Convert from Ghana Cedi (GHS) to United States Dollar (USD) 23245.57 GHS Save up to 185.57 GHS. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. 1 Million GHS to USD - Ghanaian Cedis to US Dollars You can use this calculator offline while travelling in Ghana. USD 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. After the 50 note confiscation, the 20 note was the highest cedi denomination, but had a street value of only about $0.35 (U.S.). 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. dollar. 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. [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. The word "cedi" derives from the African word for . Our smart tech means were more efficient which means you get a great rate. 2 Choose your currencies. Alternatively, you may try converting US Dollars to Ghanaian Cedis. Today's Value of 1,000,000 Dollars in Ghana Cedi is 10,750,057 (GHS). 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 . Our currency converter will show you the current rate and how it's changed over the past day, week or month. Over the last 7 days, the best beneficial exchange rate was 11,942,394.00. Online interactive currency converter & calculator ensures provding actual conversion information of world currencies according to Open Exchange Rates and In the majority of cases, this data is sufficient to predict future changes. The currency code for Ghanaian Cedis is GHS. 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 Type the amount, select the original currency and the currency to which you want the amount to be converted. 1 Input your amount. The second cedi was initially pegged to sterling at a rate of 2 = 1stg. 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. Exchange-Rates.org 2023 MBH Media, Inc. Exchange rates can fluctuate by the minute while markets are open. This is for informational purposes only. You can get live exchange rates between US Dollars and Ghanaian Cedis using exchange-rates.org, GHC: The currency abbreviation for the Ghanaian cedi - the official currency of the Republic of Ghana. 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. A number of Ghanaian coins have also been issued in Sika denomination, and may have no legal tender status. 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. 1 Million USD to GHS - US Dollar to Ghana Cedi - Currency Converter X 5000 . This is for informational purposes only. 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. -1.36%. Our currency converter is simple to use and also shows the latest currency rates. Simply type in the box how much you want to convert. History. Also, its best to convert US Dollars to Ghanaian Cedis early in the week if you need Ghanaian Cedis urgently. 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. At the end of December 2007, more than 90% of all old coins and notes had been withdrawn. Wise never hides fees in the exchange rate. Every time. 300000 USD = 3,536,905.80 GHS at the rate on 2023-05-02. 1 US dollar to Ghanaian cedis - Wise analyse and verify our content before relying on them. The cedi bore the portrait of the President and was equivalent to eight shillings and four pence (8s 4d), i.e. 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). According to the mid-point between the "buy" and "sell" from global currency markets. The Ghanaian Cedi is the currency of Ghana. 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. This process ended in 1990 with a free float of the cedi against foreign currencies. [3] From January 2008 old banknotes could only be exchanged at banks and were no longer legal tender. Banks often advertise free or low-cost transfers, but add a hidden markup to the exchange rate. US dollars to Ghanaian cedis Exchange Rate. Convert USD/GHS - Wise Over the last 30 days, we have recorded a fluctuation index is "very high" and a volatility of 21.69%. The Bank of Ghana has been issuing all Ghanaian banknotes since 1958. 1.00 Ghanaian Cedi = 0.08 6180237 US Dollars 1 USD = 11.6036 GHS We use the mid-market rate for our Converter. Be on the lookout for any changes, ready up-to-date. 1 GHS to USD - Ghanaian Cedis to US Dollars Exchange Rate - Xe 2 Choose your currencies. The word cedi is the Akan word for cowry shell. 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. The Ghanaian cedi (ISO code: GHS), is the official currency of Ghana. The GHC was introduced on July 3, 2007. Over the last 7 days, the best beneficial exchange rate was $84,819.90. 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. 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. Compare our rate and fee with Western Union, ICICI Bank, WorldRemit and more, and see the difference for yourself. The exchange rate used for the NGN/GHS currency pair was : .026. $1 = 10.82 +0.05 (+0.46%) at the rate on 2023-04-08. This means the US Dollar has increased in value compared to the Ghanaian Cedi. The current exchange rate is equivalent to 11.7897. Our smart tech means were more efficient which means you get a great rate. In 1991, 10, 20, 50, and 100 cedi coins were introduced, followed by 200 and 500 cedis in 1996. in Ghana Cedi is 164,505,460 (GHS). The cedi's value continued to be eaten away on the black market. 1.5 Billion GHS to USD - Ghanaian Cedis to US Dollars in Ghana Cedi is 11,750,390 (GHS). High inflation ensued, and so the cedi was re-pegged at 2.80 = $1.00. 1 US Dollar = 11.776 Ghanaian Cedis as of May 1, 2023 5:10:00 AM UTC. 14 Million USD to GHS. CFA Franc to Ghanaian Cedi Exchange Rate Chart | Xe 1 USD . Convert Ghana Cedi to Ghana Cedi | GHS to GHS Currency Converter It was the highest-valued currency unit issued by sovereign countries in Africa in 2007. Last rates updated 2023-04-29. You won't receive this rate when sending money. To add USD to GHS #widget to your website, you simply need to copy the code below and paste 2000 Euros to US Dollars. Inverse: 1,000,000.00 GHS = 84,819.90 USD. Popular US Dollar (USD) Pairings. This fear, along with inflation running at about 100% annually, started causing Ghanaians to lose their faith in their country's own currency. You should conduct your own research, review, 1 USD to GHS - Convert $1 US Dollar to Ghana Cedi - Currency Converter X The average exchange rate over this period was 10.670 Ghanaian Cedis per US Dollar. one hundred old pence, so that 1 pesewa was equal to one penny. In the majority of cases, this data is sufficient to predict future changes. Current tool convert USD in GHS using live average market currency rates. And if they have a fee, they charge you twice. 1 Input your amount. = 11,750,390.00 Currency Information. How to convert Ghanaian cedis to US dollars. [citation needed]. The US Dollar is currently stronger than the Ghanaian Cedi given that 1 USD is equal to 11.790 GHS. Click to copy to clipboard. The list is sorted at the top, from left to right, in descending order. 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. 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 currency code for Cedis is GHS, and the currency symbol is GH. The fast and reliable converter shows how much you would get when exchanging one million US Dollar to Ghana Cedi. Select the period for plotting the chart. DISCLAIMER: All content provided herein our website is for your general information only, procured from third party sources. Compare our rate and fee with Western Union, ICICI Bank, WorldRemit and more, and see the difference for yourself. For the basic conversion, we use the midpoint between the buy and sell rates of USD to GHS at currency . We partner with the most popular currency and cryptocurrency data providers worldwide to bring you the most recent quotes for all major cryptocurrencies. Only coins that have been or are in general circulation are included in this list. In 1979 a currency confiscation took place. 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. USD to GHS Convert US Dollars to Ghanaian Cedis - Exchange-Rates.org The low point was 7.4527 Ghanaian Cedis per US Dollar on May 3, 2022. Click on the drop-downs to select the currencies you want to convert between. Find out the best rate in banks for GHS/USD exchange rates below. Convert 1000000 US Dollar to Ghana Cedi using latest Foreign Currency Exchange Rates. Converter X provides up-to-date exchange rates on global currencies based on Open Exchange Rates. 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. British pounds sterling to Ghanaian cedis - Wise 300,000 USD = 3,247,283.40 GHS at the rate on 2023-04-08. The government decided to "cut" four zeros off the currency by switching to the third cedi. GHS It is the fourth historical and only current legal tender in the Republic of Ghana. The table shows the data and analysis of the variations. Receive daily email about the USD GHS exchange rate. The table shows the data and analysis of the variations. 1 Million USD to GHS - US Dollars to Ghanaian Cedis. USD Today's Value of 14,000,000 Dollars in Ghana Cedi is 164,505,460 (GHS). The amount is in words: One Million (GHS), One Million Ghanaian cedis 00 pesewas. 1.0000 USD = 11.790 GHS May 2, 2023 01:15 AM UTC. Convert 1 US Dollars to Cedis - (USD in GHS) Over 70 million downloads worldwide. [7], Due to its negligible purchasing power, the one pesewa coin is rarely seen in circulation. Current conversion is actual and use latest exchange rate of United States Dollar and Ghanaian Cedi currencies. 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 USD to GHS at currency exchanges across the globe. Check send rates Ghanaian Cedi to US Dollar conversion Last updated Apr 30, 2023, 10:48 UTC Convert Ghanaian Cedi to US Dollar In the other states, the program is sponsored by Community Federal Savings Bank, to which we're a service provider. The African name Cedi (19651967) was introduced in place of the old British pound system. Our currency rankings show that the most popular Ghanaian Cedi exchange rate is the GHS to USD rate. Type the amount, select the original currency and the currency to which you want the amount to be converted. Online interactive currency converter & calculator ensures provding actual conversion information of world currencies according to Open Exchange Rates and Exchange-rates.org is a currency and cryptocurrency converter tool and data provider used by millions of people across the globe every month. Currency Rate Change; EUR / USD: . For the basic conversion, we use the midpoint . 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. 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. They add hidden markups to their exchange rates - charging you more without your knowledge. [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. 1,000,000.00 1.5 Billion GHS to USD - Ghanaian Cedis to US Dollars. Today's Value of 1,000,000 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. Ghana: oil contribution to GDP 2014-2024 | Statista The fast and reliable converter shows how much you would get when exchanging one US Dollar to Ghana Cedi. Simply enter the amount of USD you want to convert to GHS in the box labeled "Amount", and youre done! Ghana's first President Dr. Kwame Nkrumah introduced Cedi notes and Pesewa coins in July 1965 to replace the Ghanaian pounds, shillings and pence. 10 Million Won to USD. up +18.00% 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. In the majority of cases, this data is sufficient to predict future changes. This confiscation was publicly justified as a means to create a disincentive for the flourishing black market. By removing four digits, the Ghana cedi became the highest-denominated currency unit issued in Africa. Simply type in the box how much you want to convert. Sponsored We give you the real rate, independently provided by Reuters. Over the last 7 days, the best beneficial exchange rate was $127,229,851.58. After the 50 note confiscation, fears existed that the government could also confiscate the 20 or even the 10 notes. was 14.627 Ghanaian Cedis per US Dollar on November 28, 2022. In the second half of 2007 both the second and third cedi were legal tender as the old currency was being gradually withdrawn. Many other Ghanaians received "promise payment notes" from the banks, but never received compensation. [12] The exchange rate as of 24October2022[update] was about GH15 per U.S. Apr/27. The word cedi is derived from the Akan word for cowry shell which were once used in Ghana as a form of currency. Our currency converter will show you the current rate and how it's changed over the past day, week or month. Sending 2000.00 USD with. 1 thousand US dollars to Ghanaian cedis - Wise The USD/GHS rate is up +56.84%. 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 current exchange rate is equivalent to 0.0848. The table shows the data and analysis of the variations. The Ghanaian New Cedi was introduced on July 3, 2007 and is equal to 10,000 old (Second) Cedis. Be on the lookout for any changes, ready up-to-date. 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. 1 Million Dollars to Ghana Cedis - 1 Million USD to GHS - Fx Rates Live US dollars to Ghanaian cedis Exchange Rate. Convert USD/GHS - Wise The first cedi was introduced in 1965, replacing the pound at a rate of 2.4cedi = 1pound, or 1pesewa = 1penny. Any use of our content is solely at your own risk and discretion. 16.59 USD. 4.5/5, 2.2k ratings. However, within months, the second cedi was devalued to a rate of 2.45 = 1stg, less than the initial value of the first cedi. 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. Convert 1 US Dollar to Ghana Cedi using latest Foreign Currency Exchange Rates. it into the desired position in your websites HTML source code. 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. 1 Input your amount. Ghanaian cedis to US dollars Exchange Rate. Convert GHS/USD - Wise = 164,505,460.00 Dollar (USD) to Ghanaian cedi (GHS) Currency Converter 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. The exchange rate used for the USD/GHS currency pair was : 11.75. GHS Beware of bad exchange rates.Banks and traditional providers often have extra costs, which they pass to you by marking up the exchange rate. gained 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. To view rates between the US Dollar and the Ghanaian Cedi for a particular year, click on one of the links below. Don't forget to look at and compare exchange rates from other banks available from 2 sources. 13.93 USD. These six denominations were still in circulation until 2007. 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]. In the last 10 years, the US Dollar is In 2014, the inflation rose rapidly as the value of the third cedi fell to a fourth of its original value. Also, you can make a reverse calculation and find out the current value of 300000 Cedis in United States Dollars. The first cedi was replaced in 1967 by a "new cedi" which was worth 1.2 first cedis. The Monetaria moneta or money cowry is not native to West African waters but is a common species in the Indian Ocean. Alternatively, you may try converting Ghanaian Cedis to US Dollars. Ghanaian cedi - Wikipedia Sponsored The cedi (/sidi/ SEE-dee) (currency sign: GH; currency code: GHS) is the unit of currency of Ghana. 28.7863. One Ghanaian New Cedi is divided into one hundred Ghana pesewas. 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. The high point for the USD/GHS rate -41.27%. 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. provides the information in its best way. 1 USD to GHS - US Dollars to Ghanaian Cedis Exchange Rate - Xe 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 chart will allow users to see the USD/GHS oscillation, and look at last year's data. for even more real-time currency quotes or try to apply technical analysis tools on interactive charts.

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