Federal Reserve Bank Historical Exchange Rates For Ghana Cedi to United States Dollar 120-day exchange rate history for GHS to USD Quick Conversions from Ghana Cedi to United States Dollar : 1 GHS = 0.0849132 USD Last Updated 4/30/2023 7:41:03 PM 2000 Euros to US Dollars. against the Ghanaian Cedi. The first cedi was introduced in 1965, replacing the pound at a rate of 2.4cedi = 1pound, or 1pesewa = 1penny. Existing 1 and 2 cedi banknotes remain legal tender, though these denominations will be gradually replaced by coins to reduce costs. Over 70 million downloads worldwide. analyse and verify our content before relying on them. Apr/27. The Ghanaian New Cedi was introduced on July 3, 2007 and is equal to 10,000 old (Second) Cedis. The introduction of the new denomination coincided with the conclusion of the year-long centenary celebrations of the birth of Kwame Nkrumah, Ghana's first president, and has the commemorative text "Centenary of the Birth of Dr.Kwame Nkrumah".[5]. Get in touch with us now. 300000 United States Dollars (USD) to Ghana Cedis (GHS) today Converter X provides up-to-date exchange rates on global currencies based on Open Exchange Rates. 4.5/5, 2.2k ratings. Inflation continued (see the exchange rate chart) until by July 2007, one US dollar was worth about 9500, and a transition to the third cedi was initiated. Over the last 7 days, the best beneficial exchange rate was $84,819.90. [10] As of September2022[update], the annual inflation rate of 37.2% as reported by the Ghana Statistical Service was the highest since 2001. It was the highest-valued currency unit issued by sovereign countries in Africa in 2007. 3 That's it. The Ghanaian cedi (ISO code: GHS), is the official currency of Ghana. 14,000,000.00 one hundred old pence, so that 1 pesewa was equal to one penny. This chart will allow users to see the GHS/USD oscillation, and look at last year's data. Exchange rate (1 USD GHS) Cheapest. Alternatively, you may try converting Ghanaian Cedis to US Dollars. One Ghanaian New Cedi is divided into one hundred Ghana pesewas. Stocks making the biggest moves after hours: Arista Networks, Chegg, MGM Resorts, Stryker and more, JPMorgan shares pop after the bank takes over embattled First Republic. We give you the real rate, independently provided by Reuters. This website uses cookies to ensure you get the best experience on our website, "https://www.currencyconverterx.com/pic-USD-GHS". How to convert Ghanaian cedis to US dollars. For the basic conversion, we use the midpoint between the buy and sell rates of GHS to USD at currency exchanges across the globe. One Ghana cedi is divided into one hundred pesewas (Gp). 1 Million Won to USD. Compared to yesterday, the cost 1,000,000 of the cedis remains unchanged. However, within months, the second cedi was devalued to a rate of 2.45 = 1stg, less than the initial value of the first cedi. -41.27%. The Monetaria moneta or money cowry is not native to West African waters but is a common species in the Indian Ocean. Simply type in the box how much you want to convert. Convert United States Dollar To Ghanaian Cedi - Forbes The amount is in words: One Million (GHS), One Million Ghanaian cedis 00 pesewas. Exchange rates can fluctuate by the minute while markets are open. 1 Million Naira to Ghana Cedis | 1 Million NGN to GHS - Fx Rates Live Convert 1 US Dollars to Cedis - (USD in GHS) Every time. Wise gives you the real, mid-market, exchange rate, so you can make huge savings on your international money transfers. These six denominations were still in circulation until 2007. Today's Value of 1,000,000 Dollars The "new cedi" (19672007) was worth 1.2 cedis, which made it equal to half of a pound sterling (or ten shillings sterling) at its introduction. 1 USD to GHS - Convert $1 US Dollar to Ghana Cedi - Currency Converter X for even more real-time currency quotes or try to apply technical analysis tools on interactive charts. Converter X provides up-to-date exchange rates on global currencies based on Open Exchange Rates. up +18.00% 2 Choose your currencies. The Bank of Ghana has never stated if they are simply holding back already stamped coins until they are needed or if they are stamping coins successively with old issue years. [7], Due to its negligible purchasing power, the one pesewa coin is rarely seen in circulation. Banks and traditional providers often have extra costs, which they pass to you by marking up the exchange rate. The first cedi was replaced in 1967 by a "new cedi" which was worth 1.2 first cedis. Ghanaians, in theory, could exchange any number of 50 notes for coins or other banknotes without loss, but foreigners could not make any exchange. In 2014, the inflation rose rapidly as the value of the third cedi fell to a fourth of its original value. The table shows the data and analysis of the variations. The word "cedi" derives from the African word for . In 1991, 10, 20, 50, and 100 cedi coins were introduced, followed by 200 and 500 cedis in 1996. [22] Such changes are frequent and are not covered in this list. The USDGHS spot exchange rate specifies how much one currency, the USD, is currently worth in terms of the other, the GHS. 1.00 Ghanaian Cedi = 0.08 6180237 US Dollars 1 USD = 11.6036 GHS We use the mid-market rate for our Converter. The word cedi is the Akan word for cowry shell. 1 Million USD to GHS - US Dollars to Ghanaian Cedis Our currency converter is simple to use and also shows the latest currency rates. Simply enter the amount of USD you want to convert to GHS in the box labeled "Amount", and youre done! Receive daily email about the USD GHS exchange rate. 1 Million GHS to USD - Ghanaian Cedis to US Dollars As of today at 06:00AM UTC one million ghanaian cedis is equal to $91,839.13 (USD) or ninety-one thousand eight hundred thirty-nine us dollars 13 cents. It is the fourth historical and only current legal tender in the Republic of Ghana. However, the time between 3-4 PM GMT is often a good time to convert US Dollars to Ghanaian Cedis because currency market liquidity and trading volume tend to be the highest during this time. The Ghanaian Cedi is the currency of Ghana. Inverse: 1,000,000.00 GHS = 84,819.90 USD. USD to GHS Convert US Dollars to Ghanaian Cedis - Exchange-Rates.org Our currency converter will show you the current rate and how it's changed over the past day, week or month. The cedi bore the portrait of the President and was equivalent to eight shillings and four pence (8s 4d), i.e. 1 Input your amount. The years of issue do not indicate that the series has been printed every year in the period, but that the banknote has been issued more than once in the given period. provides the information in its best way. GHS - Ghanaian Cedi rates, news, and tools | Xe GHS Recipient gets (Total after fees) Transfer fee. Compare our rate and fee with Western Union, ICICI Bank, WorldRemit and more, and see the difference for yourself. Currency Rate Change; EUR / USD: . Our currency converter will show you the current rate and how it's changed over the past day, week or month. GHS | Ghanaian New Cedi | OANDA For the basic conversion, we use the midpoint between the buy and sell rates of GHS to USD at currency exchanges across the globe. High inflation ensued, and so the cedi was re-pegged at 2.80 = $1.00. The symbol for the currency is "GH", used as a prefix. The change also provided an opportunity to remove Kwame Nkrumah's image from coins and notes. More Ghanaian Cedi info. [12] The exchange rate as of 24October2022[update] was about GH15 per U.S. As of today at 01:00AM UTC one million us dollars is equal to 11,789,686.00 (GHS) or eleven million seven hundred eighty-nine thousand six hundred eighty-six ghanaian cedis. Be on the lookout for any changes, ready up-to-date. Due to periods of "sustained high inflation" and "perennial depreciation of the currency", the Bank of Ghana on 29 November 2019, announced the issuance of a new 2-cedi coin and as well as new 100 and 200-cedi banknotes. The current exchange rate is equivalent to 0.0848. Youll now see the value of the converted currency according to the most recent exchange rate. With the currency converter, you can convert 300,000 United States Dollars to Cedis and find out how much three hundred thousand dollars is currently worth in Cedis. In the second half of 2007 both the second and third cedi were legal tender as the old currency was being gradually withdrawn. purchasing power compared to Ghanaian Cedi over the last 10 years. According to the mid-point between the "buy" and "sell" from global currency markets. Convert Ghana Cedi to Ghana Cedi | GHS to GHS Currency Converter Wise US Inc is authorized to operate in most states. The average exchange rate over this period was 10.670 Ghanaian Cedis per US Dollar. Ghanaian cedis to US dollars Exchange Rate. Convert GHS/USD - Wise They add hidden markups to their exchange rates - charging you more without your knowledge. Our currency converter will show you the current rate and how it's changed over the past day, week or month. Our smart tech means were more efficient which means you get a great rate. Online interactive currency converter & calculator ensures provding actual conversion information of world currencies according to Open Exchange Rates and Check send rates US Dollar Ghanaian Cedi conversion Last updated Apr 29, 2023, 07:56 UTC Convert US Dollar to Ghanaian Cedi 2 Choose your currencies. The African name Cedi (19651967) was introduced in place of the old British pound system. In the other states, the program is sponsored by Community Federal Savings Bank, to which we're a service provider. [11], By October 2022, the cedi became the world's worst performing currency, having lost 60% of its value relative to the U.S. dollar since the end of 2021. Simply type in the box how much you want to convert. Any use of our content is solely at your own risk and discretion. Note: Rates obtained from these websites may contradict with, Last edited on 31 December 2022, at 11:32, The shield from the Coat of arms of Ghana, "Metal cedis and pesewas modern coins of Ghana", "Don't Give Out Change In Old notes, Coins", "Ghana Cedi at risk of sliding to 4 per Dollar, HFC says", "Bank of Ghana to phase out GH1 and GH2 notes soon", "GH1 and GH2 coins won't suffer fate of 1 pesewa coin Financial Expert assures", "We're already 'Breaking the 10'; the dollar is over-speeding Dr. Otchere-Ankrah 'shades' NPP", "CORRECTED-Ghana consumer inflation rises to 37.2% in September, statistics service says", "Emerging-Market Debt Is Sliding Into Distress. Online interactive currency converter & calculator ensures provding actual conversion information of world currencies according to Open Exchange Rates and Cowries (plural of cowry) were formerly used as currency in what is now Ghana. Decades of high inflation devalued the new cedi, so that in 2007 the largest of the "new cedi" banknotes, the 20,000 note, had a value of about US$2. In September 2021, the Bank of Ghana began the process of withdrawing GH1 and GH2 notes from circulation to encourage the use of coins of their corresponding face values. British pounds sterling to Ghanaian cedis Convert GBP to GHS at the real exchange rate Amount GBP Converted to GHS 1.00000 GBP = 14.65310 GHS Mid-market exchange rate at 08:11 UTC Track the exchange rate Send money The safe and easy way to exchange your money Alternatively, you may try converting US Dollars to Ghanaian Cedis. Beware of bad exchange rates.Banks and traditional providers often have extra costs, which they pass to you by marking up the exchange rate. US dollars to Ghanaian cedis Exchange Rate. The years of issue does not indicated that the series have been coined every year in the period but that the coin has been issued more than once in the stated period. The USD/GHS rate is up +56.84%. Over the last 7 days, the best beneficial exchange rate was $127,229,851.58. For the basic conversion, we use the midpoint between the buy and sell rates of GHS to USD at currency exchanges across the globe. The first modern coins exclusively used at the Gold Coast were produced in 1796 but cowries were used alongside coins and gold dust as currency until 1901.[1]. It has since lost over 90% of its value. US dollars to Ghanaian cedis Exchange Rate. Convert USD/GHS - Wise The exchange rate of the United States Dollar in relation to the Ghana Cedi on the chart, the table of the dynamics of the cost as a percentage for the day, week, month and year. The cost of 300,000 United States Dollars in Ghana Cedis today is 3,247,283.40 according to the "Open Exchange Rates", compared to yesterday, the exchange rate increased by 0.46% (by +0.05). 1.0000 USD = 11.790 GHS May 2, 2023 01:15 AM UTC. 1 thousand US dollars to Ghanaian cedis - Wise 1 Million USD to GHS - US Dollar to Ghana Cedi Currencies Trading Calendar Online Currency Converter Currency Converter X helps you convert 170+ world currencies and get the latest exchange rates. The exchange rate of the United . Live Currency Rates. [13][14], The Bank of Ghana has been issuing all Ghanaian coins since 1958. How to convert US dollars to Ghanaian cedis. 3 That's it. was 14.627 Ghanaian Cedis per US Dollar on November 28, 2022. For the basic conversion, we use the midpoint between the buy and sell rates of USD to GHS at currency . Today's Value of 14,000,000 Dollars in Ghana Cedi is 164,505,460 (GHS). Last rates updated 2023-04-29. . Click to copy to clipboard. One cedi is divided into one hundred pesewas (Gp). The cedi's value continued to be eaten away on the black market. Check the latest currency exchange rates for the US Dollar, Ghanaian Cedi and all major world currencies. We use cookies to personalize content, ads and to analyze our traffic. The currency code for Ghanaian Cedis is GHS. Convert 1000000 US Dollar to Ghana Cedi using latest Foreign Currency Exchange Rates. Today's Value of 14,000,000 Dollars $1 = 10.82 +0.05 (+0.46%) at the rate on 2023-04-08. 100 Canadian to USD. 10 Million Won to USD. -1.36%. The new coins are 1pesewa (100 old cedi), 5pesewas (500), 10 pesewas (1,000), 20 pesewas (2,000), 50 pesewas (5,000), 1cedi (10,000) and 2 cedis (20,000).[19]. How to convert US dollars to Ghanaian cedis. 1 Input your amount. [15] Beside the coins in general circulation the bank have also issued commemorative coins[16] These special coins have been issued in shillings (1958), crowns (1965), pounds (19581977), sikas (19972003) and cedis (2013-). , Feb 2, 2023. year to date against the Ghanaian Cedi. Also, its best to convert US Dollars to Ghanaian Cedis early in the week if you need Ghanaian Cedis urgently. While the USDGHS spot exchange rate is quoted and exchanged in the same day, the USDGHS forward rate is quoted today but for delivery and payment on a specific . in Ghana Cedi is 164,505,460 (GHS). As a result, the US Dollar has As of today at 01:00AM UTC one million ghanaian cedis is equal to $84,819.90 (USD) or eighty-four thousand eight hundred nineteen us dollars 90 cents. History. 23245.57 GHS Save up to 185.57 GHS. However, from a monetary perspective, currency confiscations have the effect of reducing the available cash in the economy, and thereby slowing the rate of inflation. The United States Dollar to Cedi exchange rate on the chart allows you to track changes over different periods and draw conclusions about possible forecasts of the exchange rate of one currency in relation to another. In 2021, the oil and gas sector was projected to add 10.59 billion Ghanaian cedis (GHS), around 1.83 billion U.S. dollars, to the Gross Domestic Product . Using this website, you can find the current exchange rate for the Ghanaian cedi and a calculator to convert from Ghanaian cedis to Dollars. The new republic's first independent currency was the Ghanaian pound (19581965). The government decided to "cut" four zeros off the currency by switching to the third cedi. Click on the drop-downs to select the currencies you want to convert between. You can get live exchange rates between US Dollars and Ghanaian Cedis using exchange-rates.org, This means the US Dollar has increased in value compared to the Ghanaian Cedi. 3.8/5, 90.8k ratings. Over the last 30 days, we have recorded a fluctuation index is "very high" and a volatility of 21.69%. 1 USD To GHS Convert United States Dollar To Ghanaian Cedi 1 USD = 11.776143 GHS May 01, 2023 09:28 UTC Send Money Check the currency rates against all the world currencies here. 2000 US dollars to Ghanaian cedis - Wise 1 US Dollar = 11.790 Ghanaian Cedis as of May 2, 2023 1:15:00 AM UTC. 1 Million GHS to USD - Ghanaian Cedis to US Dollars In the majority of cases, this data is sufficient to predict future changes. Sponsored Finally, with foreign currency completely drying up for all import transactions, the government was forced to begin a process of gradual devaluation, and a liberalization of its strict price controls. 14 Million USD to GHS - 14000000 Dollars to Ghana Cedi A number of Ghanaian coins have also been issued in Sika denomination, and may have no legal tender status. The Bank of Ghana has been issuing all Ghanaian banknotes since 1958. The currency code for Cedis is GHS, and the currency symbol is GH. You can convert US Dollars to Ghanaian Cedis by using the exchange-rates.org currency converter in just one easy step. Ghanaian Cedi 2023 Data - 2007-2022 Historical - TRADING ECONOMICS Banks often advertise free or low-cost transfers, but add a hidden markup to the exchange rate. 28.7863. Sending 1000.00 USD with. 11537.02 GHS Save up to 419.51 GHS. 1 US dollar to Ghanaian cedis Exchange Rate. This is for informational purposes only. provides the information in its best way. By removing four digits, the Ghana cedi became the highest-denominated currency unit issued in Africa. Further pegs were set of $0.55 in 1971, $0.78 in 1972, and $0.8696 in 1973 before the currency was floated in 1978. The list is sorted at the top, from left to right, in descending order. The exchange rate used for the NGN/GHS currency pair was : .026. 5000 . You won't receive this rate when sending money. Ghana: oil contribution to GDP 2014-2024 | Statista 1.5 Billion GHS to USD - Ghanaian Cedis to US Dollars 300000 USD = 3,536,905.80 GHS at the rate on 2023-05-02. 16.59 USD. 1 Million Dollars to Ghana Cedis - 1 Million USD to GHS - Fx Rates Live You won't receive this rate when sending money. The table shows the data and analysis of the variations. 1 US Dollar = 11.776 Ghanaian Cedis as of May 1, 2023 5:10:00 AM UTC. This confiscation was publicly justified as a means to create a disincentive for the flourishing black market. 10 Million USD to GHS - US Dollar to Ghana Cedi - Currency Converter X Weve been featured in some of the most reputable financial publications in the world, including Business Insider, Investopedia and Coindesk. GHC (Ghanaian Cedi) Definition - Investopedia Ghanaian Cedi. Just Look at Ghana", "Ghana's cedi now the world's worst-performing currency as Kenya's shilling also struggles", "$1 now 15.20; rate of depreciation to pound, euro slow down MyJoyOnline.com", "Bank of Ghana A brief historical background", "United States dollar (USD) and Ghana cedi (GHS) Exchange Rate History", https://en.wikipedia.org/w/index.php?title=Ghanaian_cedi&oldid=1130677243, GH1, GH2, GH5, GH10, GH20, GH50, GH100, GH200, W. O. II Larbi, Fred Otoo, E. Kwasi Nukpor, Miner, army officer, student, demonstrators, Original source of the above pre-2007 Ghanaian banknotes: https://www.banknotes.com/gh.htm, This page was last edited on 31 December 2022, at 11:32. Check send rates Ghanaian Cedi to US Dollar conversion Last updated Apr 30, 2023, 10:48 UTC Convert Ghanaian Cedi to US Dollar 10 Million USD to GHS - US Dollar to Ghana Cedi Currencies Trading Calendar Online Currency Converter Currency Converter X helps you convert 170+ world currencies and get the latest exchange rates. Today's Value of 1,000,000 Dollars in Ghana Cedi is 10,750,057 (GHS). Compare our rate and fee with Western Union, ICICI Bank, WorldRemit and more, and see the difference for yourself. After the February 1966 military coup, the new leaders wanted to remove the face of Nkrumah from the banknotes. Click on the drop-downs to select the currencies you want to convert between. However, the 10 cedis (~0.1 U.S. cents) and 20 cedis (~0.2 U.S. cents) coins were not seen much due to their small value. [2], Because of the rampant inflation in the decades before the exchange the second cedi was only worth a small fraction of its original value. Online interactive currency converter & calculator ensures provding actual conversion information of world currencies according to "Open Exchange Rates" and provides the information in its best way. US dollars to Ghanaian cedis Exchange Rate. Convert USD/GHS - Wise You should conduct your own research, review, gained The exchange rate used for the USD/GHS currency pair was : 11.75. Stocks making the biggest moves after hours: Arista Networks, Chegg, MGM Resorts, Stryker and more, JPMorgan shares pop after the bank takes over embattled First Republic. This chart will allow users to see the GHS/USD oscillation, and look at last year's data. For one million cedis (GHS) you get today 84,819 dollars 90 cents (USD) at an exchange rate of 0.08482 as of 01:00 AM UTC. 1.5 Billion GHS to USD - Ghanaian Cedis to US Dollars. Ghana's first President Dr. Kwame Nkrumah introduced Cedi notes and Pesewa coins in July 1965 to replace the Ghanaian pounds, shillings and pence. Check out the market overview [8][9], In August 2022, accelerating inflation and continued economic mismanagement has caused the cedi's value to drop to 10 U.S. cents (GH10 = US$1). Ghanaian cedi - Wikipedia GHS Ghanaian cedi USD US Dollar Convert 1000000 GHS to USD For one million cedis (GHS) you get today 85,106 dollars 38 cents (USD) at an exchange rate of 0.08511 as of 23:00 PM UTC. The currency symbol is GH. A year ago today, on this day, they provided the equivalent of 1,000,000.00 ghanaian cedis for $133,029.76 us dollars, which is $48,209.86 more than it is now. Sponsored In the last 10 years, the US Dollar is The cedi (/sidi/ SEE-dee) (currency sign: GH; currency code: GHS) is the unit of currency of Ghana. The table shows the data and analysis of the variations. After the 50 note confiscation, fears existed that the government could also confiscate the 20 or even the 10 notes. The USD and GHS can be traded 24x5 starting from the time markets open on Monday mornings in Sydney all the way to the time markets close on Fridays at 5 pm in New York. And with our daily summaries, youll never miss out on the latest news. Convert USD/GHS - Wise US dollars to Ghanaian cedis Convert USD to GHS at the real exchange rate USD Converted to GHS 1.00000 USD = 11.66000 GHS Mid-market exchange rate at 11:47 UTC Track the exchange rate Send money The safe and easy way to exchange your money A number of Ghanaian New Cedi coins have also been issued in Sika denominations. Set an alert now, and well tell you when it gets better. Recipient gets (Total after fees) Transfer fee. . Also, you can make a reverse calculation and find out the current value of 300000 Cedis in United States Dollars. In the majority of cases, this data is sufficient to predict future changes. [citation needed]. Simply type in the box how much you want to convert. Conversely, 1 GHS is worth 0.08482 USD. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. 1 USD to GHS - US Dollars to Ghanaian Cedis Exchange Rate - Xe The new cedi was gradually phased out in 2007 in favor of the "Ghana cedi" at an exchange rate of 1:10,000. Over the last 7 days, the best beneficial exchange rate was 11,942,394.00. Simply type in the box how much you want to convert. Only coins that have been or are in general circulation are included in this list. CFA Franc to Ghanaian Cedi Exchange Rate Chart | Xe As of today at 00:00AM UTC one billion five hundred million ghanaian cedis is equal to $132,754,864.34 (USD) or one hundred thirty-two million seven hundred fifty-four thousand eight hundred sixty-four us dollars 34 cents. The cedi bore the portrait of the President and was equivalent to eight shillings and four pence (8s 4d), i.e. We partner with the most popular currency and cryptocurrency data providers worldwide to bring you the most recent quotes for all major cryptocurrencies. 1 USD in GHS: 10 days history. Reverse : 14000000 GHS to USD, This website uses cookies to ensure you get the best experience on our website. 1 USD . You can get live exchange rates between US Dollars and Ghanaian Cedis using exchange-rates.org, which aggregates real-time forex data from the most authoritative sources. This fear, along with inflation running at about 100% annually, started causing Ghanaians to lose their faith in their country's own currency. = 164,505,460.00 Every time. 14 Million USD to GHS. The. However, many Ghanaians who were hoarding large amounts of cedis feared reprisal if they tried to convert all of it, and so simply burned a lot of their money. Current conversion is actual and use latest exchange rate of United States Dollar and Ghanaian Cedi currencies. After independence, Ghana separated itself from the British West African pound, which was the currency of the British colonies in the region. Online interactive currency converter & calculator ensures provding actual conversion information of world currencies according to "Open Exchange Rates" and provides the information in its best way.
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