14,000,000.00 This chart shows data from 2022-5-2 to 2023-5-1. Our currency converter will show you the current rate and how it's changed over the past day, week or month. Find out the best rate in banks for GHS/USD exchange rates below. 1.00 Ghanaian Cedi = 0.08 6180237 US Dollars 1 USD = 11.6036 GHS We use the mid-market rate for our Converter. 11.7000 Mid-market rate. 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. USD The fast and reliable converter shows how much you would get when exchanging one US Dollar to Ghana Cedi. The first cedi was replaced in 1967 by a "new cedi" which was worth 1.2 first cedis. Some coins are held back and released years after they are issued. Simply type in the box how much you want to convert. 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. How to convert US dollars to Ghanaian cedis. USD to GHS Convert US Dollars to Ghanaian Cedis - Exchange-Rates.org Simply type in the box how much you want to convert. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. Coins and bank accounts were unaffected. Receive daily email about the USD GHS exchange rate. 1 GHS to USD - Ghanaian Cedis to US Dollars Exchange Rate - Xe 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. against the Ghanaian Cedi. Youll now see the value of the converted currency according to the most recent exchange rate. Type the amount, select the original currency and the currency to which you want the amount to be converted. Every time. Weve been featured in some of the most reputable financial publications in the world, including Business Insider, Investopedia and Coindesk. up +18.00% Compare our rate and fee with Western Union, ICICI Bank, WorldRemit and more, and see the difference for yourself. Exchange-Rates.org 2023 MBH Media, Inc. 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. Sending 1000.00 USD with. One cedi is divided into one hundred pesewas (Gp). Convert 1000000 US Dollar to Ghana Cedi using latest Foreign Currency Exchange Rates. This confiscation was publicly justified as a means to create a disincentive for the flourishing black market. The symbol for the currency is "GH", used as a prefix. As of today at 05:00AM UTC one million us dollars is equal to 10,888,605.00 (GHS) or ten million eight hundred eighty-eight thousand six hundred five ghanaian cedis. Compare our rate and fee with Western Union, ICICI Bank, WorldRemit and more, and see the difference for yourself. 2000 US dollars to Ghanaian cedis - Wise 14 Million USD to GHS. Using this website, you can find the current exchange rate for the Ghanaian cedi and a calculator to convert from Ghanaian cedis to Dollars. 4.5/5, 2.2k ratings. By 1983 the cedi was worth about 120 to one U.S. dollar on the black market, a pack of cigarettes cost about 150 (if they could be found), but the bank rate continued at 2.80 = $1.00. Check the latest currency exchange rates for the US Dollar, Ghanaian Cedi and all major world currencies. After the 50 note confiscation, fears existed that the government could also confiscate the 20 or even the 10 notes. 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. And if they have a fee, they charge you twice. 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.). [12] The exchange rate as of 24October2022[update] was about GH15 per U.S. The Ghanaian cedi (ISO code: GHS), is the official currency of Ghana. Our currency rankings show that the most popular Ghanaian Cedi exchange rate is the GHS to USD rate. DISCLAIMER: All content provided herein our website is for your general information only, procured from third party sources. 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. 3.8/5, 90.8k ratings. 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. The currency symbol is GH. High inflation ensued, and so the cedi was re-pegged at 2.80 = $1.00. Convert 1 US Dollar to Ghana Cedi using latest Foreign Currency Exchange Rates. Sponsored The fast and reliable converter shows how much you would get when exchanging one million US Dollar to Ghana Cedi. Ghanaian Cedi 2023 Data - 2007-2022 Historical - TRADING ECONOMICS US dollars to Ghanaian cedis Exchange Rate. Convert USD/GHS - Wise The average exchange rate over this period was 10.670 Ghanaian Cedis per US Dollar. Convert 1 US Dollars to Cedis - (USD in GHS) You won't receive this rate when sending money. [citation needed]. How to convert US dollars to Ghanaian cedis. The porcelain-like shells came to West Africa, beginning in the 14th century, through trade with Arab merchants. Convert from Ghana Cedi (GHS) to United States Dollar (USD) Inverse: 1,000,000.00 USD = 11,789,686.00 GHS. Only coins that have been or are in general circulation are included in this list. The signature on the notes also changes when a new governor takes over the management of the Bank of Ghana. 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. A number of Ghanaian coins have also been issued in Sika denomination, and may have no legal tender status. Our smart tech means were more efficient which means you get a great rate. This means the US Dollar has increased in value compared to the Ghanaian Cedi. Apr/27. 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. 1 USD to GHS - Convert $1 US Dollar to Ghana Cedi - Currency Converter X Popular US Dollar (USD) Pairings. 5000 . Reverse : 1000000 GHS to USD, This website uses cookies to ensure you get the best experience on our website. The exchange rate used for the USD/GHS currency pair was : 11.75. Exchange-rates.org is a currency and cryptocurrency converter tool and data provider used by millions of people across the globe every month. 1 US dollar to Ghanaian cedis - Wise You can get live exchange rates between US Dollars and Ghanaian Cedis using exchange-rates.org, 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 amount is in words: One Million (GHS), One Million Ghanaian cedis 00 pesewas. 10 Million USD to GHS - US Dollar to Ghana Cedi - Currency Converter X = 164,505,460.00 The exchange rate used for the USD/GHS currency pair was : 11.75. The cedi (/sidi/ SEE-dee) (currency sign: GH; currency code: GHS) is the unit of currency of Ghana. 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. The GHC was introduced on July 3, 2007. Ghanaian Cedi. 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. For the basic conversion, we use the midpoint . 2 Choose your currencies. New banknotes were issued which were exchanged for old ones at a rate of 10 old notes for 7 new ones. The USD/GHS rate is up +56.84%. The current exchange rate is equivalent to 0.0848. Wise US Inc is authorized to operate in most states. Ghanaian cedi - Wikipedia And with our daily summaries, youll never miss out on the latest news. 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. 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. How to convert Ghanaian cedis to US dollars. Convert Ghana Cedi to Ghana Cedi | GHS to GHS Currency Converter 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 USD/GHS currency pair was : 10.75. GHS 1 Input your amount. We use cookies to personalize content, ads and to analyze our traffic. The currency converter shows the conversion of 1 US Dollars to Cedis as of today price. According to the mid-point between the "buy" and "sell" from global currency markets. GHC: The currency abbreviation for the Ghanaian cedi - the official currency of the Republic of Ghana. Reverse : 14000000 GHS to USD, This website uses cookies to ensure you get the best experience on our website. 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. You should conduct your own research, review, 10 US dollars to Ghanaian cedis Exchange Rate. Convert USD/GHS - Wise Alternatively, you may try converting US Dollars to Ghanaian Cedis. 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. Banks and traditional providers often have extra costs, which they pass to you by marking up the exchange rate. 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. In 1979 a currency confiscation took place. 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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. It has since lost over 90% of its value. It is the fourth historical and only current legal tender in the Republic of Ghana. 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. The currency code for Ghanaian Cedis is GHS. GHC (Ghanaian Cedi) Definition - Investopedia Online interactive currency converter & calculator ensures provding actual conversion information of world currencies according to Open Exchange Rates and In the last 10 years, 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. Live Currency Rates. [7], Due to its negligible purchasing power, the one pesewa coin is rarely seen in circulation. For the basic conversion, we use the midpoint between the buy and sell rates of USD to GHS at currency . 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. 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. Click on the drop-downs to select the currencies you want to convert between. In the second half of 2007 both the second and third cedi were legal tender as the old currency was being gradually withdrawn. According to the mid-point between the "buy" and "sell" from global currency markets. Our smart tech means were more efficient which means you get a great rate. In the majority of cases, this data is sufficient to predict future changes. 23245.57 GHS Save up to 185.57 GHS. 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. 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]. [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). Sponsored 1 Million USD to GHS - US Dollars to Ghanaian Cedis Explore the account used by 13 million people to live, work, travel and transfer money worldwide. To add USD to GHS #widget to your website, you simply need to copy the code below and paste The exchange rate of the United . You won't receive this rate when sending money. Banks and other transfer services have a dirty little secret. Check out the market overview 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 Inverse: 1,500,000,000.00 USD = 17,684,529,000.00 GHS, Best 1,500,000,000 GHS to USD Exchange Rate. Inverse: 1,000,000.00 GHS = 84,819.90 USD. 1 Million USD to GHS - US Dollars to Ghanaian Cedis. [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 - US Dollars to Ghanaian Cedis Exchange Rate - Xe Check send rates US Dollar Ghanaian Cedi conversion Last updated Apr 29, 2023, 07:56 UTC Convert US Dollar to Ghanaian Cedi After independence, Ghana separated itself from the British West African pound, which was the currency of the British colonies in the region. The exchange rate used for the USD/GHS currency pair was : 11.75. 3 That's it. It was the highest-valued currency unit issued by sovereign countries in Africa in 2007. The first cedi was introduced in 1965, replacing the pound at a rate of 2.4cedi = 1pound, or 1pesewa = 1penny. Wise never hides fees in the exchange rate. The introduction of the new denomination coincided with the conclusion of the year-long centenary celebrations of the birth of Kwame Nkrumah, Ghana's first president, and has the commemorative text "Centenary of the Birth of Dr.Kwame Nkrumah".[5]. Over the last 30 days, we have recorded a fluctuation index is "very high" and a volatility of 21.69%. 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. 100 US Dollars = 1,178.97 Ghanaian Cedis as of May 2, 2023 1:15:00 AM UTC. Compared to yesterday, the cost 1,000,000 of the cedis remains unchanged. The US Dollar is 1 US Dollar = 11.776 Ghanaian Cedis as of May 1, 2023 5:10:00 AM UTC. , Feb 2, 2023. $1 = 10.82 +0.05 (+0.46%) at the rate on 2023-04-08. 3 That's it. CFA Franc to Ghanaian Cedi Exchange Rate Chart | Xe 1.5 Billion GHS to USD - Ghanaian Cedis to US Dollars. 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]. We give you the real rate, independently provided by Reuters. 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. [6] The devaluation was temporarily halted in the last quarter of 2014 as the currency stabilized due to a pending IMF bailout of Ghana. 300000 USD = 3,536,905.80 GHS at the rate on 2023-05-02. The list is sorted at the top, from left to right, in descending order. Be on the lookout for any changes, ready up-to-date. Wise gives you the real, mid-market, exchange rate, so you can make huge savings on your international money transfers. Over 70 million downloads worldwide. Every time. This is for informational purposes only. Alternatively, you may try converting US Dollars to Ghanaian Cedis. 1,000,000.00 The USDGHS spot exchange rate specifies how much one currency, the USD, is currently worth in terms of the other, the GHS. The table shows the data and analysis of the variations. The cedi bore the portrait of the President and was equivalent to eight shillings and four pence (8s 4d), i.e. The new republic's first independent currency was the Ghanaian pound (19581965). The word cedi is derived from the Akan word for cowry shell which were once used in Ghana as a form of currency. Today's Value of 14,000,000 Dollars Type the amount, select the original currency and the currency to which you want the amount to be converted. 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 Ghanaians, in theory, could exchange any number of 50 notes for coins or other banknotes without loss, but foreigners could not make any exchange. analyse and verify our content before relying on them. provides the information in its best way. By removing four digits, the Ghana cedi became the highest-denominated currency unit issued in Africa. In 1965, Ghana decided to leave the British colonial monetary system and adopt the widely accepted decimal system. 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.
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