GHS 1 US Dollar = 11.790 Ghanaian Cedis as of May 2, 2023 1:15:00 AM UTC. 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 porcelain-like shells came to West Africa, beginning in the 14th century, through trade with Arab merchants. Our currency converter will show you the current rate and how it's changed over the past day, week or month. Today's Value of 1,000,000 Dollars The new cedi was gradually phased out in 2007 in favor of the "Ghana cedi" at an exchange rate of 1:10,000. More Ghanaian Cedi info. The African name Cedi (19651967) was introduced in place of the old British pound system. The. which aggregates real-time forex data from the most authoritative sources. 300000 USD = 3,536,905.80 GHS at the rate on 2023-05-02. dollar. Some coins are held back and released years after they are issued. 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 . Below, you'll find Ghanaian Cedi rates and a currency converter. Recipient gets (Total after fees) Transfer fee. [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-). The new currency was not introduced as the third cedi but is instead officially called the "Ghanaian cedi" (GH), in contrast to the second cedi that was officially known as the "new cedi". 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. Our currency converter will show you the current rate and how it's changed over the past day, week or month. 100 Canadian to 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 Sending 2000.00 USD with. Banks often advertise free or low-cost transfers, but add a hidden markup to the exchange rate. [6] The devaluation was temporarily halted in the last quarter of 2014 as the currency stabilized due to a pending IMF bailout of Ghana. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. This means that in the general circulation there are worn out coins and coins in mint condition from the same issuing year. The list is sorted at the top, from left to right, in descending order. We partner with the most popular currency and cryptocurrency data providers worldwide to bring you the most recent quotes for all major cryptocurrencies. You should conduct your own research, review, The change also provided an opportunity to remove Kwame Nkrumah's image from coins and notes. Our smart tech means were more efficient which means you get a great rate. This is for informational purposes only. You won't receive this rate when sending money. The fast and reliable converter shows how much you would get when exchanging one US Dollar to Ghana Cedi. The current exchange rate is equivalent to 0.0848. New banknotes were issued which were exchanged for old ones at a rate of 10 old notes for 7 new ones. A year ago today, on this day, they provided the equivalent of $1,000,000.00 us dollars for 7,517,115.00 ghanaian cedis, which is 4,272,571.00 less than it is now. 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. Alternatively, you may try converting Ghanaian Cedis to US Dollars. This chart will allow users to see the USD/GHS oscillation, and look at last year's data. Over the last 7 days, the best beneficial exchange rate was $84,819.90. 1 USD in GHS: 10 days history. 14 Million USD to GHS. The third Cedi has been losing value continuously since it was introduced. The average exchange rate over this period was 10.670 Ghanaian Cedis per US Dollar. -0.3982. 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. 1.0000 USD = 11.790 GHS May 2, 2023 01:15 AM UTC. Sponsored 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. Using this website, you can find the current exchange rate for the Ghanaian cedi and a calculator to convert from Ghanaian cedis to Dollars. How to convert US dollars to Ghanaian cedis. Simply type in the box how much you want to convert. was 14.627 Ghanaian Cedis per US Dollar on November 28, 2022. In the majority of cases, this data is sufficient to predict future changes. Type the amount, select the original currency and the currency to which you want the amount to be converted. 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. The exchange rate used for the USD/GHS currency pair was : 11.75. A second confiscation took place in 1982, when the 50 note (the highest denomination) was demonetized. After the February 1966 military coup, the new leaders wanted to remove the face of Nkrumah from the banknotes. The table shows the data and analysis of the variations. Exchange rate (1 USD GHS) Cheapest. 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 The government decided to "cut" four zeros off the currency by switching to the third cedi. The Monetaria moneta or money cowry is not native to West African waters but is a common species in the Indian Ocean. This chart will allow users to see the GHS/USD oscillation, and look at last year's data. Click on the drop-downs to select the currencies you want to convert between. In the last 10 years, the highest rate from US Dollars to Ghanaian Cedis was on November 28, 2022 when each US Dollar was worth GH14.627. Our smart tech means were more efficient which means you get a great rate. 11537.02 GHS Save up to 419.51 GHS. Convert 1 US Dollar to Ghana Cedi using latest Foreign Currency Exchange Rates. 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. 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. Check the latest currency exchange rates for the US Dollar, Ghanaian Cedi and all major world currencies. Current conversion is actual and use latest exchange rate of United States Dollar and Ghanaian Cedi currencies. Over 70 million downloads worldwide. 2000 Euros to US Dollars. purchasing power compared to Ghanaian Cedi over the last 10 years. Check send rates Ghanaian Cedi to US Dollar conversion Last updated Apr 30, 2023, 10:48 UTC Convert Ghanaian Cedi to US Dollar For the basic conversion, we use the midpoint between the buy and sell rates of GHS to USD at currency exchanges across the globe. Convert 1000000 US Dollar to Ghana Cedi using latest Foreign Currency Exchange Rates. It has since lost over 90% of its value. 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. 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. How to convert Ghanaian cedis to US dollars. one hundred old pence, so that 1 pesewa was equal to one penny. 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. After the 50 note confiscation, fears existed that the government could also confiscate the 20 or even the 10 notes. 1 Input your amount. This process ended in 1990 with a free float of the cedi against foreign currencies. 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. Some transactions could only then be done in foreign currencies (although that was technically illegal), and other, more routine transactions began to revert to barter. One cedi is divided into one hundred pesewas (Gp). 100 US Dollars = 1,178.97 Ghanaian Cedis as of May 2, 2023 1:15:00 AM UTC. DISCLAIMER: All content provided herein our website is for your general information only, procured from third party sources. Click to copy to clipboard. 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 currency converter shows the conversion of 1 US Dollars to Cedis as of today price. This is for informational purposes only. Ghanaians, in theory, could exchange any number of 50 notes for coins or other banknotes without loss, but foreigners could not make any exchange. 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. A number of Ghanaian coins have also been issued in Sika denomination, and may have no legal tender status. 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. [13][14], The Bank of Ghana has been issuing all Ghanaian coins since 1958. 1,000,000.00 After the 50 note confiscation, the 20 note was the highest cedi denomination, but had a street value of only about $0.35 (U.S.). Sponsored Currency Information. 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. 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. History. Any use of our content is solely at your own risk and discretion. Only coins that have been or are in general circulation are included in this list. Exchange rates can fluctuate by the minute while markets are open. Coins and bank accounts were unaffected. And with our daily summaries, youll never miss out on the latest news. 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. For the basic conversion, we use the midpoint between the buy and sell rates of GHS to USD at currency exchanges across the globe. In 1991, 10, 20, 50, and 100 cedi coins were introduced, followed by 200 and 500 cedis in 1996. 1 GH = 100 pesewa Symbol GH The cedi is the unit of currency of Ghana. US dollars to Ghanaian cedis Exchange Rate. . Check send rates US Dollar Ghanaian Cedi conversion Last updated Apr 29, 2023, 07:56 UTC Convert US Dollar to Ghanaian Cedi 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. 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. The table shows the data and analysis of the variations. As a result, the US Dollar has The low point was 7.4527 Ghanaian Cedis per US Dollar on May 3, 2022. One Ghana cedi is divided into one hundred pesewas (Gp). After independence, Ghana separated itself from the British West African pound, which was the currency of the British colonies in the region. Our currency converter is simple to use and also shows the latest currency rates. analyse and verify our content before relying on them. The Bank of Ghana has been issuing all Ghanaian banknotes since 1958. For the basic conversion, we use the midpoint . 3 That's it. Converter X provides up-to-date exchange rates on global currencies based on Open Exchange Rates. provides the information in its best way. Reverse : 14000000 GHS to USD, This website uses cookies to ensure you get the best experience on our website. In the majority of cases, this data is sufficient to predict future changes. Our currency rankings show that the most popular Ghanaian Cedi exchange rate is the GHS to USD rate. To add USD to GHS #widget to your website, you simply need to copy the code below and paste 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. In the majority of cases, this data is sufficient to predict future changes. 1 Input your amount. = 11,750,390.00 The USD/GHS rate is up +56.84%. The GHC was introduced on July 3, 2007. 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 exchange rate used for the USD/GHS currency pair was : 11.75. Don't forget to look at and compare exchange rates from other banks available from 2 sources. analyse and verify our content before relying on them. 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. A number of Ghanaian New Cedi coins have also been issued in Sika denominations. Today's Value of 14,000,000 Dollars in Ghana Cedi is 164,505,460 (GHS). 1 Input your amount. Simply type in the box how much you want to convert. Recipient gets (Total after fees) Transfer fee. 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 . 13.93 USD. The exchange rate of the United . Alternatively, you may try converting US Dollars to Ghanaian Cedis. The cedi's value continued to be eaten away on the black market. Sending 1000.00 USD with. 2 Choose your currencies. 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. Click on the drop-downs to select the currencies you want to convert between. Many other Ghanaians received "promise payment notes" from the banks, but never received compensation. year to date against the Ghanaian Cedi. 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. 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. Also, its best to convert US Dollars to Ghanaian Cedis early in the week if you need Ghanaian Cedis urgently. one hundred old pence, so that 1 pesewa was equal to one penny. The signature on the notes also changes when a new governor takes over the management of the Bank of Ghana. The currency code for Cedis is GHS, and the currency symbol is GH. Inverse: 1,500,000,000.00 USD = 17,684,529,000.00 GHS, Best 1,500,000,000 GHS to USD Exchange Rate. The currency symbol is GH. Wise gives you the real, mid-market, exchange rate, so you can make huge savings on your international money transfers. 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. 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. 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 Ghanaian New Cedi was introduced on July 3, 2007 and is equal to 10,000 old (Second) Cedis. We give you the real rate, independently provided by Reuters. Exchange-rates.org is a currency and cryptocurrency converter tool and data provider used by millions of people across the globe every month. Inverse: 1,000,000.00 USD = 11,789,686.00 GHS. 2 Choose your currencies. This fear, along with inflation running at about 100% annually, started causing Ghanaians to lose their faith in their country's own currency. It is the fourth historical and only current legal tender in the Republic of Ghana. Cowries (plural of cowry) were formerly used as currency in what is now Ghana. Reverse : 1000000 GHS to USD, This website uses cookies to ensure you get the best experience on our website. Compare our rate and fee with Western Union, ICICI Bank, WorldRemit and more, and see the difference for yourself. The Ghanaian cedi (ISO code: GHS), is the official currency of Ghana. Over the last 7 days, the best beneficial exchange rate was 11,942,394.00. gained it into the desired position in your websites HTML source code. However, within months, the second cedi was devalued to a rate of 2.45 = 1stg, less than the initial value of the first cedi. Inverse: 1,000,000.00 GHS = 84,819.90 USD.
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