1 Dollar to Ghana Cedis Now
Current Exchange Rate
As of the latest update, the exchange rate from 1 USD (United States Dollar) to GHS (Ghana Cedi) is:
1 USD = 5.95 GHS
Please note that exchange rates can fluctuate constantly due to market conditions and other economic factors. This rate may not be valid at the time of reading.
History of the Exchange Rate
The exchange rate between the US Dollar and Ghana Cedi has experienced significant changes over the years. In the past 5 years, the rate has seen a downward trend, with some occasional fluctuations. Here's a brief overview of the exchange rate over the past few years:
- 2020: 1 USD = 5.75 GHS (average rate)
- 2019: 1 USD = 5.50 GHS (average rate)
- 2018: 1 USD = 4.80 GHS (average rate)
- 2017: 1 USD = 4.30 GHS (average rate)
- 2016: 1 USD = 3.80 GHS (average rate)
Factors Affecting the Exchange Rate
Several factors can influence the exchange rate between the US Dollar and Ghana Cedi, including:
Economic Indicators
- Inflation rates
- GDP growth
- Interest rates
- Employment rates
** Political Stability**
- Government policies
- Elections
- Political unrest
Global Events
- Trade wars
- Natural disasters
- Pandemics
Market Sentiment
- Investor confidence
- Speculation
- Market trends
Conclusion
The exchange rate between the US Dollar and Ghana Cedi is constantly changing due to various economic and political factors. It's essential to stay informed about the current exchange rate and its fluctuations to make informed decisions when conducting international transactions or investing in Ghana.
