Cedi will continue to depreciate against the Dollar in the near term: 3 months historical data
The Ghanaian cedi will continue to depreciate against the dollar in the near term. To analyse the performance of the Ghana Cedi against the US Dollar, we sourced verifiable data from https://afriswap.com from November 1, 2023, to February 22, 2024.
Per the historical exchange rates provided in October 2023, the exchange rate fluctuated around 11.50 to 12.00 GHS to 1 USD, showing relative stability. In the month of November 2023, the Cedi started around 11.85 and ended around 12.10, showing slight depreciation.
The festive season caught up with the cedi in December 2023, and the cedi continued to depreciate, with rates climbing from 12.10 to 12.45.
The local currency started the year 2024 with some volatility in January 2024, with rates ranging from 12.00 to 12.35 Ghs per dollar.
As of February 22, 2024, the Ghanaian cedi has depreciated further, reaching rates around 12.60 to 12.90.
Today’s dollar-to-cedi exchange rates for the dollar and other major currencies
Today, a cedi is selling at GHS12.85 thus nearly 13GHS and the buying rate is GHS12.60. Check the full details below
| Currency | Sell Rate |
  US Dollar¹ (USD) | 12.85 |
 Â British Pound (GBP) | 16.00 |
 Â Euros (EUR) | 13.70 |
 Â Canadian Dollar (CAD) | 10.00 |
 Â Swiss Franc (CHF) | 14.80 |
|  US Dollar¹ (USD) | 12.60 |
| Â British Pound (GBP) | 15.50 |
| Â Euros (EUR) | 13.20 |
| Â Canadian Dollar (CAD) | 9.00 |
READ:Â Dollar, Pounds and Euro to Cedi Exchange Rates Today Feb. 20th, 2024
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Oct 30, 2026Trends and Projections
Based on the above observations, the following Trends and Projections have been made about the Dollar to Cedi Exchange rate for the near future. More importantly, the data shows that it is likely that the Cedi will continue to depreciate against the Dollar in the near term
- Overall Trend: The Ghana Cedi has shown a general trend of depreciation against the US Dollar during this period.
- Volatility: There has been some volatility, especially in January 2024, indicating potential instability in the currency.
- Projection: Based on the historical data, it is likely that the Cedi will continue to depreciate against the Dollar in the near term. However, the exact rate of depreciation will depend on various factors such as economic conditions, inflation, and government policies.
- Risk Factors: Risks such as inflation, political instability, and external economic factors could further impact the exchange rate.
- Recommendations: For businesses or individuals dealing with both currencies, it may be wise to consider hedging strategies to manage exchange rate risk. Additionally, staying updated with economic news and trends can help in making informed decisions regarding currency exchanges.
Historical data on Dollar to Cedi Exchange Rate from November 1, 2023 to February 22, 2024
Data sourced Afriswap.com
| 2023-10-02 | 11.50 | 11.70 |
| 2023-10-03 | 11.55 | 11.75 |
| 2023-10-04 | 11.65 | 11.90 |
| 2023-10-05 | 11.65 | 11.95 |
| 2023-10-06 | 11.65 | 11.95 |
| 2023-10-07 | 11.65 | 11.95 |
| 2023-10-09 | 11.65 | 11.95 |
| 2023-10-10 | 11.70 | 11.95 |
| 2023-10-11 | 11.70 | 11.90 |
| 2023-10-12 | 11.70 | 11.90 |
| 2023-10-13 | 11.75 | 11.95 |
| 2023-10-14 | 11.75 | 11.95 |
| 2023-10-16 | 11.80 | 12.00 |
| 2023-10-17 | 11.85 | 12.05 |
| 2023-10-18 | 11.90 | 12.20 |
| 2023-10-19 | 11.95 | 12.25 |
| 2023-10-20 | 11.95 | 12.25 |
| 2023-10-21 | 11.95 | 12.25 |
| 2023-10-23 | 12.00 | 12.25 |
| 2023-10-24 | 12.00 | 12.25 |
| 2023-10-25 | 11.90 | 12.20 |
| 2023-10-26 | 11.90 | 12.20 |
| 2023-10-27 | 11.90 | 12.20 |
| 2023-10-30 | 11.90 | 12.20 |
| 2023-10-31 | 11.95 | 12.20 |
| 2023-11-01 | 11.85 | 12.10 |
| 2023-11-02 | 11.85 | 12.10 |
| 2023-11-03 | 11.85 | 12.10 |
| 2023-11-04 | 11.85 | 12.10 |
| 2023-11-06 | 11.90 | 12.15 |
| 2023-11-07 | 11.90 | 12.15 |
| 2023-11-08 | 12.00 | 12.25 |
| 2023-11-09 | 12.00 | 12.25 |
| 2023-11-10 | 12.00 | 12.25 |
| 2023-11-11 | 12.00 | 12.25 |
| 2023-11-13 | 12.00 | 12.25 |
| 2023-11-14 | 12.00 | 12.25 |
| 2023-11-15 | 12.00 | 12.25 |
| 2023-11-16 | 12.00 | 12.25 |
| 2023-11-17 | 12.00 | 12.25 |
| 2023-11-18 | 12.00 | 12.20 |
| 2023-11-20 | 12.00 | 12.20 |
| 2023-11-21 | 12.00 | 12.25 |
| 2023-11-22 | 12.00 | 12.25 |
| 2023-11-23 | 12.05 | 12.25 |
| 2023-11-24 | 12.05 | 12.25 |
| 2023-11-25 | 12.05 | 12.25 |
| 2023-11-25 | 12.05 | 12.25 |
| 2023-11-27 | 12.05 | 12.25 |
| 2023-11-28 | 12.10 | 12.35 |
| 2023-11-29 | 12.10 | 12.35 |
| 2023-11-30 | 12.10 | 12.30 |
| 2023-12-01 | 12.10 | 12.30 |
| 2023-12-02 | 12.10 | 12.30 |
| 2023-12-04 | 12.10 | 12.30 |
| 2023-12-05 | 12.00 | 12.25 |
| 2023-12-06 | 12.00 | 12.25 |
| 2023-12-07 | 12.00 | 12.25 |
| 2023-12-08 | 12.00 | 12.25 |
| 2023-12-09 | 12.00 | 12.25 |
| 2023-12-11 | 12.00 | 12.25 |
| 2023-12-12 | 12.00 | 12.25 |
| 2023-12-13 | 12.00 | 12.25 |
| 2023-12-14 | 12.00 | 12.25 |
| 2023-12-15 | 12.05 | 12.25 |
| 2023-12-16 | 12.10 | 12.30 |
| 2023-12-18 | 12.10 | 12.25 |
| 2023-12-19 | 12.10 | 12.30 |
| 2023-12-20 | 12.10 | 12.35 |
| 2023-12-21 | 12.10 | 12.30 |
| 2023-12-22 | 12.00 | 12.20 |
| 2023-12-23 | 12.00 | 12.20 |
| 2023-12-26 | 12.00 | 12.20 |
| 2023-12-27 | 12.00 | 12.20 |
| 2023-12-28 | 12.00 | 12.20 |
| 2023-12-29 | 12.00 | 12.20 |
| 2023-12-30 | 12.00 | 12.20 |
| 2024-01-02 | 12.00 | 12.20 |
| 2024-01-03 | 12.00 | 12.25 |
| 2024-01-04 | 12.00 | 12.25 |
| 2024-01-05 | 12.00 | 12.25 |
| 2024-01-06 | 12.00 | 12.30 |
| 2024-01-08 | 12.00 | 12.30 |
| 2024-01-09 | 12.10 | 12.35 |
| 2024-01-10 | 12.10 | 12.35 |
| 2024-01-11 | 12.10 | 12.35 |
| 2024-01-12 | 12.15 | 12.40 |
| 2024-01-13 | 12.15 | 12.40 |
| 2024-01-15 | 12.15 | 12.40 |
| 2024-01-16 | 12.20 | 12.50 |
| 2024-01-17 | 12.20 | 12.50 |
| 2024-01-18 | 12.30 | 12.60 |
| 2024-01-19 | 12.35 | 12.65 |
| 2024-01-20 | 12.35 | 12.65 |
| 2024-01-22 | 12.20 | 12.60 |
| 2024-01-23 | 12.20 | 12.60 |
| 2024-01-24 | 12.25 | 12.55 |
| 2024-01-25 | 12.25 | 12.55 |
| 2024-01-26 | 12.25 | 12.55 |
| 2024-01-27 | 12.25 | 12.55 |
| 2024-01-29 | 12.25 | 12.55 |
| 2024-01-30 | 12.25 | 12.55 |
| 2024-01-31 | 12.30 | 12.60 |
| 2024-02-01 | 12.30 | 12.60 |
| 2024-02-02 | 12.30 | 12.60 |
| 2024-02-03 | 12.30 | 12.60 |
| 2024-02-05 | 12.30 | 12.60 |
| 2024-02-06 | 12.30 | 12.60 |
| 2024-02-07 | 12.35 | 12.65 |
| 2024-02-08 | 12.35 | 12.65 |
| 2024-02-09 | 12.40 | 12.70 |
| 2024-02-10 | 12.40 | 12.70 |
| 2024-02-12 | 12.40 | 12.70 |
| 2024-02-13 | 12.40 | 12.70 |
| 2024-02-14 | 12.45 | 12.75 |
| 2024-02-15 | 12.45 | 12.75 |
| 2024-02-16 | 12.45 | 12.75 |
| 2024-02-17 | 12.45 | 12.75 |
| 2024-02-19 | 12.45 | 12.75 |
| 2024-02-20 | 12.50 | 12.80 |
| 2024-02-21 | 12.60 | 12.90 |
| 2024-02-22 | 12.60 | 12.85 |
