2023 TRY to GHS Historical Review

YEARLY HIGH

0.6834 GHS

YEARLY LOW

0.4059 GHS

YEARLY AVERAGE

0.5078 GHS

2023 TRY to GHS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the TRY to GHS exchange rate experienced significant fluctuation. The market reached its absolute peak on February 23, valuing the pair at 0.6834. Conversely, the yearly low was recorded on December 29, dropping to 0.4059.

This high-to-low spread represents a total annual volatility of 0.2774 GHS. From a start-to-finish perspective, comparing the January average rate of 0.6095 to the December average rate of 0.4131, the exchange rate registered a net change of -32.22% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.6834 was down 12.99% compared to the 2022 peak of 0.7854, 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 34,168 GHS

2022 Average 26,858 GHS

Yearly Trough Low 20,297 GHS

Transaction Impact: A difference of 13,871.58 GHS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.6873

0.3882

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 0.5945, compared to 0.4211 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.1734 points.

H1 Avg (Jan–Jun) 0.5945

H2 Avg (Jul–Dec) 0.4211

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 0.2180 GHS (High: 0.6646 / Low: 0.4466). On the other end, October was the most stable month, with a tight range of 0.0056 GHS (High: 0.4245 / Low: 0.4189).

January Spread (Volatile) ±0.2180

October Spread (Stable) ±0.0056

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2023. Conversely, the sharpest month-over-month decline occurred between May and June, when the average rate fell by 0.0956 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0956

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2023: 0.6624) against the same month in 2022 (average: 0.4770), the exchange rate shifted by +0.1853 (+38.85%).

2023 Avg (February) 0.6624

2022 Avg (February) 0.4770

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.6646	0.4466	0.6095
February	0.6834	0.6456	0.6624
March	0.6771	0.6075	0.6491
April	0.6206	0.5586	0.5915
May	0.6082	0.5371	0.5751
June	0.5392	0.4377	0.4795
July	0.4400	0.4206	0.4310
August	0.4384	0.4106	0.4191
September	0.4281	0.4218	0.4253
October	0.4245	0.4189	0.4217
November	0.4205	0.4137	0.4167
December	0.4181	0.4059	0.4131