The average exchange rate over this period was 10.670 Ghanaian Cedis per US Dollar. One Ghanaian New Cedi is divided into one hundred Ghana pesewas. Ghanaian cedi - Wikipedia US dollars to Ghanaian cedis Exchange Rate. Convert USD/GHS - Wise A number of Ghanaian New Cedi coins have also been issued in Sika denominations. The currency converter shows the conversion of 1 US Dollars to Cedis as of today price. US dollars to Ghanaian cedis Exchange Rate. Convert USD/GHS - Wise = 11,750,390.00 We use cookies to personalize content, ads and to analyze our traffic. It is the fourth historical and only current legal tender in the Republic of Ghana. Inverse: 1,000,000.00 GHS = 84,819.90 USD. Wise never hides fees in the exchange rate. 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. 1.5 Billion GHS to USD - Ghanaian Cedis to US Dollars Currency Rate Change; EUR / USD: . The fast and reliable converter shows how much you would get when exchanging one million US Dollar to Ghana Cedi. 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 GHS -1.36%. Coins and bank accounts were unaffected. 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 exchange rate used for the NGN/GHS currency pair was : .026. 1 Million Dollars to Ghana Cedis - 1 Million USD to GHS - Fx Rates Live Cowries (plural of cowry) were formerly used as currency in what is now Ghana. 10 US dollars to Ghanaian cedis Exchange Rate. Convert USD/GHS - Wise 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. Every time. Click on the drop-downs to select the currencies you want to convert between. 13.93 USD. 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. 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. [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). [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]. Today's Value of 1,000,000 Dollars Be on the lookout for any changes, ready up-to-date. The symbol for the currency is "GH", used as a prefix. 1 USD to GHS - Convert $1 US Dollar to Ghana Cedi - Currency Converter X 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. The US Dollar is Over the last 7 days, the best beneficial exchange rate was $127,229,851.58. Banks and traditional providers often have extra costs, which they pass to you by marking up the exchange rate. Over the last 7 days, the best beneficial exchange rate was $84,819.90. By removing four digits, the Ghana cedi became the highest-denominated currency unit issued in Africa. Click on the drop-downs to select the currencies you want to convert between. Online interactive currency converter & calculator ensures provding actual conversion information of world currencies according to Open Exchange Rates and Type the amount, select the original currency and the currency to which you want the amount to be converted. for even more real-time currency quotes or try to apply technical analysis tools on interactive charts. 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. Convert 1000000 US Dollar to Ghana Cedi using latest Foreign Currency Exchange Rates. This confiscation was publicly justified as a means to create a disincentive for the flourishing black market. The exchange rate used for the USD/GHS currency pair was : 11.75. Last rates updated 2023-04-29. 1 Input your amount. For the basic conversion, we use the midpoint between the buy and sell rates of GHS to USD at currency exchanges across the globe. 3 That's it. The current exchange rate is equivalent to 0.0848. Ghana's first President Dr. Kwame Nkrumah introduced Cedi notes and Pesewa coins in July 1965 to replace the Ghanaian pounds, shillings and pence. [7], Due to its negligible purchasing power, the one pesewa coin is rarely seen in circulation. This chart will allow users to see the USD/GHS oscillation, and look at last year's data. 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. You won't receive this rate when sending money. Ghanaian Cedi. It was the highest-valued currency unit issued by sovereign countries in Africa in 2007. 1 US Dollar = 11.776 Ghanaian Cedis as of May 1, 2023 5:10:00 AM UTC. As a result, the US Dollar has up +401.16% 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. 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 exchange rate of the United . , Feb 2, 2023. 100 US Dollars = 1,178.97 Ghanaian Cedis as of May 2, 2023 1:15:00 AM UTC. The porcelain-like shells came to West Africa, beginning in the 14th century, through trade with Arab merchants. Our currency converter will show you the current rate and how it's changed over the past day, week or month. Over 70 million downloads worldwide. Convert 1 US Dollar to Ghana Cedi using latest Foreign Currency Exchange Rates. Be on the lookout for any changes, ready up-to-date. The table shows the data and analysis of the variations. Our smart tech means were more efficient which means you get a great rate. 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. Live Currency Rates. [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. 1 US dollar to Ghanaian cedis - Wise 100 Canadian to USD. Convert from Ghana Cedi (GHS) to United States Dollar (USD) 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. Today's Value of 1,000,000 Nigerian Naira in Ghana Cedi is 25,514.91 (GHS). 4.5/5, 2.2k ratings. How to convert US dollars to Ghanaian cedis. -0.3982. Currency Information. The word cedi is the Akan word for cowry shell. The exchange rate used for the USD/GHS currency pair was : 11.75. Also, you can make a reverse calculation and find out the current value of 300000 Cedis in United States Dollars. Check send rates Ghanaian Cedi to US Dollar conversion Last updated Apr 30, 2023, 10:48 UTC Convert Ghanaian Cedi to US Dollar 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. History. Exchange-Rates.org 2023 MBH Media, Inc. Current conversion is actual and use latest exchange rate of United States Dollar and Ghanaian Cedi currencies. The list is sorted at the top, from left to right, in descending order. Check send rates US Dollar Ghanaian Cedi conversion Last updated Apr 29, 2023, 07:56 UTC Convert US Dollar to Ghanaian Cedi The first modern coins exclusively used at the Gold Coast were produced in 1796 but cowries were used alongside coins and gold dust as currency until 1901.[1]. Converter X provides up-to-date exchange rates on global currencies based on Open Exchange Rates. 2000 US dollars to Ghanaian cedis - Wise Also, its best to convert US Dollars to Ghanaian Cedis early in the week if you need Ghanaian Cedis urgently. Type the amount, select the original currency and the currency to which you want the amount to be converted. -41.27%. 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. 28.7863. DISCLAIMER: All content provided herein our website is for your general information only, procured from third party sources. 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. 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. GHS | Ghanaian New Cedi | OANDA 23245.57 GHS Save up to 185.57 GHS. 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 . 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 A second confiscation took place in 1982, when the 50 note (the highest denomination) was demonetized. Over the last 7 days, the best beneficial exchange rate was 11,942,394.00. Check out the market overview Our currency converter will show you the current rate and how it's changed over the past day, week or month. The cedi (/sidi/ SEE-dee) (currency sign: GH; currency code: GHS) is the unit of currency of Ghana. 1 US Dollar = 11.790 Ghanaian Cedis as of May 2, 2023 1:15:00 AM UTC. Converter X provides up-to-date exchange rates on global currencies based on Open Exchange Rates. 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. one hundred old pence, so that 1 pesewa was equal to one penny. provides the information in its best way. For the basic conversion, we use the midpoint between the buy and sell rates of GHS to USD at currency exchanges across the globe. one hundred old pence, so that 1 pesewa was equal to one penny. 1 GHS to USD - Ghanaian Cedis to US Dollars Exchange Rate - Xe Reverse : 14000000 GHS to USD, This website uses cookies to ensure you get the best experience on our website. 2 Choose your currencies. Today's Value of 1,000,000 Dollars in Ghana Cedi is 10,750,057 (GHS). Our currency converter will show you the current rate and how it's changed over the past day, week or month. USD We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. The USD/GHS rate is up +56.84%. Compared to yesterday, the cost 1,000,000 of the cedis remains unchanged. Using this website, you can find the current exchange rate for the Ghanaian cedi and a calculator to convert from Ghanaian cedis to Dollars. [13][14], The Bank of Ghana has been issuing all Ghanaian coins since 1958. Banks and other transfer services have a dirty little secret. Get in touch with us now. Convert 1 US Dollars to Cedis - (USD in GHS) 5000 . 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. 10 Million Won to 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 . 2 Choose your currencies. Recipient gets (Total after fees) Transfer fee. The exchange rate used for the USD/GHS currency pair was : 11.75. 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. 1.5 Billion GHS to USD - Ghanaian Cedis to US Dollars. The low point was 7.4527 Ghanaian Cedis per US Dollar on May 3, 2022. Exchange rates can fluctuate by the minute while markets are open. The currency code for Cedis is GHS, and the currency symbol is GH. The currency code for Ghanaian Cedis is GHS. 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. Ghanaian cedis to US dollars Exchange Rate. Convert GHS/USD - Wise The word "cedi" derives from the African word for . The new republic's first independent currency was the Ghanaian pound (19581965). Check the latest currency exchange rates for the US Dollar, Ghanaian Cedi and all major world currencies. CFA Franc to Ghanaian Cedi Exchange Rate Chart | Xe The government decided to "cut" four zeros off the currency by switching to the third cedi. Convert United States Dollar To Ghanaian Cedi - Forbes You should conduct your own research, review, Simply enter the amount of USD you want to convert to GHS in the box labeled "Amount", and youre done! The Ghanaian cedi (ISO code: GHS), is the official currency of Ghana. We give you the real rate, independently provided by Reuters. Inverse: 1,500,000,000.00 USD = 17,684,529,000.00 GHS, Best 1,500,000,000 GHS to USD Exchange Rate. USD 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 In the other states, the program is sponsored by Community Federal Savings Bank, to which we're a service provider. We partner with the most popular currency and cryptocurrency data providers worldwide to bring you the most recent quotes for all major cryptocurrencies. In the majority of cases, this data is sufficient to predict future changes. 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. This website uses cookies to ensure you get the best experience on our website, "https://www.currencyconverterx.com/pic-USD-GHS". The Monetaria moneta or money cowry is not native to West African waters but is a common species in the Indian Ocean. Compare our rate and fee with Western Union, ICICI Bank, WorldRemit and more, and see the difference for yourself. Select the period for plotting the chart. analyse and verify our content before relying on them. The word cedi is derived from the Akan word for cowry shell which were once used in Ghana as a form of currency. You can use this calculator offline while travelling in Ghana. Our currency converter is simple to use and also shows the latest currency rates. 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. $1 = 10.82 +0.05 (+0.46%) at the rate on 2023-04-08. Ghana: oil contribution to GDP 2014-2024 | Statista Exchange-rates.org is a currency and cryptocurrency converter tool and data provider used by millions of people across the globe every month. . 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 third Cedi has been losing value continuously since it was introduced. Alternatively, you may try converting US Dollars to Ghanaian Cedis. Youll now see the value of the converted currency according to the most recent exchange rate. After the February 1966 military coup, the new leaders wanted to remove the face of Nkrumah from the banknotes. The exchange rate used for the USD/GHS currency pair was : 10.75. year to date against the Ghanaian Cedi. 11537.02 GHS Save up to 419.51 GHS. 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. was 14.627 Ghanaian Cedis per US Dollar on November 28, 2022. Ghanaians, in theory, could exchange any number of 50 notes for coins or other banknotes without loss, but foreigners could not make any exchange. In 1991, 10, 20, 50, and 100 cedi coins were introduced, followed by 200 and 500 cedis in 1996. 1 Million USD to GHS - US Dollars to Ghanaian Cedis. 1 USD . GHS 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. 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 USD to GHS - US Dollars to Ghanaian Cedis Exchange Rate - Xe We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. 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. This chart will allow users to see the GHS/USD oscillation, and look at last year's data. As of today at 05:00AM UTC one million us dollars is equal to 10,888,605.00 (GHS) or ten million eight hundred eighty-eight thousand six hundred five ghanaian cedis. Today's Value of 14,000,000 Dollars analyse and verify our content before relying on them. The current exchange rate is equivalent to 0.0848. Set an alert now, and well tell you when it gets better. In 1965, Ghana decided to leave the British colonial monetary system and adopt the widely accepted decimal system. The. [3] From January 2008 old banknotes could only be exchanged at banks and were no longer legal tender. In the second half of 2007 both the second and third cedi were legal tender as the old currency was being gradually withdrawn. gained The African name Cedi (19651967) was introduced in place of the old British pound system. For the basic conversion, we use the midpoint . The new cedi was gradually phased out in 2007 in favor of the "Ghana cedi" at an exchange rate of 1:10,000. You should conduct your own research, review, 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. in Ghana Cedi is 164,505,460 (GHS). Recipient gets (Total after fees) Transfer fee. Our currency converter will show you the current rate and how its changed over the past day, week or month. Click on the drop-downs to select the currencies you want to convert between. The cedi's value continued to be eaten away on the black market. The signature on the notes also changes when a new governor takes over the management of the Bank of Ghana. it into the desired position in your websites HTML source code. Wise US Inc is authorized to operate in most states. Sponsored 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. The US Dollar is currently stronger than the Ghanaian Cedi given that 1 USD is equal to 11.790 GHS. In the majority of cases, this data is sufficient to predict future changes. For the basic conversion, we use the midpoint between the buy and sell rates of USD to GHS at currency . Ghana's first President Dr. Kwame Nkrumah introduced Cedi notes and Pesewa coins in July 1965 to replace the Ghanaian pounds, shillings and pence. 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]. This chart will allow users to see the GHS/USD oscillation, and look at last year's data. This process ended in 1990 with a free float of the cedi against foreign currencies. The fast and reliable converter shows how much you would get when exchanging one US Dollar to Ghana Cedi. 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. US dollars to Ghanaian cedis Exchange Rate. 1.0000 USD = 11.790 GHS May 2, 2023 01:15 AM UTC. Sending 1000.00 USD with. Sponsored The amount is in words: One Million (GHS), One Million Ghanaian cedis 00 pesewas. This is for informational purposes only. 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". 3 That's it. 16.59 USD. 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. They add hidden markups to their exchange rates - charging you more without your knowledge. This allowed a decimal conversion with the pound, namely 2 second cedis = 1 pound. Apr/27. The Ghanaian Cedi is the currency of Ghana. After independence, Ghana separated itself from the British West African pound, which was the currency of the British colonies in the region. DISCLAIMER: All content provided herein our website is for your general information only, procured from third party sources. 1 Million USD to GHS - US Dollars to Ghanaian Cedis Conversely, 1 GHS is worth 0.08482 USD. Popular US Dollar (USD) Pairings. Simply type in the box how much you want to convert. The table shows the data and analysis of the variations. 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). How much is 1 million Ghanaian cedis to US Dollars In the last 10 years, the US Dollar is 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. 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.

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