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USD/GHS - US Dollar Ghanaian Cedi

Real-time Currencies
Symbol
Exchange
Currency
11.1750
+0.1750(+1.59%)
-Closed.
Currency in GHS
  • Prev. Close:
    11.175
  • Bid/Ask:
    10.8500/11.5000
  • Day's Range:
    11.0000 - 11.1750
  • Type:Currency
  • Group:Exotic
  • Base:US Dollar
  • Second:Ghanaian Cedi

USD/GHS Overview

Prev. Close
11.175
Bid
10.85
Day's Range
11-11.175
Open
11
Ask
11.5
52 wk Range
7.65-14.75
1-Year Change
43.73%
What is your sentiment on USD/GHS?
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Technical Summary

Type
5 Min
15 Min
Hourly
Daily
Monthly
Moving AveragesStrong BuyStrong BuyStrong BuySellBuy
Technical IndicatorsNeutralNeutralBuyStrong SellStrong Buy
SummaryBuyBuyStrong BuyStrong SellStrong Buy

Candlestick Patterns

Pattern
Timeframe
Reliability
Candles Ago
Candle Time
Completed Patterns
Morning Doji Star5H
4May 25, 2023 06:00PM
Morning Star5H
4May 25, 2023 06:00PM
Engulfing Bearish1M
5Dec 22
Doji Star Bullish5H
5May 25, 2023 01:00PM
Downside Gap Three Methods1W
6Apr 09, 2023
Time
Cur.
Imp.
Event
Actual
Forecast
Previous
Monday, May 29, 2023
10:50
USD
Dallas Fed PCE (Apr)
3.40%

Central Banks

Federal Reserve(FED)
Current Rate5.25%
ChairmanJerome H. Powell
Bank of Ghana(BOG)
Current Rate13.50%
ChairmanMr. Kwesi Bekoe Amissah-Arthur

Currency Explorer

  • Ghanaian cedi
    0
    • This new wave up will break the November 2022 high
      1
      • Pls any reason why the dollar is dropping ?
        0
        • the federal reserve is expanding currency supply. Also interest rates are expected to be cut
          0
      • The currency’s appreciation is a result of the reorganization of local debts.The depreciation of the currency was driven by higher crude oil product import bill on the back of rising prices, non-roll over of maturing bonds by non-resident investors, portfolio reversals and sudden exit of non-resident investors in the bond market, as well as loss of market access to Eurobond resources. The effect of these factors has been exacerbated by the strength of the US dollar, resulting in depreciation of the local currency from the beginning of the year-to-date.
        0
        • Cedi had eventful several months, first was the stable growth of the US Dollar then the interest rates did the trick to place it back on track, we can observe clearly a very huge decline since the beginning of December. We all know that when there are rapid price changes there is always correction coming. 10.1298 looks like a reasonable resistance to test around the end of the fiscal year from the three months timeframe perspective.Nevertheless,Bank of Ghana Monetary Policy and the supply of dollars to the OMCs are also helping in terms of the pressure on the exchange rate as well as the ban on the supply of foreign currency for the import of certain commodities.  So it is a combination of factors accounting for the relative stability of the change rate. The program from the IMF and the debt exchange itself are sending positive signals to the market. The currency’s appreciation is a result of the reorganization of local debts.The depreciation of the currency was driven by higher cru
          0
          • The Cedi is faring well vs the Greenback in conjunction & reaction to the holiday season, Fed ,BoG policies amid securing IMF Backing . USD/GHS is likely to be seen between 8:16-10:21
            0
            • I don't think your predictions are correct,
              0
            • Interesting how do you conduct your fundamental analysis .. kindly share.
              0
            • Ernest Debraso what be it ?
              0
          • Importers have stocked goods for the exmas holiday season making the cedi seems a bit okay, technically it is just a mirage over a period of time
            1
            • yes
              0
              • if you want to invest in this pair, DM me will help you out 0.2.4.0.548990
                0
                • How do i ?
                  0
              • GHS fundamentals are not good to battle the dollar, however currently the ghs performance is solely base on the IMF relief. In my opinion that's just temporal.
                2