4.5/5, 2.2k ratings. Cowries (plural of cowry) were formerly used as currency in what is now Ghana. The exchange rate used for the USD/GHS currency pair was : 11.75. Check send rates Ghanaian Cedi to US Dollar conversion Last updated Apr 30, 2023, 10:48 UTC Convert Ghanaian Cedi to US Dollar 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. Over the last 30 days, we have recorded a fluctuation index is "very high" and a volatility of 21.69%. 14 Million USD to GHS. In the early 1980s, the government started cracking down hard on the retail of products at prices other than the official established sale price (also known as price controls). The currency converter shows the conversion of 1 US Dollars to Cedis as of today price. The table shows the data and analysis of the variations. The exchange rate used for the USD/GHS currency pair was : 11.75. 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. 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. 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. You should conduct your own research, review, [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. 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. The first cedi was pegged to sterling at a rate of 2.4cedis = 1pound or 8s 4d per cedi. 1 US Dollar = 11.790 Ghanaian Cedis as of May 2, 2023 1:15:00 AM UTC. -41.27%. 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. At the end of December 2007, more than 90% of all old coins and notes had been withdrawn. 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 1.0000 USD = 11.790 GHS May 2, 2023 01:15 AM UTC. Our currency converter will show you the current rate and how it's changed over the past day, week or month. Don't forget to look at and compare exchange rates from other banks available from 2 sources. which aggregates real-time forex data from the most authoritative sources. . The current exchange rate is equivalent to 0.0848. The cedi bore the portrait of the President and was equivalent to eight shillings and four pence (8s 4d), i.e. This rate was equivalent to 1 = 0.98U.S. dollars and the rate to the dollar was maintained when sterling was devalued in November 1967. Type the amount, select the original currency and the currency to which you want the amount to be converted. Wise gives you the real, mid-market, exchange rate, so you can make huge savings on your international money transfers. Ghanaians, in theory, could exchange any number of 50 notes for coins or other banknotes without loss, but foreigners could not make any exchange. 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. 11.7000 Mid-market rate. gained You won't receive this rate when sending money. Here's what the experts have to say, Bitcoin pulls back to start May as First Republic Bank saga comes to an end, Mastering this skill is the hardest part of personal finance, advisors say, Stocks making the biggest moves midday: JPMorgan Chase, General Motors, Exxon Mobil & more, Jamie Dimon says 'this part of the crisis is over' after JPMorgan Chase buys First Republic, Stocks making the biggest moves premarket: First Republic, JPMorgan Chase, SoFi Technologies & more, JPMorgan Chase takes over First Republic after biggest U.S. bank failure since 2008, Charlie Munger says the U.S. commercial property market is in trouble: FT report, Big banks including JPMorgan Chase, Bank of America asked for final bids on First Republic. [3] From January 2008 old banknotes could only be exchanged at banks and were no longer legal tender. was 14.627 Ghanaian Cedis per US Dollar on November 28, 2022. You can get live exchange rates between US Dollars and Ghanaian Cedis using exchange-rates.org, This is for informational purposes only. 1.5 Billion GHS to USD - Ghanaian Cedis to US Dollars. 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 . This process ended in 1990 with a free float of the cedi against foreign currencies. Exchange rate (1 USD GHS) Cheapest. Explore the account used by 13 million people to live, work, travel and transfer money worldwide. History. 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. Below, you'll find Ghanaian Cedi rates and a currency converter. Currency Information. 100 US Dollars = 1,178.97 Ghanaian Cedis as of May 2, 2023 1:15:00 AM UTC. This had the effect of driving nearly all commerce underground, where black market prices for commodities were the norm, and nothing existed on store shelves. 1 Million USD to GHS - US Dollars to Ghanaian Cedis. 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. 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. A number of Ghanaian New Cedi coins have also been issued in Sika denominations. Inverse: 1,500,000,000.00 USD = 17,684,529,000.00 GHS, Best 1,500,000,000 GHS to USD Exchange Rate. Youll now see the value of the converted currency according to the most recent exchange rate. [20][21] Most of the Ghanaian banknotes have been changed slightly from one year's issue to the next year's issue in the ongoing technological fight against counterfeit money. You should conduct your own research, review, We use cookies to personalize content, ads and to analyze our traffic. 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. 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. one hundred old pence, so that 1 pesewa was equal to one penny. Today's Value of 14,000,000 Dollars According to the mid-point between the "buy" and "sell" from global currency markets. 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]. [13][14], The Bank of Ghana has been issuing all Ghanaian coins since 1958. Check send rates US Dollar Ghanaian Cedi conversion Last updated Apr 29, 2023, 07:56 UTC Convert US Dollar to Ghanaian Cedi Alternatively, you may try converting Ghanaian Cedis to US Dollars. Beware of bad exchange rates.Banks and traditional providers often have extra costs, which they pass to you by marking up the exchange rate. Click on the drop-downs to select the currencies you want to convert between. Our currency converter will show you the current rate and how its changed over the past day, week or month. New banknotes were issued which were exchanged for old ones at a rate of 10 old notes for 7 new ones. The US Dollar is 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. The exchange rate of the United . Sending 2000.00 USD with. Every time. Any use of our content is solely at your own risk and discretion. Coins and bank accounts were unaffected. Over 70 million downloads worldwide. This chart shows data from 2022-5-2 to 2023-5-1. = 11,750,390.00 Our currency converter is simple to use and also shows the latest currency rates. The change also provided an opportunity to remove Kwame Nkrumah's image from coins and notes. 3 That's it. 1 US dollar to Ghanaian cedis Exchange Rate. [7], Due to its negligible purchasing power, the one pesewa coin is rarely seen in circulation. Today's Value of 1,000,000 Nigerian Naira in Ghana Cedi is 25,514.91 (GHS). The table shows the data and analysis of the variations. The exchange rate used for the USD/GHS currency pair was : 10.75. DISCLAIMER: All content provided herein our website is for your general information only, procured from third party sources. Our smart tech means were more efficient which means you get a great rate. 3 That's it. To view rates between the US Dollar and the Ghanaian Cedi for a particular year, click on one of the links below. 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. 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. 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. purchasing power compared to Ghanaian Cedi over the last 10 years. GHC: The currency abbreviation for the Ghanaian cedi - the official currency of the Republic of Ghana. Conversely, 1 GHS is worth 0.08482 USD. The cryptocurrency values displayed on our site are aggregated from millions of data points and pass through proprietary algorithms in order to deliver timely and accurate prices to our users. 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. 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. Alternatively, you may try converting US Dollars to Ghanaian Cedis. [17] It is unclear if the Bank of Ghana considered commemorative crowns and sikas together with the commemorative pounds that were coined after 1965 as legal tender or simply as medallions.[18]. The current exchange rate is equivalent to 0.0848. Currency Rate Change; EUR / USD: . 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 up +401.16% The symbol for the currency is "GH", used as a prefix. = 164,505,460.00 GHS Simply enter the amount of USD you want to convert to GHS in the box labeled "Amount", and youre done!
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