To view rates between the US Dollar and the Ghanaian Cedi for a particular year, click on one of the links below. Our smart tech means were more efficient which means you get a great rate. Today's Value of 14,000,000 Dollars The table shows the data and analysis of the variations. Exchange rate (1 USD GHS) Cheapest. The Monetaria moneta or money cowry is not native to West African waters but is a common species in the Indian Ocean. The fast and reliable converter shows how much you would get when exchanging one million US Dollar to Ghana Cedi. The fast and reliable converter shows how much you would get when exchanging one US Dollar to Ghana Cedi. The low point was 7.4527 Ghanaian Cedis per US Dollar on May 3, 2022. against the Ghanaian Cedi. Sending 1000.00 USD with. For the basic conversion, we use the midpoint . 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 Recipient gets (Total after fees) Transfer fee. How to convert US dollars to Ghanaian cedis. It is the fourth historical and only current legal tender in the Republic of Ghana. 100 Canadian to USD. Get in touch with us now. The current exchange rate is equivalent to 0.0848. 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. Current conversion is actual and use latest exchange rate of United States Dollar and Ghanaian Cedi currencies. History. Click on the drop-downs to select the currencies you want to convert between. Our currency converter will show you the current rate and how it's changed over the past day, week or month. 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. We give you the real rate, independently provided by Reuters. This means the US Dollar has increased in value compared to the Ghanaian Cedi. How to convert Ghanaian cedis to US dollars. 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 currency converter shows the conversion of 1 US Dollars to Cedis as of today price. Click to copy to clipboard. Converter X provides up-to-date exchange rates on global currencies based on Open Exchange Rates. one hundred old pence, so that 1 pesewa was equal to one penny. 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 Input your amount. 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 new cedi was gradually phased out in 2007 in favor of the "Ghana cedi" at an exchange rate of 1:10,000. 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. Over 70 million downloads worldwide. The current exchange rate is equivalent to 11.7897. 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. This chart will allow users to see the USD/GHS oscillation, and look at last year's data. up +401.16% Wise gives you the real, mid-market, exchange rate, so you can make huge savings on your international money transfers. . The third Cedi has been losing value continuously since it was introduced. Over the last 30 days, we have recorded a fluctuation index is "very high" and a volatility of 21.69%. And with our daily summaries, youll never miss out on the latest news. Last rates updated 2023-04-29. The table shows the data and analysis of the variations. [citation needed]. After the February 1966 military coup, the new leaders wanted to remove the face of Nkrumah from the banknotes. 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]. 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. 1 USD in GHS: 10 days history. provides the information in its best way. Recipient gets (Total after fees) Transfer fee. For the basic conversion, we use the midpoint between the buy and sell rates of GHS to USD at currency exchanges across the globe. The currency symbol is GH. A number of Ghanaian coins have also been issued in Sika denomination, and may have no legal tender status. This chart shows data from 2022-5-2 to 2023-5-1. [7], Due to its negligible purchasing power, the one pesewa coin is rarely seen in circulation. Current tool convert USD in GHS using live average market currency rates. You should conduct your own research, review, We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. 23245.57 GHS Save up to 185.57 GHS. 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 new republic's first independent currency was the Ghanaian pound (19581965). 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 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. Alternatively, you may try converting US Dollars to Ghanaian Cedis. Be on the lookout for any changes, ready up-to-date. Be on the lookout for any changes, ready up-to-date. 1.0000 USD = 11.790 GHS May 2, 2023 01:15 AM UTC. Explore the account used by 13 million people to live, work, travel and transfer money worldwide. This chart will allow users to see the GHS/USD oscillation, and look at last year's data. This confiscation was publicly justified as a means to create a disincentive for the flourishing black market. 1 Million Won to USD. 300000 USD = 3,536,905.80 GHS at the rate on 2023-05-02. 3.8/5, 90.8k ratings. The table shows the data and analysis of the variations. 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. A second confiscation took place in 1982, when the 50 note (the highest denomination) was demonetized. The word cedi is the Akan word for cowry shell. However, within months, the second cedi was devalued to a rate of 2.45 = 1stg, less than the initial value of the first cedi. The USD/GHS rate is up +56.84%. The GHC was introduced on July 3, 2007. Check send rates Ghanaian Cedi to US Dollar conversion Last updated Apr 30, 2023, 10:48 UTC Convert Ghanaian Cedi to US Dollar dollar. 11537.02 GHS Save up to 419.51 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. The exchange rate used for the USD/GHS currency pair was : 11.75. The currency code for Ghanaian Cedis is GHS. In 1965, Ghana decided to leave the British colonial monetary system and adopt the widely accepted decimal system. Type the amount, select the original currency and the currency to which you want the amount to be converted. Compare our rate and fee with Western Union, ICICI Bank, WorldRemit and more, and see the difference for yourself. 28.7863. 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. This fear, along with inflation running at about 100% annually, started causing Ghanaians to lose their faith in their country's own currency. 1 Input your amount. We partner with the most popular currency and cryptocurrency data providers worldwide to bring you the most recent quotes for all major cryptocurrencies. Online interactive currency converter & calculator ensures provding actual conversion information of world currencies according to Open Exchange Rates and Our currency converter will show you the current rate and how it's changed over the past day, week or month. Banks often advertise free or low-cost transfers, but add a hidden markup to the exchange rate. Every time. 11.7000 Mid-market rate. [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). New banknotes were issued which were exchanged for old ones at a rate of 10 old notes for 7 new ones. Coins and bank accounts were unaffected. 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. Cowries (plural of cowry) were formerly used as currency in what is now Ghana. gained Sponsored Converter X provides up-to-date exchange rates on global currencies based on Open Exchange Rates. USD = 164,505,460.00 Click on the drop-downs to select the currencies you want to convert between. The first cedi was pegged to sterling at a rate of 2.4cedis = 1pound or 8s 4d per cedi. According to the mid-point between the "buy" and "sell" from global currency markets. 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. Currency Rate Change; EUR / USD: . 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. Apr/27. 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. purchasing power compared to Ghanaian Cedi over the last 10 years. This is for informational purposes only. In 2014, the inflation rose rapidly as the value of the third cedi fell to a fourth of its original value. The list is sorted at the top, from left to right, in descending order. 3 That's it. For the basic conversion, we use the midpoint between the buy and sell rates of GHS to USD at currency exchanges across the globe. 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. 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. [12] The exchange rate as of 24October2022[update] was about GH15 per U.S. 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. Today's Value of 14,000,000 Dollars in Ghana Cedi is 164,505,460 (GHS). The Ghanaian New Cedi was introduced on July 3, 2007 and is equal to 10,000 old (Second) Cedis. For the basic conversion, we use the midpoint between the buy and sell rates of GHS to USD at currency exchanges across the globe. Our currency converter will show you the current rate and how it's changed over the past day, week or month. Simply type in the box how much you want to convert. 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. . 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. 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. Compared to yesterday, the cost 1,000,000 of the cedis remains unchanged. The Bank of Ghana has been issuing all Ghanaian banknotes since 1958. Our currency converter will show you the current rate and how its changed over the past day, week or month. Exchange-Rates.org 2023 MBH Media, Inc. = 11,750,390.00 100 US Dollars = 1,178.97 Ghanaian Cedis as of May 2, 2023 1:15:00 AM UTC. 14 Million USD to GHS. [3] From January 2008 old banknotes could only be exchanged at banks and were no longer legal tender. 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. Popular US Dollar (USD) Pairings. The second cedi was initially pegged to sterling at a rate of 2 = 1stg. Set an alert now, and well tell you when it gets better. Banks and other transfer services have a dirty little secret. 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 Live Currency Rates. Check the latest currency exchange rates for the US Dollar, Ghanaian Cedi and all major world currencies. 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". This chart will allow users to see the GHS/USD oscillation, and look at last year's data. Simply type in the box how much you want to convert. You can convert US Dollars to Ghanaian Cedis by using the exchange-rates.org currency converter in just one easy step. 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. Every time. Simply enter the amount of USD you want to convert to GHS in the box labeled "Amount", and youre done! This allowed a decimal conversion with the pound, namely 2 second cedis = 1 pound. 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. $1 = 10.82 +0.05 (+0.46%) at the rate on 2023-04-08. 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). The signature on the notes also changes when a new governor takes over the management of the Bank of Ghana. The US Dollar is currently stronger than the Ghanaian Cedi given that 1 USD is equal to 11.790 GHS. The exchange rate used for the USD/GHS currency pair was : 11.75. it into the desired position in your websites HTML source code.
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