Dollar to Cedi Exchange Rates for January 12, 2023

As of January 12, 2023, $1 US dollar was selling for 12.86 Ghanaian cedis, according to Visa. However, the exchange rate can vary depending on the platform you use to exchange your currency.

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Dollar to Cedi Exchange Rates for January 12, 2023

Here is a breakdown of the dollar-to-cedi exchange rates from some popular platforms provided by Cedirates

Platform	Type	Buying Rate	Selling Rate	Mid-Rate
Binance P2P	Crypto Exchange	12.42	12.43	12.42
CediConvert	Crypto Exchange	12.28	12.48	12.38
GAFORB	Forex Bureau	12.10	12.35	12.22
AfriSwap	Forex Bureau	12.10	12.35	12.22
WeWire Africa	Fintech	12.03	12.32	12.17
Bank Of Ghana	Central Bank	11.88	11.89	11.89
Wise	Money Transfer	11.88	–	–
CBG Bank	Commercial Bank	11.85	12.25	12.05
Western Union	Money Transfer	11.84	–	–
GCB Bank	Commercial Bank	11.80	12.10	11.95
Revolut	Money Transfer	11.78	–	–
Zenith Bank	Commercial Bank	11.78	12.14	11.96
GTBank	Commercial Bank	11.78	12.12	11.95
Ecobank	Commercial Bank	11.70	12.00	11.85
Stanbic Bank	Commercial Bank	11.65	12.15	11.90
Fidelity Bank	Commercial Bank	11.65	12.12	11.88
Access Bank	Commercial Bank	11.65	12.00	11.82
Absa Bank	Commercial Bank	11.62	12.15	11.88
CalBank	Commercial Bank	11.60	12.15	11.87
UBA	Commercial Bank	11.55	12.09	11.82
Standard Chartered	Commercial Bank	11.45	12.06	11.75
Remitly	Money Transfer	11.41	–	–
Sendwave	Money Transfer	11.41	–	–
WorldRemit	Money Transfer	11.38	–	–
Visa	Payment Processor	–	12.86	–

What do these numbers mean?

The buying rate is the rate at which a platform will buy dollars from you. The selling rate is the rate at which a platform will sell you dollars. The mid-rate is the average of the buying and selling rates.

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For example, if you want to exchange $100 US dollars at Binance P2P, you would receive 12.42 * 100 = 1242 Ghanaian cedis. However, if you wanted to exchange 1000 Ghanaian cedis for US dollars at Visa, you would receive 1000 / 12.86 = 77.75 US dollars.