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History · 30 jours

Ghanaian Cedi (GHS) historical rate to US Dollar (USD)

The GHS/USD pair shows how many US dollars one Ghanaian cedi buys, used by Ghanaian importers, diaspora senders, and investors monitoring cedi depreciation.

Daily observations
18
within the available range
Source
Market
api.forex
Method

How to read GHS/USD history

Each row combines a UTC date, a rate and the change from the previous available observation. A positive change means the base currency buys more of the quote currency than on the previous available date.

Days without a quotation are not interpolated: the series keeps only observations that were actually received.

Use cases

Travel, transfer and analysis

Compare several periods before a trip, an international transfer or a foreign-currency invoice. The average, minimum and maximum provide a quick reference, while the table enables a date-by-date check.

Minimum 0,0855432
Maximum 0,0873971
Average 0,08617168
Total change -2.12%
Daily observations

Dated GHS/USD rates

Couverture du au , en UTC.

Convert GHS/USD
Date UTC Rate Change Nature
0,0855432 -0.48% Market
0,08595858 +0.40% Market
0,08561644 +0% Market
0,08561644 +0% Market
0,08561644 +0% Market
0,08561644 -0.43% Market
0,08598452 +0.09% Market
0,08591065 -0.25% Market
0,08612351 -0.10% Market
0,08620689 +0.16% Market
0,08606989 -0.16% Market
0,08620689 -0.17% Market
0,08635579 -0.32% Market
0,08662978 -0.34% Market
0,08692728 +0.40% Market
0,08658009 -0.17% Market
0,08673027 -0.76% Market
0,0873971 Market
Editorial analysis

Understanding the GHS/USD pair

The GHS/USD exchange rate measures the value of the Ghanaian cedi against the US dollar, quoted as the number of dollars per one cedi. This pair is primarily used by Ghanaian importers who need dollars to pay for foreign goods, by the Ghanaian diaspora sending remittances home, and by international investors with exposure to Ghanaian assets. When the cedi appreciates (the rate rises), each cedi buys more dollars, making imports cheaper for Ghanaians but reducing the dollar value of export earnings and remittances.

The Bank of Ghana and the US Federal Reserve are the two key monetary authorities. The cedi is heavily influenced by Ghana's commodity exports—especially gold and cocoa—and by oil imports. High fiscal deficits and public debt levels often pressure the cedi, while the dollar benefits from the Fed's interest rate decisions and safe-haven demand. Inflation differentials, capital flows into Ghana's bond market, and global risk sentiment also drive the pair. Remittances from the Ghanaian diaspora provide a steady source of dollar supply, but trade deficits and external financing needs typically weigh on the cedi.

Over the past several years, the cedi has experienced persistent depreciation against the dollar, driven by Ghana's macroeconomic challenges including high inflation, large fiscal imbalances, and periodic debt restructuring concerns. The Bank of Ghana has occasionally intervened to slow the decline, but structural vulnerabilities have kept the cedi under pressure. More recently, the completion of Ghana's domestic debt exchange and an IMF program have aimed to restore stability, though the currency remains sensitive to global commodity prices and investor confidence. This qualitative framework helps users understand the long-term trend without relying on specific historical figures.

This analysis is provided for information only and is neither a forecast nor financial advice.

Method

Compare two dates

Each row combines a UTC date, a rate and the change from the previous available observation. A positive change means the base currency buys more of the quote currency than on the previous available date.

Source

Source and limitations

Displayed source: api.forex. Indicative values are used only as a visual fallback.

Currencies

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