Using this website, you can find the current exchange rate for the Ghanaian cedi and a calculator to convert from Ghanaian cedis to Dollars. Apr/27. It was the highest-valued currency unit issued by sovereign countries in Africa in 2007. Convert United States Dollar To Ghanaian Cedi - Forbes The low point was 7.4527 Ghanaian Cedis per US Dollar on May 3, 2022. 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. 28.7863. 100 Canadian to USD. The cedi's value continued to be eaten away on the black market. This confiscation was publicly justified as a means to create a disincentive for the flourishing black market. Click on the drop-downs to select the currencies you want to convert between. We partner with the most popular currency and cryptocurrency data providers worldwide to bring you the most recent quotes for all major cryptocurrencies. Converter X provides up-to-date exchange rates on global currencies based on Open Exchange Rates. 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. You should conduct your own research, review, The Monetaria moneta or money cowry is not native to West African waters but is a common species in the Indian Ocean. Simply enter the amount of USD you want to convert to GHS in the box labeled "Amount", and youre done! Inverse: 1,000,000.00 GHS = 84,819.90 USD. British pounds sterling to Ghanaian cedis - Wise Reverse : 14000000 GHS to USD, This website uses cookies to ensure you get the best experience on our website. Convert from Ghana Cedi (GHS) to United States Dollar (USD) 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.). Our currency converter will show you the current rate and how its changed over the past day, week or month. For the basic conversion, we use the midpoint . The high point for the USD/GHS 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. 2000 US dollars to Ghanaian cedis - Wise Receive daily email about the USD GHS exchange rate. It is the fourth historical and only current legal tender in the Republic of Ghana. The cedi bore the portrait of the President and was equivalent to eight shillings and four pence (8s 4d), i.e. 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. -0.3982. 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. According to the mid-point between the "buy" and "sell" from global currency markets. This means that in the general circulation there are worn out coins and coins in mint condition from the same issuing year. -1.36%. Alternatively, you may try converting US Dollars to Ghanaian Cedis. 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). This chart will allow users to see the USD/GHS oscillation, and look at last year's data. Convert 1 US Dollar to Ghana Cedi using latest Foreign Currency Exchange Rates. The symbol for the currency is "GH", used as a prefix. in Ghana Cedi is 11,750,390 (GHS). [10] As of September2022[update], the annual inflation rate of 37.2% as reported by the Ghana Statistical Service was the highest since 2001. 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. in Ghana Cedi is 164,505,460 (GHS). 10 Million Won to USD. . New banknotes were issued which were exchanged for old ones at a rate of 10 old notes for 7 new ones. [6] The devaluation was temporarily halted in the last quarter of 2014 as the currency stabilized due to a pending IMF bailout of Ghana. 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. [3] From January 2008 old banknotes could only be exchanged at banks and were no longer legal tender. Today's Value of 14,000,000 Dollars And with our daily summaries, youll never miss out on the latest news. By removing four digits, the Ghana cedi became the highest-denominated currency unit issued in Africa. Converter X provides up-to-date exchange rates on global currencies based on Open Exchange Rates. 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". 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. The exchange rate used for the NGN/GHS currency pair was : .026. 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. The currency code for Ghanaian Cedis is GHS. 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. Click on the drop-downs to select the currencies you want to convert between. 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. One Ghanaian New Cedi is divided into one hundred Ghana pesewas. USD 1 GHS to USD - Ghanaian Cedis to US Dollars Exchange Rate - Xe Also, its best to convert US Dollars to Ghanaian Cedis early in the week if you need Ghanaian Cedis urgently. 1.00 US Dollar = 11.78 2487 Ghanaian Cedis 1 GHS = 0.0848717 USD We use the mid-market rate for our Converter. This website uses cookies to ensure you get the best experience on our website, "https://www.currencyconverterx.com/pic-USD-GHS". Recipient gets (Total after fees) Transfer fee. Wise gives you the real, mid-market, exchange rate, so you can make huge savings on your international money transfers. 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. dollar. 23245.57 GHS Save up to 185.57 GHS. 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. 300000 USD = 3,536,905.80 GHS at the rate on 2023-05-02. 1 USD to GHS - Convert $1 US Dollar to Ghana Cedi - Currency Converter X Existing 1 and 2 cedi banknotes remain legal tender, though these denominations will be gradually replaced by coins to reduce costs. Check out the market overview 11.7000 Mid-market rate. Youll now see the value of the converted currency according to the most recent exchange rate. 16.59 USD. Explore the account used by 13 million people to live, work, travel and transfer money worldwide. They add hidden markups to their exchange rates - charging you more without your knowledge. Check the latest currency exchange rates for the US Dollar, Ghanaian Cedi and all major world currencies. 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 table shows the data and analysis of the variations. In the majority of cases, this data is sufficient to predict future changes. Compared to yesterday, the cost 1,000,000 of the cedis remains unchanged. [4], On 14 May 2010, a GH2 banknote was issued to meet public need for an intermediate denomination and reduce the frequency, and associated cost, of printing large volumes of the GH1 banknote. 3.8/5, 90.8k ratings. 1.5 Billion GHS to USD - Ghanaian Cedis to US Dollars Conversely, 1 GHS is worth 0.08482 USD. A number of Ghanaian coins have also been issued in Sika denomination, and may have no legal tender status. 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. Our currency rankings show that the most popular Ghanaian Cedi exchange rate is the GHS to USD rate. The third Cedi has been losing value continuously since it was introduced. DISCLAIMER: All content provided herein our website is for your general information only, procured from third party sources. Banks and other transfer services have a dirty little secret. This chart will allow users to see the GHS/USD oscillation, and look at last year's data. Ghana's first President Dr. Kwame Nkrumah introduced Cedi notes and Pesewa coins in July 1965 to replace the Ghanaian pounds, shillings and pence. Cowries (plural of cowry) were formerly used as currency in what is now Ghana. The exchange rate of the United . [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. Ghanaian Cedi 2023 Data - 2007-2022 Historical - TRADING ECONOMICS The fast and reliable converter shows how much you would get when exchanging one US Dollar to Ghana Cedi. Inverse: 1,000,000.00 USD = 11,789,686.00 GHS. The first cedi was replaced in 1967 by a "new cedi" which was worth 1.2 first cedis. After independence, Ghana separated itself from the British West African pound, which was the currency of the British colonies in the region. The Bank of Ghana has been issuing all Ghanaian banknotes since 1958. Be on the lookout for any changes, ready up-to-date. 1.0000 USD = 11.790 GHS May 2, 2023 01:15 AM UTC. The porcelain-like shells came to West Africa, beginning in the 14th century, through trade with Arab merchants. [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. 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. The Ghanaian Cedi is the currency of Ghana. Our currency converter will show you the current rate and how it's changed over the past day, week or month. 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. 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. Over the last 7 days, the best beneficial exchange rate was $127,229,851.58. Set an alert now, and well tell you when it gets better. Also, you can make a reverse calculation and find out the current value of 300000 Cedis in United States Dollars. Reverse : 1000000 GHS to USD, This website uses cookies to ensure you get the best experience on our website. Online interactive currency converter & calculator ensures provding actual conversion information of world currencies according to Open Exchange Rates and 3 That's it.
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