2021 ZAR to GHS Historical Review

YEARLY HIGH

0.4316 GHS

YEARLY LOW

0.3689 GHS

YEARLY AVERAGE

0.4009 GHS

2021 ZAR to GHS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the ZAR to GHS exchange rate experienced significant fluctuation. The market reached its absolute peak on June 6, valuing the pair at 0.4316. Conversely, the yearly low was recorded on March 8, dropping to 0.3689.

This high-to-low spread represents a total annual volatility of 0.0627 GHS. From a start-to-finish perspective, comparing the January average rate of 0.3873 to the December average rate of 0.3869, the exchange rate registered a net change of -0.10% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2021 high of 0.4316 was up 6.63% compared to the 2020 peak of 0.4047, 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 21,578 GHS

2020 Average 17,508 GHS

Yearly Trough Low 18,444 GHS

Transaction Impact: A difference of 3,133.61 GHS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

0.4210

0.3799

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 0.3987, compared to 0.4031 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0045 points.

H1 Avg (Jan–Jun) 0.3987

H2 Avg (Jul–Dec) 0.4031

Volatility Range Comparison

Volatility

The most volatile month in 2021 was November, with a trading range of 0.0320 GHS (High: 0.4099 / Low: 0.3779). On the other end, April was the most stable month, with a tight range of 0.0149 GHS (High: 0.4081 / Low: 0.3932).

November Spread (Volatile) ±0.0320

April Spread (Stable) ±0.0149

Growth Streaks & Declines

Trends

Between March and June, 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 October and November, when the average rate fell by 0.0143 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0143

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (June 2021: 0.4175) against the same month in 2020 (average: 0.3380), the exchange rate shifted by +0.0796 (+23.54%).

2021 Avg (June) 0.4175

2020 Avg (June) 0.3380

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.4025	0.3776	0.3873
February	0.4013	0.3803	0.3924
March	0.3916	0.3689	0.3833
April	0.4081	0.3932	0.4006
May	0.4220	0.3991	0.4108
June	0.4316	0.4034	0.4175
July	0.4175	0.4012	0.4091
August	0.4191	0.3929	0.4070
September	0.4271	0.3977	0.4140
October	0.4214	0.3994	0.4081
November	0.4099	0.3779	0.3938
December	0.3964	0.3791	0.3869