You can use this calculator offline while travelling in Ghana. Our currency converter is simple to use and also shows the latest currency rates. Today's Value of 1,000,000 Dollars in Ghana Cedi is 10,750,057 (GHS). For the basic conversion, we use the midpoint between the buy and sell rates of GHS to USD at currency exchanges across the globe. 1 Input your amount. The porcelain-like shells came to West Africa, beginning in the 14th century, through trade with Arab merchants. The exchange rate of the United . Today's Value of 1,000,000 Nigerian Naira in Ghana Cedi is 25,514.91 (GHS). Sending 2000.00 USD with. This means that in the general circulation there are worn out coins and coins in mint condition from the same issuing year. Ghanaian Cedi 2023 Data - 2007-2022 Historical - TRADING ECONOMICS Current conversion is actual and use latest exchange rate of United States Dollar and Ghanaian Cedi currencies. -0.3982. Ghanaian cedis to US dollars Exchange Rate. Convert GHS/USD - Wise The exchange rate used for the USD/GHS currency pair was : 11.75. 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. 1 GHS to USD - Ghanaian Cedis to US Dollars Exchange Rate - Xe [6] The devaluation was temporarily halted in the last quarter of 2014 as the currency stabilized due to a pending IMF bailout of Ghana. Live Currency Rates. 1 Input your amount. After independence, Ghana separated itself from the British West African pound, which was the currency of the British colonies in the region. As a result, the US Dollar has It was the highest-valued currency unit issued by sovereign countries in Africa in 2007. 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. [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. In the majority of cases, this data is sufficient to predict future changes. which aggregates real-time forex data from the most authoritative sources. 2 Choose your currencies. The US Dollar is currently stronger than the Ghanaian Cedi given that 1 USD is equal to 11.790 GHS. Wise gives you the real, mid-market, exchange rate, so you can make huge savings on your international money transfers. Our smart tech means were more efficient which means you get a great rate. In 1979 a currency confiscation took place. 3.8/5, 90.8k ratings. provides the information in its best way. Cowries (plural of cowry) were formerly used as currency in what is now Ghana. The Ghanaian Cedi is the currency of Ghana. How much is 1 million Ghanaian cedis to US Dollars 14 Million USD to GHS - 14000000 Dollars to Ghana Cedi 1.5 Billion GHS to USD - Ghanaian Cedis to US Dollars Ghanaian cedi - Wikipedia The average exchange rate over this period was 10.670 Ghanaian Cedis per US Dollar. In the majority of cases, this data is sufficient to predict future changes. Our currency converter will show you the current rate and how it's changed over the past day, week or month. Also, you can make a reverse calculation and find out the current value of 300000 Cedis in United States Dollars. The word "cedi" derives from the African word for . 1.00 US Dollar = 11.78 2487 Ghanaian Cedis 1 GHS = 0.0848717 USD We use the mid-market rate for our Converter. US dollars to Ghanaian cedis Exchange Rate. Convert USD/GHS - Wise Simply type in the box how much you want to convert. Also, its best to convert US Dollars to Ghanaian Cedis early in the week if you need Ghanaian Cedis urgently. 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. 300,000 USD = 3,247,283.40 GHS at the rate on 2023-04-08. How to convert Ghanaian cedis to US dollars. The cedi's value continued to be eaten away on the black market. [13][14], The Bank of Ghana has been issuing all Ghanaian coins since 1958. How to convert US dollars to Ghanaian cedis. 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. This is for informational purposes only. Over the last 7 days, the best beneficial exchange rate was 11,942,394.00. The current exchange rate is equivalent to 0.0848. 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. Find out the best rate in banks for GHS/USD exchange rates below. gained 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 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. In the second half of 2007 both the second and third cedi were legal tender as the old currency was being gradually withdrawn. Inverse: 1,000,000.00 USD = 11,789,686.00 GHS. The fast and reliable converter shows how much you would get when exchanging one million US Dollar to Ghana Cedi. British pounds sterling to Ghanaian cedis - Wise How to convert US dollars to Ghanaian cedis. The exchange rate used for the USD/GHS currency pair was : 11.75. 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. Weve been featured in some of the most reputable financial publications in the world, including Business Insider, Investopedia and Coindesk. Select the period for plotting the chart. 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. The change also provided an opportunity to remove Kwame Nkrumah's image from coins and notes. 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. 16.59 USD. Our smart tech means were more efficient which means you get a great rate. Simply type in the box how much you want to convert. Our currency rankings show that the most popular Ghanaian Cedi exchange rate is the GHS to USD rate. in Ghana Cedi is 11,750,390 (GHS). dollar. DISCLAIMER: All content provided herein our website is for your general information only, procured from third party sources. You should conduct your own research, review, 5000 . Ghanaians, in theory, could exchange any number of 50 notes for coins or other banknotes without loss, but foreigners could not make any exchange. This confiscation was publicly justified as a means to create a disincentive for the flourishing black market. 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. one hundred old pence, so that 1 pesewa was equal to one penny. 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. 1 USD to GHS - US Dollars to Ghanaian Cedis Exchange Rate - Xe 300000 USD = 3,536,905.80 GHS at the rate on 2023-05-02. USD against the Ghanaian Cedi. 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). up +18.00% 300000 United States Dollars (USD) to Ghana Cedis (GHS) today This process ended in 1990 with a free float of the cedi against foreign currencies. in Ghana Cedi is 164,505,460 (GHS). Recipient gets (Total after fees) Transfer fee. The signature on the notes also changes when a new governor takes over the management of the Bank of Ghana. Explore the account used by 13 million people to live, work, travel and transfer money worldwide. 2000 US dollars to Ghanaian cedis - Wise The word cedi is the Akan word for cowry shell. 1 USD in GHS: 10 days history. Some coins are held back and released years after they are issued. 1,000,000.00 Any use of our content is solely at your own risk and discretion. Exchange rate (1 USD GHS) Cheapest. Many other Ghanaians received "promise payment notes" from the banks, but never received compensation. 1.0000 USD = 11.790 GHS May 2, 2023 01:15 AM UTC. 10 Million Won to USD. This chart will allow users to see the GHS/USD oscillation, and look at last year's data. Over 70 million downloads worldwide. 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 . According to the mid-point between the "buy" and "sell" from global currency markets. 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. Click on the drop-downs to select the currencies you want to convert between. , Feb 2, 2023. -41.27%. GHC: The currency abbreviation for the Ghanaian cedi - the official currency of the Republic of Ghana. In 1991, 10, 20, 50, and 100 cedi coins were introduced, followed by 200 and 500 cedis in 1996. Ghana: oil contribution to GDP 2014-2024 | Statista In 1965, Ghana decided to leave the British colonial monetary system and adopt the widely accepted decimal system. They add hidden markups to their exchange rates - charging you more without your knowledge. Wise US Inc is authorized to operate in most states. Ghanaian Cedi. Get in touch with us now.
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