The exchange rate between the euro and the cedi is constantly fluctuating, but here are the latest rates from a few different sources:
- WeWire Africa (Fintech): Buying 12.42 euros, selling 12.87 euros, mid-rate 12.64 euros.
- AfriSwap (Forex Bureau): Buying 12.10 euros, selling 12.60 euros, mid-rate 12.35 euros.
- GAFORB (Forex Bureau): Buying 12.00 euros, selling 12.50 euros, mid-rate 12.25 euros.
- Ecobank (Commercial Bank): Buying 11.92 euros, selling 12.35 euros, mid-rate 12.13 euros.
- Bank of Ghana (Central Bank): Buying 11.87 euros, selling 11.88 euros, mid-rate 11.87 euros.
- GCB Bank (Commercial Bank): Buying 11.85 euros, selling 12.50 euros, mid-rate 12.17 euros.
- UBA (Commercial Bank): Buying 11.76 euros, selling 12.41 euros, mid-rate 12.08 euros.
- Absa Bank (Commercial Bank): Buying 11.75 euros, selling 12.42 euros, mid-rate 12.08 euros.
- Zenith Bank (Commercial Bank): Buying 11.73 euros, selling 12.45 euros, mid-rate 12.09 euros.
- GTBank (Commercial Bank): Buying 11.73 euros, selling 12.53 euros, mid-rate 12.13 euros.
- CBG Bank (Commercial Bank): Buying 11.70 euros, selling 12.40 euros, mid-rate 12.05 euros.
- Fidelity Bank (Commercial Bank): Buying 11.70 euros, selling 12.44 euros, mid-rate 12.07 euros.
- Access Bank (Commercial Bank): Buying 11.69 euros, selling 12.47 euros, mid-rate 12.08 euros.
- Stanbic Bank (Commercial Bank): Buying 11.66 euros, selling 12.43 euros, mid-rate 12.05 euros.
- Standard Chartered (Commercial Bank): Buying 11.40 euros, selling 12.39 euros, mid-rate 11.89 euros.
- CalBank (Commercial Bank): Buying 11.39 euros, selling 12.66 euros, mid-rate 12.02 euros.
As you can see, the exchange rates vary depending on the source. This is because the forex market is constantly changing, and the rates are affected by a number of factors, such as supply and demand, economic conditions, and political stability.
If you are planning to exchange euros for cedis, it is important to shop around and compare rates before you make a transaction. You can find the latest exchange rates online or at a local forex bureau.
Is the Ghanaian cedi appreciating against the Euro as of September 15th, 2023
No, the Ghanaian cedi is not appreciating against the euro as of September 15th, 2023. The exchange rate on this day is 12.64 cedis per euro, which is the same as the exchange rate on September 14th, 2023.
The cedi has been depreciating against the euro for several years now. This is due to a number of factors, including the following:
- The Ghanaian economy is not doing well. The country’s GDP growth has been slowing down, and inflation is high.
- There is political instability in Ghana. This has led to capital flight, as investors have been withdrawing their money from the country.
- The euro is strong. The European economy is doing well, and interest rates are rising. This makes the euro more attractive to investors.
It is possible that the cedi could start to appreciate against the euro in the future. However, this is unlikely to happen in the near term. The factors that are causing the cedi to depreciate are still in place, and there is no sign that they will change anytime soon.