With the currency converter, you can convert 300,000 United States Dollars to Cedis and find out how much three hundred thousand dollars is currently worth in Cedis. Inverse: 1,000,000.00 USD = 11,789,686.00 GHS. 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. 13.93 USD. Currency Rate Change; EUR / USD: . The change also provided an opportunity to remove Kwame Nkrumah's image from coins and notes. 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 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. 14,000,000.00 Receive daily email about the USD GHS exchange rate. 2 Choose your currencies. 1 US Dollar = 11.790 Ghanaian Cedis as of May 2, 2023 1:15:00 AM UTC. Today's Value of 1,000,000 Dollars 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. Ghanaians, in theory, could exchange any number of 50 notes for coins or other banknotes without loss, but foreigners could not make any exchange. 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. Our currency converter is simple to use and also shows the latest currency rates. 10 Million Won to USD. Cowries (plural of cowry) were formerly used as currency in what is now Ghana. However, within months, the second cedi was devalued to a rate of 2.45 = 1stg, less than the initial value of the first cedi. it into the desired position in your websites HTML source code. The Ghanaian New Cedi was introduced on July 3, 2007 and is equal to 10,000 old (Second) Cedis. 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. The first cedi was introduced in 1965, replacing the pound at a rate of 2.4cedi = 1pound, or 1pesewa = 1penny. The USD/GHS rate is up +56.84%. Alternatively, you may try converting US Dollars to Ghanaian Cedis. As a result, the US Dollar has Every time. = 164,505,460.00 This confiscation was publicly justified as a means to create a disincentive for the flourishing black market. The US Dollar is The new cedi was gradually phased out in 2007 in favor of the "Ghana cedi" at an exchange rate of 1:10,000. 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". Banks and other transfer services have a dirty little secret. 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 process ended in 1990 with a free float of the cedi against foreign currencies. 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. After independence, Ghana separated itself from the British West African pound, which was the currency of the British colonies in the region. DISCLAIMER: All content provided herein our website is for your general information only, procured from third party sources. The signature on the notes also changes when a new governor takes over the management of the Bank of Ghana. The cedi bore the portrait of the President and was equivalent to eight shillings and four pence (8s 4d), i.e. 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. 1 Million USD to GHS - US Dollars to Ghanaian Cedis One cedi is divided into one hundred pesewas (Gp). Our smart tech means were more efficient which means you get a great rate. 1.5 Billion GHS to USD - Ghanaian Cedis to US Dollars. Compared to yesterday, the cost 1,000,000 of the cedis remains unchanged. Also, its best to convert US Dollars to Ghanaian Cedis early in the week if you need Ghanaian Cedis urgently. Weve been featured in some of the most reputable financial publications in the world, including Business Insider, Investopedia and Coindesk. The African name Cedi (19651967) was introduced in place of the old British pound system. , Feb 2, 2023. Using this website, you can find the current exchange rate for the Ghanaian cedi and a calculator to convert from Ghanaian cedis to Dollars. The GHC was introduced on July 3, 2007. 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 Check send rates Ghanaian Cedi to US Dollar conversion Last updated Apr 30, 2023, 10:48 UTC Convert Ghanaian Cedi to US Dollar Also, you can make a reverse calculation and find out the current value of 300000 Cedis in United States Dollars. 1 US dollar to Ghanaian cedis - Wise 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. Dollar (USD) to Ghanaian cedi (GHS) Currency Converter 300000 USD = 3,536,905.80 GHS at the rate on 2023-05-02. 14 Million USD to GHS - 14000000 Dollars to Ghana Cedi 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. How much is 1 million Ghanaian cedis to US Dollars = 11,750,390.00 1,000,000.00 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 one hundred old pence, so that 1 pesewa was equal to one penny. [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. 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. Banks and traditional providers often have extra costs, which they pass to you by marking up the exchange rate. Exchange-rates.org is a currency and cryptocurrency converter tool and data provider used by millions of people across the globe every month. dollar. In the second half of 2007 both the second and third cedi were legal tender as the old currency was being gradually withdrawn. was 14.627 Ghanaian Cedis per US Dollar on November 28, 2022. Be on the lookout for any changes, ready up-to-date. And if they have a fee, they charge you twice. Click on the drop-downs to select the currencies you want to convert between. Ghanaian cedis to US dollars Exchange Rate. Convert GHS/USD - Wise Check send rates US Dollar Ghanaian Cedi conversion Last updated Apr 29, 2023, 07:56 UTC Convert US Dollar to Ghanaian Cedi The exchange rate used for the USD/GHS currency pair was : 10.75. 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. [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). The symbol for the currency is "GH", used as a prefix. provides the information in its best way. 1 Million USD to GHS - US Dollars to Ghanaian Cedis. This means that in the general circulation there are worn out coins and coins in mint condition from the same issuing year. 14 Million USD to GHS. You should conduct your own research, review, Today's Value of 1,000,000 Dollars in Ghana Cedi is 10,750,057 (GHS). up +401.16% This chart will allow users to see the GHS/USD oscillation, and look at last year's data. Today's Value of 1,000,000 Nigerian Naira in Ghana Cedi is 25,514.91 (GHS). These six denominations were still in circulation until 2007. 1 USD . for even more real-time currency quotes or try to apply technical analysis tools on interactive charts. CFA Franc to Ghanaian Cedi Exchange Rate Chart | Xe 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. The second cedi was initially pegged to sterling at a rate of 2 = 1stg. [7], Due to its negligible purchasing power, the one pesewa coin is rarely seen in circulation. This is for informational purposes only. 3.8/5, 90.8k ratings. 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. 2 Choose your currencies. 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. Today's Value of 14,000,000 Dollars Converter X provides up-to-date exchange rates on global currencies based on Open Exchange Rates. 3 That's it. According to the mid-point between the "buy" and "sell" from global currency markets. The first cedi was pegged to sterling at a rate of 2.4cedis = 1pound or 8s 4d per cedi. 1 Million USD to GHS - US Dollar to Ghana Cedi - Currency Converter X Below, you'll find Ghanaian Cedi rates and a currency converter. A number of Ghanaian coins have also been issued in Sika denomination, and may have no legal tender status. You can convert US Dollars to Ghanaian Cedis by using the exchange-rates.org currency converter in just one easy step. This is for informational purposes only. $1 = 10.82 +0.05 (+0.46%) at the rate on 2023-04-08. Our smart tech means were more efficient which means you get a great rate. GHC (Ghanaian Cedi) Definition - Investopedia The government decided to "cut" four zeros off the currency by switching to the third cedi. The currency converter shows the conversion of 1 US Dollars to Cedis as of today price. This chart will allow users to see the USD/GHS oscillation, and look at last year's data. In 1965, Ghana decided to leave the British colonial monetary system and adopt the widely accepted decimal system. 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. Find out the best rate in banks for GHS/USD exchange rates below. It is the fourth historical and only current legal tender in the Republic of Ghana. 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. 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 . Sponsored -1.36%. How to convert US dollars to Ghanaian cedis. 1.0000 USD = 11.790 GHS May 2, 2023 01:15 AM UTC. In 2014, the inflation rose rapidly as the value of the third cedi fell to a fourth of its original value. US dollars to Ghanaian cedis Exchange Rate. Convert USD/GHS - Wise 5000 . Exchange rate (1 USD GHS) Cheapest. Reverse : 1000000 GHS to USD, This website uses cookies to ensure you get the best experience on our website. [13][14], The Bank of Ghana has been issuing all Ghanaian coins since 1958. The porcelain-like shells came to West Africa, beginning in the 14th century, through trade with Arab merchants. Online interactive currency converter & calculator ensures provding actual conversion information of world currencies according to Open Exchange Rates and -0.3982. which aggregates real-time forex data from the most authoritative sources. one hundred old pence, so that 1 pesewa was equal to one penny. 1.5 Billion GHS to USD - Ghanaian Cedis to US Dollars The high point for the USD/GHS rate Don't forget to look at and compare exchange rates from other banks available from 2 sources. Simply type in the box how much you want to convert. The average exchange rate over this period was 10.670 Ghanaian Cedis per US Dollar. Currency Information. Last rates updated 2023-04-29. 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. New banknotes were issued which were exchanged for old ones at a rate of 10 old notes for 7 new ones. 1.00 US Dollar = 11.78 2487 Ghanaian Cedis 1 GHS = 0.0848717 USD We use the mid-market rate for our Converter. Over 70 million downloads worldwide. The low point was 7.4527 Ghanaian Cedis per US Dollar on May 3, 2022. Only coins that have been or are in general circulation are included in this list. Convert 1000000 US Dollar to Ghana Cedi using latest Foreign Currency Exchange Rates. This had the effect of driving nearly all commerce underground, where black market prices for commodities were the norm, and nothing existed on store shelves. This fear, along with inflation running at about 100% annually, started causing Ghanaians to lose their faith in their country's own currency. The cedi (/sidi/ SEE-dee) (currency sign: GH; currency code: GHS) is the unit of currency of Ghana. provides the information in its best way. Convert Ghana Cedi to Ghana Cedi | GHS to GHS Currency Converter The word cedi is the Akan word for cowry shell. The new republic's first independent currency was the Ghanaian pound (19581965). 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. The word cedi is derived from the Akan word for cowry shell which were once used in Ghana as a form of currency. . Coins and bank accounts were unaffected. 1 Input your amount. 4.5/5, 2.2k ratings. GHC: The currency abbreviation for the Ghanaian cedi - the official currency of the Republic of Ghana. British pounds sterling to Ghanaian cedis - Wise DISCLAIMER: All content provided herein our website is for your general information only, procured from third party sources. [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-). Compare our rate and fee with Western Union, ICICI Bank, WorldRemit and more, and see the difference for yourself. Any use of our content is solely at your own risk and discretion. The exchange rate used for the USD/GHS currency pair was : 11.75. The first cedi was replaced in 1967 by a "new cedi" which was worth 1.2 first cedis. 10 US dollars to Ghanaian cedis Exchange Rate. Convert USD/GHS - Wise 1 US dollar to Ghanaian cedis Exchange Rate. Alternatively, you may try converting Ghanaian Cedis to US Dollars. 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. Select the period for plotting the chart. The currency code for Cedis is GHS, and the currency symbol is GH. 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]. 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. Over the last 7 days, the best beneficial exchange rate was $127,229,851.58. Simply type in the box how much you want to convert. The current exchange rate is equivalent to 0.0848. Beware of bad exchange rates.Banks and traditional providers often have extra costs, which they pass to you by marking up the exchange rate. And with our daily summaries, youll never miss out on the latest news. Some coins are held back and released years after they are issued. This allowed a decimal conversion with the pound, namely 2 second cedis = 1 pound. Type the amount, select the original currency and the currency to which you want the amount to be converted. Over the last 7 days, the best beneficial exchange rate was 11,942,394.00. 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 "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. Ghanaian cedi - Wikipedia One Ghana cedi is divided into one hundred pesewas (Gp). Check the latest currency exchange rates for the US Dollar, Ghanaian Cedi and all major world currencies. 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. Exchange rate (1 USD GHS) Cheapest. Simply enter the amount of USD you want to convert to GHS in the box labeled "Amount", and youre done! 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. 2000 Euros to US Dollars. [citation needed]. Ghana: oil contribution to GDP 2014-2024 | Statista Explore the account used by 13 million people to live, work, travel and transfer money worldwide. GHS Ghana's first President Dr. Kwame Nkrumah introduced Cedi notes and Pesewa coins in July 1965 to replace the Ghanaian pounds, shillings and pence. 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. In the last 10 years, the US Dollar is History. GHS | Ghanaian New Cedi | OANDA Online interactive currency converter & calculator ensures provding actual conversion information of world currencies according to Open Exchange Rates and 23245.57 GHS Save up to 185.57 GHS. Converter X provides up-to-date exchange rates on global currencies based on Open Exchange Rates. 300000 United States Dollars (USD) to Ghana Cedis (GHS) today 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. 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 . [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]. Apr/27. Live Currency Rates. analyse and verify our content before relying on them. 1 Input your amount. Wise gives you the real, mid-market, exchange rate, so you can make huge savings on your international money transfers. purchasing power compared to Ghanaian Cedi over the last 10 years. To view rates between the US Dollar and the Ghanaian Cedi for a particular year, click on one of the links below. The US Dollar is currently stronger than the Ghanaian Cedi given that 1 USD is equal to 11.790 GHS. At the end of December 2007, more than 90% of all old coins and notes had been withdrawn. 1 USD to GHS - US Dollars to Ghanaian Cedis Exchange Rate - Xe The fast and reliable converter shows how much you would get when exchanging one US Dollar to Ghana Cedi. [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. 1 USD in GHS: 10 days history. 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 Over the last 30 days, we have recorded a fluctuation index is "very high" and a volatility of 21.69%. The exchange rate used for the NGN/GHS currency pair was : .026. Every time. Youll now see the value of the converted currency according to the most recent exchange rate. The current exchange rate is equivalent to 0.0848. Simply type in the box how much you want to convert. 100 US Dollars = 1,178.97 Ghanaian Cedis as of May 2, 2023 1:15:00 AM UTC. 100 Canadian to USD. 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. Click on the drop-downs to select the currencies you want to convert between. in Ghana Cedi is 11,750,390 (GHS). The table shows the data and analysis of the variations. The Monetaria moneta or money cowry is not native to West African waters but is a common species in the Indian Ocean. 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. Compare our rate and fee with Western Union, ICICI Bank, WorldRemit and more, and see the difference for yourself. The exchange rate used for the USD/GHS currency pair was : 11.75. High inflation ensued, and so the cedi was re-pegged at 2.80 = $1.00. Inverse: 1,000,000.00 GHS = 84,819.90 USD. [10] As of September2022[update], the annual inflation rate of 37.2% as reported by the Ghana Statistical Service was the highest since 2001. GHS - Ghanaian Cedi rates, news, and tools | Xe [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. This means the US Dollar has increased in value compared to the Ghanaian Cedi. For the basic conversion, we use the midpoint between the buy and sell rates of GHS to USD at currency exchanges across the globe. Current tool convert USD in GHS using live average market currency rates. 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. 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 list is sorted at the top, from left to right, in descending order. You won't receive this rate when sending money. 3 That's it. Convert 1 US Dollar to Ghana Cedi using latest Foreign Currency Exchange Rates. The table shows the data and analysis of the variations. 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. 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. 1.00 Ghanaian Cedi = 0.08 6180237 US Dollars 1 USD = 11.6036 GHS We use the mid-market rate for our Converter. After the February 1966 military coup, the new leaders wanted to remove the face of Nkrumah from the banknotes.
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