2020 ZAR to GHS Historical Review

YEARLY HIGH

0.4047 GHS

YEARLY LOW

0.2994 GHS

YEARLY AVERAGE

0.3501 GHS

2020 ZAR to GHS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2020

During 2020, the ZAR to GHS exchange rate experienced significant fluctuation. The market reached its absolute peak on January 2, valuing the pair at 0.4047. Conversely, the yearly low was recorded on April 5, dropping to 0.2994.

This high-to-low spread represents a total annual volatility of 0.1053 GHS. From a start-to-finish perspective, comparing the January average rate of 0.3924 to the December average rate of 0.3947, the exchange rate registered a net change of 0.58% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2020 high of 0.4047 was down 59.80% compared to the 2019 peak of 1.0067, 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 20,237 GHS

2019 Average 18,652 GHS

Yearly Trough Low 14,972 GHS

Transaction Impact: A difference of 5,264.16 GHS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2020.

0.4032

0.3018

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 0.3419, compared to 0.3584 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0165 points.

H1 Avg (Jan–Jun) 0.3419

H2 Avg (Jul–Dec) 0.3584

Volatility Range Comparison

Volatility

The most volatile month in 2020 was March, with a trading range of 0.0384 GHS (High: 0.3545 / Low: 0.3161). On the other end, October was the most stable month, with a tight range of 0.0126 GHS (High: 0.3596 / Low: 0.3470).

March Spread (Volatile) ±0.0384

October Spread (Stable) ±0.0126

Growth Streaks & Declines

Trends

Between August and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 0.0351 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0351

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2020: 0.3924) against the same month in 2019 (average: 0.3544), the exchange rate shifted by +0.0381 (+10.74%).

2020 Avg (January) 0.3924

2019 Avg (January) 0.3544

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.4047	0.3665	0.3924
February	0.3665	0.3445	0.3574
March	0.3545	0.3161	0.3348
April	0.3208	0.2994	0.3102
May	0.3323	0.3054	0.3182
June	0.3500	0.3304	0.3380
July	0.3524	0.3368	0.3446
August	0.3491	0.3258	0.3353
September	0.3578	0.3381	0.3461
October	0.3596	0.3470	0.3537
November	0.3860	0.3580	0.3760
December	0.4043	0.3823	0.3947