$1 = 10.82 +0.05 (+0.46%) at the rate on 2023-04-08. You won't receive this rate when sending money. In the majority of cases, this data is sufficient to predict future changes. , Feb 2, 2023. 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. provides the information in its best way. Simply type in the box how much you want to convert. 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. And with our daily summaries, youll never miss out on the latest news. The African name Cedi (19651967) was introduced in place of the old British pound system. Click on the drop-downs to select the currencies you want to convert between. Also, you can make a reverse calculation and find out the current value of 300000 Cedis in United States Dollars. 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. Sponsored It was the highest-valued currency unit issued by sovereign countries in Africa in 2007. Coins and bank accounts were unaffected. For the basic conversion, we use the midpoint . 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 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 exchange rate used for the NGN/GHS currency pair was : .026. 1 USD to GHS - US Dollars to Ghanaian Cedis Exchange Rate - Xe 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. The amount is in words: One Million (GHS), One Million Ghanaian cedis 00 pesewas. Click on the drop-downs to select the currencies you want to convert between. one hundred old pence, so that 1 pesewa was equal to one penny. A number of Ghanaian coins have also been issued in Sika denomination, and may have no legal tender status. Banks and traditional providers often have extra costs, which they pass to you by marking up the exchange rate. . Exchange-Rates.org 2023 MBH Media, Inc. 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. 1 Million Naira to Ghana Cedis | 1 Million NGN to GHS - Fx Rates Live USD to GHS Convert US Dollars to Ghanaian Cedis - Exchange-Rates.org This is for informational purposes only. 2000 US dollars to Ghanaian cedis - Wise In the majority of cases, this data is sufficient to predict future changes. This chart will allow users to see the GHS/USD oscillation, and look at last year's data. [13][14], The Bank of Ghana has been issuing all Ghanaian coins since 1958. in Ghana Cedi is 11,750,390 (GHS). Our currency converter will show you the current rate and how it's changed over the past day, week or month. The USD/GHS rate is up +56.84%. 300000 USD = 3,536,905.80 GHS at the rate on 2023-05-02. 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. Dollar (USD) to Ghanaian cedi (GHS) Currency Converter Click on the drop-downs to select the currencies you want to convert between. 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. 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 The government decided to "cut" four zeros off the currency by switching to the third cedi. Below, you'll find Ghanaian Cedi rates and a currency converter. analyse and verify our content before relying on them. 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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 word "cedi" derives from the African word for . Don't forget to look at and compare exchange rates from other banks available from 2 sources. 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]. For the basic conversion, we use the midpoint between the buy and sell rates of GHS to USD at currency exchanges across the globe. GHS - Ghanaian Cedi rates, news, and tools | Xe 1 thousand US dollars to Ghanaian cedis - Wise 11.7000 Mid-market rate. Popular US Dollar (USD) Pairings. The new republic's first independent currency was the Ghanaian pound (19581965). Convert 1 US Dollars to Cedis - (USD in GHS) 1.5 Billion GHS to USD - Ghanaian Cedis to US Dollars British pounds sterling to Ghanaian cedis - Wise A number of Ghanaian New Cedi coins have also been issued in Sika denominations. [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. The symbol for the currency is "GH", used as a prefix. In the second half of 2007 both the second and third cedi were legal tender as the old currency was being gradually withdrawn. = 164,505,460.00 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. 1 Input your amount. Ghana's first President Dr. Kwame Nkrumah introduced Cedi notes and Pesewa coins in July 1965 to replace the Ghanaian pounds, shillings and pence. The third Cedi has been losing value continuously since it was introduced. -41.27%. GHS | Ghanaian New Cedi | OANDA 1 Million USD to GHS - US Dollar to Ghana Cedi - Currency Converter X 100 US Dollars = 1,178.97 Ghanaian Cedis as of May 2, 2023 1:15:00 AM UTC. 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. Beware of bad exchange rates.Banks and traditional providers often have extra costs, which they pass to you by marking up the exchange rate. 1 Million Won to USD. one hundred old pence, so that 1 pesewa was equal to one penny. 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. The cedi bore the portrait of the President and was equivalent to eight shillings and four pence (8s 4d), i.e. The USDGHS spot exchange rate specifies how much one currency, the USD, is currently worth in terms of the other, the GHS. The currency converter shows the conversion of 1 US Dollars to Cedis as of today price. 11537.02 GHS Save up to 419.51 GHS. Our smart tech means were more efficient which means you get a great rate. 300,000 USD = 3,247,283.40 GHS at the rate on 2023-04-08. The cost of 300000 United States Dollars in Ghana Cedis today is 3,536,905.80 according to the Open Exchange Rates, compared to yesterday, the exchange rate remained unchanged. Any use of our content is solely at your own risk and discretion. Exchange rate (1 USD GHS) Cheapest. 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, which aggregates real-time forex data from the most authoritative sources. Every time. The fast and reliable converter shows how much you would get when exchanging one US Dollar to Ghana Cedi. = 11,750,390.00 Currency Information. 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. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. The first cedi was pegged to sterling at a rate of 2.4cedis = 1pound or 8s 4d per cedi. We give you the real rate, independently provided by Reuters. Receive daily email about the USD GHS exchange rate. The cedi's value continued to be eaten away on the black market. Explore the account used by 13 million people to live, work, travel and transfer money worldwide. Today's Value of 14,000,000 Dollars in Ghana Cedi is 164,505,460 (GHS). 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. You should conduct your own research, review, After the 50 note confiscation, fears existed that the government could also confiscate the 20 or even the 10 notes. One Ghana cedi is divided into one hundred pesewas (Gp). Apr/27. 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). Using this website, you can find the current exchange rate for the Ghanaian cedi and a calculator to convert from Ghanaian cedis to Dollars. You can get live exchange rates between US Dollars and Ghanaian Cedis using exchange-rates.org, 1 USD . up +18.00% Our smart tech means were more efficient which means you get a great rate. For the basic conversion, we use the midpoint between the buy and sell rates of GHS to USD at currency exchanges across the globe. Currency Rate Change; EUR / USD: . Conversely, 1 GHS is worth 0.08482 USD. It is the fourth historical and only current legal tender in the Republic of Ghana. 3 That's it. Click to copy to clipboard. 1 Million GHS to USD - Ghanaian Cedis to US Dollars The average exchange rate over this period was 10.670 Ghanaian Cedis per US Dollar. The US Dollar is 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. Convert USD/GHS - Wise 1 US dollar 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 03:27 UTC Track the exchange rate Send money The safe and easy way to exchange your money Reverse : 1000000 GHS to USD, This website uses cookies to ensure you get the best experience on our website. Also, its best to convert US Dollars to Ghanaian Cedis early in the week if you need Ghanaian Cedis urgently. 4.5/5, 2.2k ratings. In 2014, the inflation rose rapidly as the value of the third cedi fell to a fourth of its original value. Wise gives you the real, mid-market, exchange rate, so you can make huge savings on your international money transfers. New banknotes were issued which were exchanged for old ones at a rate of 10 old notes for 7 new ones. How to convert Ghanaian cedis to US dollars. 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 . [12] The exchange rate as of 24October2022[update] was about GH15 per U.S. Inverse: 1,500,000,000.00 USD = 17,684,529,000.00 GHS, Best 1,500,000,000 GHS to USD Exchange Rate. 28.7863. Convert United States Dollar To Ghanaian Cedi - Forbes [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]. Compared to yesterday, the cost 1,000,000 of the cedis remains unchanged. Wise US Inc is authorized to operate in most states. Check the latest currency exchange rates for the US Dollar, Ghanaian Cedi and all major world currencies. year to date against the Ghanaian Cedi. Convert 1000000 US Dollar to Ghana Cedi using latest Foreign Currency Exchange Rates. In 1991, 10, 20, 50, and 100 cedi coins were introduced, followed by 200 and 500 cedis in 1996. Check send rates US Dollar Ghanaian Cedi conversion Last updated Apr 29, 2023, 07:56 UTC Convert US Dollar to Ghanaian Cedi 14 Million USD to GHS. This chart shows data from 2022-5-2 to 2023-5-1. [10] As of September2022[update], the annual inflation rate of 37.2% as reported by the Ghana Statistical Service was the highest since 2001. The table shows the data and analysis of the variations. Sending 2000.00 USD with. 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). Converter X provides up-to-date exchange rates on global currencies based on Open Exchange Rates. 3 That's it. Current conversion is actual and use latest exchange rate of United States Dollar and Ghanaian Cedi currencies. As a result, the US Dollar has A year ago today, on this day, they provided the equivalent of 1,500,000,000.00 ghanaian cedis for $199,544,639.13 us dollars, which is $72,314,787.55 more than it is now. Ghana's first President Dr. Kwame Nkrumah introduced Cedi notes and Pesewa coins in July 1965 to replace the Ghanaian pounds, shillings and pence. By removing four digits, the Ghana cedi became the highest-denominated currency unit issued in Africa. More Ghanaian Cedi info. How to convert US dollars to Ghanaian cedis. [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-). Check out the market overview To view rates between the US Dollar and the Ghanaian Cedi for a particular year, click on one of the links below. Every time. 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. [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 If you execute a trade late in the week, it might not settle until the following week given that forex markets are closed on weekends. purchasing power compared to Ghanaian Cedi over the last 10 years. 1 GH = 100 pesewa Symbol GH The cedi is the unit of currency of Ghana. DISCLAIMER: All content provided herein our website is for your general information only, procured from third party sources. 23245.57 GHS Save up to 185.57 GHS. This means that in the general circulation there are worn out coins and coins in mint condition from the same issuing year. However, within months, the second cedi was devalued to a rate of 2.45 = 1stg, less than the initial value of the first cedi. Ghana: oil contribution to GDP 2014-2024 | Statista Over the last 7 days, the best beneficial exchange rate was $127,229,851.58. The US Dollar is currently stronger than the Ghanaian Cedi given that 1 USD is equal to 11.790 GHS. 1.00 US Dollar = 11.78 2487 Ghanaian Cedis 1 GHS = 0.0848717 USD We use the mid-market rate for our Converter. After independence, Ghana separated itself from the British West African pound, which was the currency of the British colonies in the region. In 1965, Ghana decided to leave the British colonial monetary system and adopt the widely accepted decimal system. US dollars to Ghanaian cedis Exchange Rate. Convert USD/GHS - Wise dollar. 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. 300000 United States Dollars (USD) to Ghana Cedis (GHS) today 13.93 USD. Type the amount, select the original currency and the currency to which you want the amount to be converted. According to the mid-point between the "buy" and "sell" from global currency markets. 1 USD to GHS - Convert $1 US Dollar to Ghana Cedi - Currency Converter X . 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. As of today at 01:00AM UTC one billion five hundred million ghanaian cedis is equal to $127,229,851.58 (USD) or one hundred twenty-seven million two hundred twenty-nine thousand eight hundred fifty-one us dollars 58 cents. GHS Banks and other transfer services have a dirty little secret. which aggregates real-time forex data from the most authoritative sources. . Recipient gets (Total after fees) Transfer fee. Our currency converter will show you the current rate and how it's changed over the past day, week or month. Select the period for plotting the chart.
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