2023 XAF to GHS Historical Review

YEARLY HIGH

0.0208 GHS

YEARLY LOW

0.0136 GHS

YEARLY AVERAGE

0.0193 GHS

2023 XAF to GHS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the XAF to GHS exchange rate experienced significant fluctuation. The market reached its absolute peak on February 23, valuing the pair at 0.0208. Conversely, the yearly low was recorded on January 1, dropping to 0.0136.

This high-to-low spread represents a total annual volatility of 0.0072 GHS. From a start-to-finish perspective, comparing the January average rate of 0.0188 to the December average rate of 0.0200, the exchange rate registered a net change of 6.25% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0208 was down 9.65% compared to the 2022 peak of 0.0231, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 104 GHS

2022 Average 72 GHS

Yearly Trough Low 68 GHS

Transaction Impact: A difference of 36.08 GHS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0205

0.0185

JanuMarcMayJulySeptNove

XAF 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 0.0194, compared to 0.0192 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0001 points.

H1 Avg (Jan–Jun) 0.0194

H2 Avg (Jul–Dec) 0.0192

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 0.0071 GHS (High: 0.0207 / Low: 0.0136). On the other end, September was the most stable month, with a tight range of 0.0003 GHS (High: 0.0188 / Low: 0.0185).

January Spread (Volatile) ±0.0071

September Spread (Stable) ±0.0003

Growth Streaks & Declines

Trends

Between September and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 0.0010 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0010

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2023: 0.0204) against the same month in 2022 (average: 0.0113), the exchange rate shifted by +0.0091 (+80.98%).

2023 Avg (February) 0.0204

2022 Avg (February) 0.0113

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0207	0.0136	0.0188
February	0.0208	0.0199	0.0204
March	0.0208	0.0193	0.0201
April	0.0201	0.0179	0.0192
May	0.0202	0.0175	0.0189
June	0.0192	0.0182	0.0187
July	0.0197	0.0188	0.0192
August	0.0191	0.0186	0.0188
September	0.0188	0.0185	0.0187
October	0.0192	0.0185	0.0189
November	0.0201	0.0192	0.0197
December	0.0204	0.0197	0.0200