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100 Canadian to USD. [6] The devaluation was temporarily halted in the last quarter of 2014 as the currency stabilized due to a pending IMF bailout of Ghana. 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. How much is 1 million Ghanaian cedis to US Dollars The current exchange rate is equivalent to 11.7897. 1 USD . 1 US Dollar = 11.790 Ghanaian Cedis as of May 2, 2023 1:15:00 AM UTC. 1 USD to GHS - US Dollars to Ghanaian Cedis Exchange Rate - Xe The Ghanaian cedi (ISO code: GHS), is the official currency of Ghana. Exchange rates can fluctuate by the minute while markets are open. Ghanaians, in theory, could exchange any number of 50 notes for coins or other banknotes without loss, but foreigners could not make any exchange. One Ghana cedi is divided into one hundred pesewas (Gp). The GHC was introduced on July 3, 2007. 16.59 USD. After independence, Ghana separated itself from the British West African pound, which was the currency of the British colonies in the region. 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. Check send rates US Dollar Ghanaian Cedi conversion Last updated Apr 29, 2023, 07:56 UTC Convert US Dollar to Ghanaian Cedi Compare our rate and fee with Western Union, ICICI Bank, WorldRemit and more, and see the difference for yourself. 4.5/5, 2.2k ratings. In the majority of cases, this data is sufficient to predict future changes. 1 Million USD to GHS - US Dollar to Ghana Cedi - Currency Converter X Click to copy to clipboard. 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. 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. This chart will allow users to see the GHS/USD oscillation, and look at last year's data. [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. Simply enter the amount of USD you want to convert to GHS in the box labeled "Amount", and youre done! Ghanaian cedi - Wikipedia The cedi (/sidi/ SEE-dee) (currency sign: GH; currency code: GHS) is the unit of currency of Ghana. It was the highest-valued currency unit issued by sovereign countries in Africa in 2007. Weve been featured in some of the most reputable financial publications in the world, including Business Insider, Investopedia and Coindesk. 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. And if they have a fee, they charge you twice. Don't forget to look at and compare exchange rates from other banks available from 2 sources. Banks and other transfer services have a dirty little secret. 10 US dollars to Ghanaian cedis Exchange Rate. Convert USD/GHS - Wise Convert Ghana Cedi to Ghana Cedi | GHS to GHS Currency Converter 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. Over the last 7 days, the best beneficial exchange rate was 11,942,394.00. , Feb 2, 2023. 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. 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. 10 Million USD to GHS - US Dollar to Ghana Cedi - Currency Converter X USD to GHS Convert US Dollars to Ghanaian Cedis - Exchange-Rates.org 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. Check send rates Ghanaian Cedi to US Dollar conversion Last updated Apr 30, 2023, 10:48 UTC Convert Ghanaian Cedi to US Dollar 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 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. which aggregates real-time forex data from the most authoritative sources. 1 Million USD to GHS - US Dollars to Ghanaian Cedis Convert from Ghana Cedi (GHS) to United States Dollar (USD) 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 . Inverse: 1,000,000.00 GHS = 84,819.90 USD. This chart will allow users to see the USD/GHS oscillation, and look at last year's data. Live Currency Rates. Our smart tech means were more efficient which means you get a great rate. Also, its best to convert US Dollars to Ghanaian Cedis early in the week if you need Ghanaian Cedis urgently. one hundred old pence, so that 1 pesewa was equal to one penny. Some coins are held back and released years after they are issued. The symbol for the currency is "GH", used as a prefix. For the basic conversion, we use the midpoint between the buy and sell rates of USD to GHS at currency . Convert 1000000 US Dollar to Ghana Cedi using latest Foreign Currency Exchange Rates. The porcelain-like shells came to West Africa, beginning in the 14th century, through trade with Arab merchants. was 14.627 Ghanaian Cedis per US Dollar on November 28, 2022. 1 Million Naira to Ghana Cedis | 1 Million NGN to GHS - Fx Rates Live Today's Value of 1,000,000 Nigerian Naira in Ghana Cedi is 25,514.91 (GHS). Exchange rate (1 USD GHS) Cheapest. This allowed a decimal conversion with the pound, namely 2 second cedis = 1 pound. This means that in the general circulation there are worn out coins and coins in mint condition from the same issuing year. 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. [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. 100 US Dollars = 1,178.97 Ghanaian Cedis as of May 2, 2023 1:15:00 AM UTC. 1 Million GHS to USD - Ghanaian Cedis to US Dollars It is the fourth historical and only current legal tender in the Republic of Ghana. 1.5 Billion GHS to USD - Ghanaian Cedis to US Dollars. 1 Input your amount. You won't receive this rate when sending money. Ghana: oil contribution to GDP 2014-2024 | Statista 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. To add USD to GHS #widget to your website, you simply need to copy the code below and paste Receive daily email about the USD GHS exchange rate. The word cedi is derived from the Akan word for cowry shell which were once used in Ghana as a form of currency. This is for informational purposes only. The first cedi was introduced in 1965, replacing the pound at a rate of 2.4cedi = 1pound, or 1pesewa = 1penny. 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). And with our daily summaries, youll never miss out on the latest news. 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]. Alternatively, you may try converting US Dollars to Ghanaian Cedis. Today's Value of 14,000,000 Dollars in Ghana Cedi is 164,505,460 (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. 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. 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. In the majority of cases, this data is sufficient to predict future changes. Sponsored 23245.57 GHS Save up to 185.57 GHS. 2000 US dollars to Ghanaian cedis - Wise The low point was 7.4527 Ghanaian Cedis per US Dollar on May 3, 2022. Coins and bank accounts were unaffected. Type the amount, select the original currency and the currency to which you want the amount to be converted. 1.5 Billion GHS to USD - 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. 14 Million USD to GHS. 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". 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. Set an alert now, and well tell you when it gets better. [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 exchange rate used for the NGN/GHS currency pair was : .026. [13][14], The Bank of Ghana has been issuing all Ghanaian coins since 1958. The second cedi was initially pegged to sterling at a rate of 2 = 1stg. US dollars to Ghanaian cedis Exchange Rate. Convert USD/GHS - Wise 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. 1 US Dollar = 11.776 Ghanaian Cedis as of May 1, 2023 5:10:00 AM UTC. This chart shows data from 2022-5-2 to 2023-5-1. Convert 1 US Dollar to Ghana Cedi using latest Foreign Currency Exchange Rates. How to convert US dollars to Ghanaian cedis. [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. 300000 USD = 3,536,905.80 GHS at the rate on 2023-05-02. 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. Conversely, 1 GHS is worth 0.08482 USD. 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 new republic's first independent currency was the Ghanaian pound (19581965). The cedi bore the portrait of the President and was equivalent to eight shillings and four pence (8s 4d), i.e. Get in touch with us now. One Ghanaian New Cedi is divided into one hundred Ghana pesewas. This process ended in 1990 with a free float of the cedi against foreign currencies. You won't receive this rate when sending money. Convert 1 US Dollars to Cedis - (USD in GHS) Cowries (plural of cowry) were formerly used as currency in what is now Ghana. GHC (Ghanaian Cedi) Definition - Investopedia The word cedi is the Akan word for cowry shell. US dollars to Ghanaian cedis Exchange Rate. Online interactive currency converter & calculator ensures provding actual conversion information of world currencies according to Open Exchange Rates and For the basic conversion, we use the midpoint between the buy and sell rates of USD to GHS at currency exchanges across the globe. Recipient gets (Total after fees) Transfer fee. Inverse: 1,000,000.00 USD = 11,789,686.00 GHS. 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 1,000,000.00 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 exchange rate used for the USD/GHS currency pair was : 11.75. Last rates updated 2023-04-29. By removing four digits, the Ghana cedi became the highest-denominated currency unit issued in Africa. In 1979 a currency confiscation took place. [22] Such changes are frequent and are not covered in this list. In 1965, Ghana decided to leave the British colonial monetary system and adopt the widely accepted decimal system. Wise never hides fees in the exchange rate. Beware of bad exchange rates.Banks and traditional providers often have extra costs, which they pass to you by marking up the exchange rate.