 0.8572 0.8796
April 0.8744 0.8209 0.8433
May 0.8566 0.8035 0.8343
June 0.8618 0.8431 0.8487
July 0.8473 0.8268 0.8407
August 0.8330 0.7796 0.7932
September 0.7836 0.7401 0.7667
October 0.7472 0.6997 0.7315
November 0.7727 0.6839 0.7336
December 0.7953 0.7431 0.7621