1 USD to GHS - US Dollars to Ghanaian Cedis Exchange Rate - Xe Ghanaians, in theory, could exchange any number of 50 notes for coins or other banknotes without loss, but foreigners could not make any exchange. Sending 1000.00 USD with. Some coins are held back and released years after they are issued. 300000 USD = 3,536,905.80 GHS at the rate on 2023-05-02. The exchange rate used for the NGN/GHS currency pair was : .026. [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. 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 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 first cedi was replaced in 1967 by a "new cedi" which was worth 1.2 first cedis. 1 US dollar to Ghanaian cedis - Wise 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. Reverse : 14000000 GHS to USD, This website uses cookies to ensure you get the best experience on our website. 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]. 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. 300,000 USD = 3,247,283.40 GHS at the rate on 2023-04-08. The change also provided an opportunity to remove Kwame Nkrumah's image from coins and notes. For the basic conversion, we use the midpoint . One Ghana cedi is divided into one hundred pesewas (Gp). Conversely, 1 GHS is worth 0.08482 USD. The first cedi was introduced in 1965, replacing the pound at a rate of 2.4cedi = 1pound, or 1pesewa = 1penny. The GHC was introduced on July 3, 2007. Last rates updated 2023-04-29. 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. 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. The US Dollar is currently stronger than the Ghanaian Cedi given that 1 USD is equal to 11.790 GHS. 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 . 14 Million USD to GHS. According to the mid-point between the "buy" and "sell" from global currency markets. The table shows the data and analysis of the variations. 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. How to convert Ghanaian cedis to US dollars. Currency Rate Change; EUR / USD: . 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 . Convert from Ghana Cedi (GHS) to United States Dollar (USD) To view rates between the US Dollar and the Ghanaian Cedi for a particular year, click on one of the links below. Set an alert now, and well tell you when it gets better. How much is 1 million Ghanaian cedis to US Dollars We partner with the most popular currency and cryptocurrency data providers worldwide to bring you the most recent quotes for all major cryptocurrencies. . This chart shows data from 2022-5-2 to 2023-5-1. 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. 10 US dollars to Ghanaian cedis Exchange Rate. Convert USD/GHS - Wise US dollars to Ghanaian cedis Exchange Rate. Convert USD/GHS - Wise 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. The government decided to "cut" four zeros off the currency by switching to the third cedi. And with our daily summaries, youll never miss out on the latest news. [6] The devaluation was temporarily halted in the last quarter of 2014 as the currency stabilized due to a pending IMF bailout of Ghana. Find out the best rate in banks for GHS/USD exchange rates below. was 14.627 Ghanaian Cedis per US Dollar on November 28, 2022. This chart will allow users to see the USD/GHS oscillation, and look at last year's data. Our currency converter will show you the current rate and how it's changed over the past day, week or month. The new republic's first independent currency was the Ghanaian pound (19581965). [citation needed]. Convert Ghana Cedi to Ghana Cedi | GHS to GHS Currency Converter 100 US Dollars = 1,178.97 Ghanaian Cedis as of May 2, 2023 1:15:00 AM UTC. At the end of December 2007, more than 90% of all old coins and notes had been withdrawn. This website uses cookies to ensure you get the best experience on our website, "https://www.currencyconverterx.com/pic-USD-GHS". 1 USD to GHS - Convert $1 US Dollar to Ghana Cedi - Currency Converter X The list is sorted at the top, from left to right, in descending order. analyse and verify our content before relying on them. 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. This means that in the general circulation there are worn out coins and coins in mint condition from the same issuing year. 3 That's it. = 164,505,460.00 Click on the drop-downs to select the currencies you want to convert between. Apr/27. You won't receive this rate when sending money. Ghana's first President Dr. Kwame Nkrumah introduced Cedi notes and Pesewa coins in July 1965 to replace the Ghanaian pounds, shillings and pence. British pounds sterling to Ghanaian cedis - Wise 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. . Also, its best to convert US Dollars to Ghanaian Cedis early in the week if you need Ghanaian Cedis urgently. The cedi (/sidi/ SEE-dee) (currency sign: GH; currency code: GHS) is the unit of currency of Ghana. More Ghanaian Cedi info. Beware of bad exchange rates.Banks and traditional providers often have extra costs, which they pass to you by marking up the exchange rate. Wise never hides fees in the exchange rate. 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. Ghanaian cedis to US dollars Exchange Rate. Convert GHS/USD - Wise Ghanaian Cedi. You can use this calculator offline while travelling in Ghana. This chart will allow users to see the GHS/USD oscillation, and look at last year's data. [13][14], The Bank of Ghana has been issuing all Ghanaian coins since 1958. The word cedi is the Akan word for cowry shell. 1 GH = 100 pesewa Symbol GH The cedi is the unit of currency of Ghana. 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 thousand US dollars to Ghanaian cedis - Wise 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 In the second half of 2007 both the second and third cedi were legal tender as the old currency was being gradually withdrawn. Over 70 million downloads worldwide. 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. provides the information in its best way. Live Currency Rates. The table shows the data and analysis of the variations. Exchange rate (1 USD GHS) Cheapest. The African name Cedi (19651967) was introduced in place of the old British pound system. 2 Choose your currencies. purchasing power compared to Ghanaian Cedi over the last 10 years. up +18.00% -0.3982. Our currency converter will show you the current rate and how it's changed over the past day, week or month. The currency code for Cedis is GHS, and the currency symbol is GH. Over the last 7 days, the best beneficial exchange rate was $84,819.90. 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. , Feb 2, 2023. Click to copy to clipboard. Today's Value of 1,000,000 Dollars In the majority of cases, this data is sufficient to predict future changes. In 1979 a currency confiscation took place. 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. 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. 100 Canadian to USD. 1 Input your amount. The fast and reliable converter shows how much you would get when exchanging one US Dollar to Ghana Cedi. Our currency converter will show you the current rate and how its changed over the past day, week or month. Alternatively, you may try converting US Dollars to Ghanaian Cedis. Compare our rate and fee with Western Union, ICICI Bank, WorldRemit and more, and see the difference for yourself. Be on the lookout for any changes, ready up-to-date. The current exchange rate is equivalent to 0.0848. 10 Million Won to USD. 1 Million GHS to USD - Ghanaian Cedis to US Dollars Compare our rate and fee with Western Union, ICICI Bank, WorldRemit and more, and see the difference for yourself. Ghana: oil contribution to GDP 2014-2024 | Statista 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. USD 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. 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. 1,000,000.00 Get in touch with us now. The cedi bore the portrait of the President and was equivalent to eight shillings and four pence (8s 4d), i.e. You should conduct your own research, review, The low point was 7.4527 Ghanaian Cedis per US Dollar on May 3, 2022. The new cedi was gradually phased out in 2007 in favor of the "Ghana cedi" at an exchange rate of 1:10,000. The word cedi is derived from the Akan word for cowry shell which were once used in Ghana as a form of currency. Dollar (USD) to Ghanaian cedi (GHS) Currency Converter For the basic conversion, we use the midpoint between the buy and sell rates of GHS to USD at currency exchanges across the globe. Don't forget to look at and compare exchange rates from other banks available from 2 sources. one hundred old pence, so that 1 pesewa was equal to one penny. Today's Value of 14,000,000 Dollars in Ghana Cedi is 164,505,460 (GHS). 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. 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. provides the information in its best way. 11.7000 Mid-market rate. 16.59 USD. For the basic conversion, we use the midpoint between the buy and sell rates of GHS to USD at currency exchanges across the globe. 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 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. Be on the lookout for any changes, ready up-to-date. The signature on the notes also changes when a new governor takes over the management of the Bank of Ghana. The average exchange rate over this period was 10.670 Ghanaian Cedis per US Dollar. 1.5 Billion GHS to USD - Ghanaian Cedis to US Dollars. However, within months, the second cedi was devalued to a rate of 2.45 = 1stg, less than the initial value of the first cedi. Our smart tech means were more efficient which means you get a great rate. 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. GHS Simply type in the box how much you want to convert. Click on the drop-downs to select the currencies you want to convert between. 2 Choose your currencies. The symbol for the currency is "GH", used as a prefix. 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. 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 Dollars to Ghanaian Cedis. You should conduct your own research, review, The Ghanaian Cedi is the currency of Ghana. 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. DISCLAIMER: All content provided herein our website is for your general information only, procured from third party sources. = 11,750,390.00 In 1965, Ghana decided to leave the British colonial monetary system and adopt the widely accepted decimal system. 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. GHS - Ghanaian Cedi rates, news, and tools | Xe 1 US dollar to Ghanaian cedis Exchange Rate. A second confiscation took place in 1982, when the 50 note (the highest denomination) was demonetized. Below, you'll find Ghanaian Cedi rates and a currency converter. Alternatively, you may try converting Ghanaian Cedis to US Dollars. -1.36%. Online interactive currency converter & calculator ensures provding actual conversion information of world currencies according to Open Exchange Rates and 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 exchange rate used for the USD/GHS currency pair was : 11.75. According to the mid-point between the "buy" and "sell" from global currency markets. [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-). 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. 2 Choose your currencies. Click on the drop-downs to select the currencies you want to convert between. 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. Recipient gets (Total after fees) Transfer fee. 23245.57 GHS Save up to 185.57 GHS. The word "cedi" derives from the African word for . Simply type in the box how much you want to convert. 10 Million USD to GHS - US Dollar to Ghana Cedi - Currency Converter X Convert 1 US Dollar to Ghana Cedi using latest Foreign Currency Exchange Rates. Wise gives you the real, mid-market, exchange rate, so you can make huge savings on your international money transfers. US dollars to Ghanaian cedis Exchange Rate. The amount is in words: One Million (GHS), One Million Ghanaian cedis 00 pesewas. [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]. GHC (Ghanaian Cedi) Definition - Investopedia 13.93 USD. Over the last 7 days, the best beneficial exchange rate was 11,942,394.00. 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 third Cedi has been losing value continuously since it was introduced. Inverse: 1,000,000.00 USD = 11,789,686.00 GHS. This is for informational purposes only. Today's Value of 1,000,000 Dollars in Ghana Cedi is 10,750,057 (GHS). [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). 11537.02 GHS Save up to 419.51 GHS. Check send rates US Dollar Ghanaian Cedi conversion Last updated Apr 29, 2023, 07:56 UTC Convert US Dollar to Ghanaian Cedi They add hidden markups to their exchange rates - charging you more without your knowledge. it into the desired position in your websites HTML source code. 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". Our currency converter is simple to use and also shows the latest currency rates. As of today at 01:00AM UTC one billion five hundred million ghanaian cedis is equal to $127,229,851.58 (USD) or one hundred twenty-seven million two hundred twenty-nine thousand eight hundred fifty-one us dollars 58 cents. 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. Convert 1000000 US Dollar to Ghana Cedi using latest Foreign Currency Exchange Rates. How to convert US dollars to Ghanaian cedis. Banks and traditional providers often have extra costs, which they pass to you by marking up the exchange rate. GHS Inverse: 1,000,000.00 GHS = 84,819.90 USD. The second cedi was initially pegged to sterling at a rate of 2 = 1stg. Any use of our content is solely at your own risk and discretion. For the basic conversion, we use the midpoint between the buy and sell rates of USD to GHS at currency . After the February 1966 military coup, the new leaders wanted to remove the face of Nkrumah from the banknotes. [3] From January 2008 old banknotes could only be exchanged at banks and were no longer legal tender. After the 50 note confiscation, fears existed that the government could also confiscate the 20 or even the 10 notes. As a result, the US Dollar has The exchange rate used for the USD/GHS currency pair was : 11.75. Currency Information. The porcelain-like shells came to West Africa, beginning in the 14th century, through trade with Arab merchants. Wise US Inc is authorized to operate in most states. one hundred old pence, so that 1 pesewa was equal to one penny. 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 1 Input your amount. 1 GHS to USD - Ghanaian Cedis to US Dollars Exchange Rate - Xe Every time. [7], Due to its negligible purchasing power, the one pesewa coin is rarely seen in circulation. Youll now see the value of the converted currency according to the most recent exchange rate. The exchange rate of the United . Inverse: 1,500,000,000.00 USD = 17,684,529,000.00 GHS, Best 1,500,000,000 GHS to USD Exchange Rate. USD The Monetaria moneta or money cowry is not native to West African waters but is a common species in the Indian Ocean. [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 the majority of cases, this data is sufficient to predict future changes. 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). The Ghanaian New Cedi was introduced on July 3, 2007 and is equal to 10,000 old (Second) Cedis. 1.5 Billion GHS to USD - Ghanaian Cedis to US Dollars By removing four digits, the Ghana cedi became the highest-denominated currency unit issued in Africa. Many other Ghanaians received "promise payment notes" from the banks, but never received compensation. Online interactive currency converter & calculator ensures provding actual conversion information of world currencies according to Open Exchange Rates and Converter X provides up-to-date exchange rates on global currencies based on Open Exchange Rates.

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