2019 ZAR to GHS Historical Review

YEARLY HIGH

1.0067 GHS

YEARLY LOW

0.3348 GHS

YEARLY AVERAGE

0.3731 GHS

2019 ZAR to GHS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2019

During 2019, the ZAR to GHS exchange rate experienced significant fluctuation. The market reached its absolute peak on May 19, valuing the pair at 1.0067. Conversely, the yearly low was recorded on January 2, dropping to 0.3348.

This high-to-low spread represents a total annual volatility of 0.6719 GHS. From a start-to-finish perspective, comparing the January average rate of 0.3544 to the December average rate of 0.3960, the exchange rate registered a net change of 11.76% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2019 high of 1.0067 was up 160.19% compared to the 2018 peak of 0.3869, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 50,336 GHS

2018 Average 17,747 GHS

Yearly Trough Low 16,741 GHS

Transaction Impact: A difference of 33,595.00 GHS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2019.

0.4002

0.3502

JanuMarcMayJulySeptNove

ZAR 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 0.3717, compared to 0.3744 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0026 points.

H1 Avg (Jan–Jun) 0.3717

H2 Avg (Jul–Dec) 0.3744

Volatility Range Comparison

Volatility

The most volatile month in 2019 was May, with a trading range of 0.6508 GHS (High: 1.0067 / Low: 0.3560). On the other end, July was the most stable month, with a tight range of 0.0131 GHS (High: 0.3891 / Low: 0.3760).

May Spread (Volatile) ±0.6508

July Spread (Stable) ±0.0131

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 July and August, when the average rate fell by 0.0259 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0259

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2019: 0.3815) against the same month in 2018 (average: 0.3648), the exchange rate shifted by +0.0168 (+4.60%).

2019 Avg (May) 0.3815

2018 Avg (May) 0.3648

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.3750	0.3348	0.3544
February	0.3934	0.3716	0.3811
March	0.3916	0.3512	0.3768
April	0.3818	0.3524	0.3662
May	1.0067	0.3560	0.3815
June	0.3861	0.3570	0.3705
July	0.3891	0.3760	0.3832
August	0.3682	0.3488	0.3574
September	0.3763	0.3576	0.3687
October	0.3770	0.3504	0.3662
November	0.3828	0.3654	0.3747
December	0.4068	0.3827	0.3960