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. 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". Ghanaians, in theory, could exchange any number of 50 notes for coins or other banknotes without loss, but foreigners could not make any exchange. Our currency converter will show you the current rate and how it's changed over the past day, week or month. Some coins are held back and released years after they are issued. Wise gives you the real, mid-market, exchange rate, so you can make huge savings on your international money transfers. Ghanaian Cedi. 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. 1.00 Ghanaian Cedi = 0.08 6180237 US Dollars 1 USD = 11.6036 GHS We use the mid-market rate for our Converter. Weve been featured in some of the most reputable financial publications in the world, including Business Insider, Investopedia and Coindesk. How to convert US dollars to Ghanaian cedis. This is for informational purposes only. [12] The exchange rate as of 24October2022[update] was about GH15 per U.S. The current exchange rate is equivalent to 0.0848. New banknotes were issued which were exchanged for old ones at a rate of 10 old notes for 7 new ones. 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. -0.3982. [13][14], The Bank of Ghana has been issuing all Ghanaian coins since 1958. This website uses cookies to ensure you get the best experience on our website, "https://www.currencyconverterx.com/pic-USD-GHS". Today's Value of 1,000,000 Dollars in Ghana Cedi is 10,750,057 (GHS). Converter X provides up-to-date exchange rates on global currencies based on Open Exchange Rates. The currency converter shows the conversion of 1 US Dollars to Cedis as of today price. The Ghanaian New Cedi was introduced on July 3, 2007 and is equal to 10,000 old (Second) Cedis. 1 Input your amount. 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. Today's Value of 1,000,000 Dollars for even more real-time currency quotes or try to apply technical analysis tools on interactive charts. [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). 14 Million USD to GHS. To view rates between the US Dollar and the Ghanaian Cedi for a particular year, click on one of the links below. Current tool convert USD in GHS using live average market currency rates. 1.00 US Dollar = 11.78 2487 Ghanaian Cedis 1 GHS = 0.0848717 USD We use the mid-market rate for our Converter. Convert 1000000 US Dollar to Ghana Cedi using latest Foreign Currency Exchange Rates. The US Dollar is currently stronger than the Ghanaian Cedi given that 1 USD is equal to 11.790 GHS. one hundred old pence, so that 1 pesewa was equal to one penny. 3.8/5, 90.8k ratings. The government decided to "cut" four zeros off the currency by switching to the third cedi. Simply type in the box how much you want to convert. 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. 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. Sponsored GHS In the majority of cases, this data is sufficient to predict future changes. The low point was 7.4527 Ghanaian Cedis per US Dollar on May 3, 2022. Today's Value of 1,000,000 Nigerian Naira in Ghana Cedi is 25,514.91 (GHS). 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. You won't receive this rate when sending money. . The first cedi was pegged to sterling at a rate of 2.4cedis = 1pound or 8s 4d per cedi. For the basic conversion, we use the midpoint . 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. it into the desired position in your websites HTML source code. 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. This confiscation was publicly justified as a means to create a disincentive for the flourishing black market. 100 Canadian to USD. It was the highest-valued currency unit issued by sovereign countries in Africa in 2007. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. 1,000,000.00 2000 Euros to US Dollars. Exchange-rates.org is a currency and cryptocurrency converter tool and data provider used by millions of people across the globe every month. The first cedi was replaced in 1967 by a "new cedi" which was worth 1.2 first cedis. 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. 2 Choose your currencies. You should conduct your own research, review, 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. This chart shows data from 2022-5-2 to 2023-5-1. The USDGHS spot exchange rate specifies how much one currency, the USD, is currently worth in terms of the other, the GHS. 1.0000 USD = 11.790 GHS May 2, 2023 01:15 AM UTC. The symbol for the currency is "GH", used as a prefix. We give you the real rate, independently provided by Reuters. up +401.16% The currency code for Ghanaian Cedis is GHS. 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. GHC: The currency abbreviation for the Ghanaian cedi - the official currency of the Republic of Ghana. The table shows the data and analysis of the variations. This allowed a decimal conversion with the pound, namely 2 second cedis = 1 pound. 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]. This chart will allow users to see the GHS/USD oscillation, and look at last year's data. Current conversion is actual and use latest exchange rate of United States Dollar and Ghanaian Cedi currencies. Sending 1000.00 USD with. It is the fourth historical and only current legal tender in the Republic of Ghana. -1.36%. You can use this calculator offline while travelling in Ghana. 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. The exchange rate used for the NGN/GHS currency pair was : .026. 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. [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. 3 That's it. in Ghana Cedi is 11,750,390 (GHS). Also, you can make a reverse calculation and find out the current value of 300000 Cedis in United States Dollars. Over the last 7 days, the best beneficial exchange rate was 11,942,394.00. Compared to yesterday, the cost 1,000,000 of the cedis remains unchanged. According to the mid-point between the "buy" and "sell" from global currency markets. And if they have a fee, they charge you twice. However, within months, the second cedi was devalued to a rate of 2.45 = 1stg, less than the initial value of the first cedi. $1 = 10.82 +0.05 (+0.46%) at the rate on 2023-04-08. against the Ghanaian Cedi. The exchange rate of the United . Live Currency Rates. Banks often advertise free or low-cost transfers, but add a hidden markup to the exchange rate. How to convert US dollars to Ghanaian cedis. 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. 4.5/5, 2.2k ratings. Simply type in the box how much you want to convert. In the other states, the program is sponsored by Community Federal Savings Bank, to which we're a service provider. Alternatively, you may try converting US Dollars to Ghanaian Cedis. In the majority of cases, this data is sufficient to predict future changes. Our currency rankings show that the most popular Ghanaian Cedi exchange rate is the GHS to USD rate. In the last 10 years, the US Dollar is More Ghanaian Cedi info. purchasing power compared to Ghanaian Cedi over the last 10 years. The Monetaria moneta or money cowry is not native to West African waters but is a common species in the Indian Ocean. Our currency converter will show you the current rate and how its changed over the past day, week or month. 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]. analyse and verify our content before relying on them. The exchange rate used for the USD/GHS currency pair was : 11.75. Apr/27. 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. 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. 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 The Ghanaian Cedi is the currency of Ghana. 1 US Dollar = 11.776 Ghanaian Cedis as of May 1, 2023 5:10:00 AM UTC. Type the amount, select the original currency and the currency to which you want the amount to be converted. The fast and reliable converter shows how much you would get when exchanging one US Dollar to Ghana Cedi. Wise US Inc is authorized to operate in most states. The Ghanaian cedi (ISO code: GHS), is the official currency of Ghana. 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. Check out the market overview 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. Click on the drop-downs to select the currencies you want to convert between. 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. Over the last 7 days, the best beneficial exchange rate was $84,819.90. 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. USD Convert 1 US Dollar to Ghana Cedi using latest Foreign Currency Exchange Rates. analyse and verify our content before relying on them. Inverse: 1,500,000,000.00 USD = 17,684,529,000.00 GHS, Best 1,500,000,000 GHS to USD Exchange Rate. As a result, the US Dollar has One Ghanaian New Cedi is divided into one hundred Ghana pesewas. Our currency converter will show you the current rate and how it's changed over the past day, week or month. The word cedi is the Akan word for cowry shell. In 1965, Ghana decided to leave the British colonial monetary system and adopt the widely accepted decimal system. Sponsored Set an alert now, and well tell you when it gets better. 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. The US Dollar is Over the last 7 days, the best beneficial exchange rate was $127,229,851.58. At the end of December 2007, more than 90% of all old coins and notes had been withdrawn. You won't receive this rate when sending money. 300,000 USD = 3,247,283.40 GHS at the rate on 2023-04-08. Any use of our content is solely at your own risk and discretion. Find out the best rate in banks for GHS/USD exchange rates below. Converter X provides up-to-date exchange rates on global currencies based on Open Exchange Rates. = 11,750,390.00 For the basic conversion, we use the midpoint between the buy and sell rates of USD to GHS at currency . one hundred old pence, so that 1 pesewa was equal to one penny. Using this website, you can find the current exchange rate for the Ghanaian cedi and a calculator to convert from Ghanaian cedis to Dollars. 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. Currency Rate Change; EUR / USD: . in Ghana Cedi is 164,505,460 (GHS). This means the US Dollar has increased in value compared to the Ghanaian Cedi. Wise never hides fees in the exchange rate. Be on the lookout for any changes, ready up-to-date. In 2014, the inflation rose rapidly as the value of the third cedi fell to a fourth of its original value. [7], Due to its negligible purchasing power, the one pesewa coin is rarely seen in circulation. Our currency converter will show you the current rate and how it's changed over the past day, week or month. Compare our rate and fee with Western Union, ICICI Bank, WorldRemit and more, and see the difference for yourself. The table shows the data and analysis of the variations. This chart will allow users to see the USD/GHS oscillation, and look at last year's data. Many other Ghanaians received "promise payment notes" from the banks, but never received compensation. -41.27%. 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. The. 14,000,000.00 Get in touch with us now. To add USD to GHS #widget to your website, you simply need to copy the code below and paste 1 Million USD to GHS - US Dollars to Ghanaian 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. Exchange rates can fluctuate by the minute while markets are open. . 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. This process ended in 1990 with a free float of the cedi against foreign currencies. 2 Choose your currencies. Over 70 million downloads worldwide. [22] Such changes are frequent and are not covered in this list. , Feb 2, 2023. Popular US Dollar (USD) Pairings. The current exchange rate is equivalent to 0.0848. The list is sorted at the top, from left to right, in descending order. Youll now see the value of the converted currency according to the most recent exchange rate. Every time. 100 US Dollars = 1,178.97 Ghanaian Cedis as of May 2, 2023 1:15:00 AM UTC. The word cedi is derived from the Akan word for cowry shell which were once used in Ghana as a form of currency. The amount is in words: One Million (GHS), One Million Ghanaian cedis 00 pesewas. which aggregates real-time forex data from the most authoritative sources. 1 USD . Below, you'll find Ghanaian Cedi rates and a currency converter. The current exchange rate is equivalent to 11.7897. 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. In 1991, 10, 20, 50, and 100 cedi coins were introduced, followed by 200 and 500 cedis in 1996. The exchange rate used for the USD/GHS currency pair was : 10.75. up +18.00% Be on the lookout for any changes, ready up-to-date. 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. Banks and other transfer services have a dirty little secret. Only coins that have been or are in general circulation are included in this list. 1 US dollar to Ghanaian cedis Exchange Rate. A second confiscation took place in 1982, when the 50 note (the highest denomination) was demonetized. 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. US dollars to Ghanaian cedis Exchange Rate. The USD/GHS rate is up +56.84%. Our currency converter is simple to use and also shows the latest currency rates. = 164,505,460.00 DISCLAIMER: All content provided herein our website is for your general information only, procured from third party sources. Don't forget to look at and compare exchange rates from other banks available from 2 sources. 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 Bank of Ghana has been issuing all Ghanaian banknotes since 1958. 11537.02 GHS Save up to 419.51 GHS. The second cedi was initially pegged to sterling at a rate of 2 = 1stg. [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. 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. Last rates updated 2023-04-29. Check send rates Ghanaian Cedi to US Dollar conversion Last updated Apr 30, 2023, 10:48 UTC Convert Ghanaian Cedi to US Dollar 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. Exchange rate (1 USD GHS) Cheapest. DISCLAIMER: All content provided herein our website is for your general information only, procured from third party sources. The African name Cedi (19651967) was introduced in place of the old British pound system. Recipient gets (Total after fees) Transfer fee. provides the information in its best way. 1 Input your amount. One Ghana cedi is divided into one hundred pesewas (Gp). 2 Choose your currencies. 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. Exchange-Rates.org 2023 MBH Media, Inc. Every time. The signature on the notes also changes when a new governor takes over the management of the Bank of Ghana. [3] From January 2008 old banknotes could only be exchanged at banks and were no longer legal tender. The cedi bore the portrait of the President and was equivalent to eight shillings and four pence (8s 4d), i.e. provides the information in its best way. 5000 . 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. The cedi's value continued to be eaten away on the black market. Cowries (plural of cowry) were formerly used as currency in what is now Ghana. 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. [citation needed]. [6] The devaluation was temporarily halted in the last quarter of 2014 as the currency stabilized due to a pending IMF bailout of Ghana. [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. According to the mid-point between the "buy" and "sell" from global currency markets. The table shows the data and analysis of the variations. For the basic conversion, we use the midpoint between the buy and sell rates of USD to GHS at currency exchanges across the globe. Be on the lookout for any changes, ready up-to-date. 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 The third Cedi has been losing value continuously since it was introduced. 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. You can get live exchange rates between US Dollars and Ghanaian Cedis using exchange-rates.org, In the second half of 2007 both the second and third cedi were legal tender as the old currency was being gradually withdrawn. And with our daily summaries, youll never miss out on the latest news. One cedi is divided into one hundred pesewas (Gp). High inflation ensued, and so the cedi was re-pegged at 2.80 = $1.00. The exchange rate used for the USD/GHS currency pair was : 11.75. A number of Ghanaian coins have also been issued in Sika denomination, and may have no legal tender status. 23245.57 GHS Save up to 185.57 GHS. They add hidden markups to their exchange rates - charging you more without your knowledge. Simply type in the box how much you want to convert. Exchange rate (1 USD GHS) Cheapest. The GHC was introduced on July 3, 2007. GHS Ghanaian cedi USD US Dollar Convert 1000000 GHS to USD For one million cedis (GHS) you get today 85,106 dollars 38 cents (USD) at an exchange rate of 0.08511 as of 23:00 PM UTC. Over the last 30 days, we have recorded a fluctuation index is "very high" and a volatility of 21.69%. 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. 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. Also, its best to convert US Dollars to Ghanaian Cedis early in the week if you need Ghanaian Cedis urgently. After the 50 note confiscation, fears existed that the government could also confiscate the 20 or even the 10 notes. Coins and bank accounts were unaffected. . 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. Existing 1 and 2 cedi banknotes remain legal tender, though these denominations will be gradually replaced by coins to reduce costs.
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