100 US Dollars = 1,178.97 Ghanaian Cedis as of May 2, 2023 1:15:00 AM UTC. Inverse: 1,500,000,000.00 USD = 17,684,529,000.00 GHS, Best 1,500,000,000 GHS to USD Exchange Rate. 2 Choose your currencies. 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. The USD/GHS rate is up +56.84%. USD We partner with the most popular currency and cryptocurrency data providers worldwide to bring you the most recent quotes for all major cryptocurrencies. 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. 1.5 Billion GHS to USD - Ghanaian Cedis to US Dollars 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. 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 US dollar to Ghanaian cedis - Wise 28.7863. 1 US dollar to Ghanaian cedis Exchange Rate. 2 Choose your currencies. 14 Million USD to GHS. 1 US Dollar = 11.790 Ghanaian Cedis as of May 2, 2023 1:15:00 AM UTC. = 11,750,390.00 Recipient gets (Total after fees) Transfer fee. The exchange rate used for the USD/GHS currency pair was : 11.75. The US Dollar is currently stronger than the Ghanaian Cedi given that 1 USD is equal to 11.790 GHS. Our smart tech means were more efficient which means you get a great rate. The signature on the notes also changes when a new governor takes over the management of the Bank of Ghana. 3 That's it. The current exchange rate is equivalent to 11.7897. In the other states, the program is sponsored by Community Federal Savings Bank, to which we're a service provider. Be on the lookout for any changes, ready up-to-date. US dollars to Ghanaian cedis Exchange Rate. Convert USD/GHS - Wise GHC: The currency abbreviation for the Ghanaian cedi - the official currency of the Republic of Ghana. The Ghanaian cedi (ISO code: GHS), is the official currency of Ghana. 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. -1.36%. Youll now see the value of the converted currency according to the most recent exchange rate. 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 allowed a decimal conversion with the pound, namely 2 second cedis = 1 pound. By 1983 the cedi was worth about 120 to one U.S. dollar on the black market, a pack of cigarettes cost about 150 (if they could be found), but the bank rate continued at 2.80 = $1.00. 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 highest rate from US Dollars to Ghanaian Cedis was on November 28, 2022 when each US Dollar was worth GH14.627. 11.7000 Mid-market rate. [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. In the majority of cases, this data is sufficient to predict future changes. The exchange rate used for the USD/GHS currency pair was : 11.75. You should conduct your own research, review, 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. This is for informational purposes only. Reverse : 1000000 GHS to USD, This website uses cookies to ensure you get the best experience on our website. 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 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. Sending 1000.00 USD with. 3.8/5, 90.8k ratings. How to convert Ghanaian cedis to US dollars. Wise never hides fees in the exchange rate. 2 Choose your currencies. They add hidden markups to their exchange rates - charging you more without your knowledge. $1 = 10.82 +0.05 (+0.46%) at the rate on 2023-04-08. 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. CFA Franc to Ghanaian Cedi Exchange Rate Chart | Xe 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. 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. 5000 . 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]. High inflation ensued, and so the cedi was re-pegged at 2.80 = $1.00. year to date against the Ghanaian Cedi. 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. Our currency rankings show that the most popular Ghanaian Cedi exchange rate is the GHS to USD rate. 1 US Dollar = 11.776 Ghanaian Cedis as of May 1, 2023 5:10:00 AM UTC. 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. up +18.00% 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 Ghanaian Cedi is the currency of Ghana. 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. 1 GH = 100 pesewa Symbol GH The cedi is the unit of currency of Ghana. 4.5/5, 2.2k ratings. The exchange rate of the United . 2000 US dollars to Ghanaian cedis - Wise Simply type in the box how much you want to convert. 1 Million USD to GHS - US Dollars to Ghanaian Cedis. The word cedi is derived from the Akan word for cowry shell which were once used in Ghana as a form of currency. A second confiscation took place in 1982, when the 50 note (the highest denomination) was demonetized. 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. 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]. 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. Current tool convert USD in GHS using live average market currency rates. 1 USD in GHS: 10 days history. 2000 Euros to US Dollars. Explore the account used by 13 million people to live, work, travel and transfer money worldwide. GHC (Ghanaian Cedi) Definition - Investopedia Over the last 7 days, the best beneficial exchange rate was $84,819.90. Banks and traditional providers often have extra costs, which they pass to you by marking up the exchange rate. which aggregates real-time forex data from the most authoritative sources. [6] The devaluation was temporarily halted in the last quarter of 2014 as the currency stabilized due to a pending IMF bailout of Ghana. . [3] From January 2008 old banknotes could only be exchanged at banks and were no longer legal tender. The exchange rate used for the USD/GHS currency pair was : 11.75. The Bank of Ghana has been issuing all Ghanaian banknotes since 1958. How much is 1 million Ghanaian cedis to US Dollars . DISCLAIMER: All content provided herein our website is for your general information only, procured from third party sources. 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 In 1965, Ghana decided to leave the British colonial monetary system and adopt the widely accepted decimal system. 11537.02 GHS Save up to 419.51 GHS. Convert 1000000 US Dollar to Ghana Cedi using latest Foreign Currency Exchange Rates. You won't receive this rate when sending money. one hundred old pence, so that 1 pesewa was equal to one penny. 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. The cedi bore the portrait of the President and was equivalent to eight shillings and four pence (8s 4d), i.e. The table shows the data and analysis of the variations. Convert from Ghana Cedi (GHS) to United States Dollar (USD) The change also provided an opportunity to remove Kwame Nkrumah's image from coins and notes. , Feb 2, 2023. GHS Get in touch with us now. Exchange rates can fluctuate by the minute while markets are open. Over the last 30 days, we have recorded a fluctuation index is "very high" and a volatility of 21.69%. Exchange rate (1 USD GHS) Cheapest. US dollars to Ghanaian cedis Exchange Rate. Convert USD/GHS - Wise [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. Coins and bank accounts were unaffected. 10 Million Won to USD. 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 Type the amount, select the original currency and the currency to which you want the amount to be converted. And with our daily summaries, youll never miss out on the latest news. The currency symbol is GH. Many other Ghanaians received "promise payment notes" from the banks, but never received compensation. The currency code for Ghanaian Cedis is GHS. The GHC was introduced on July 3, 2007. up +401.16% The current exchange rate is equivalent to 0.0848. Conversely, 1 GHS is worth 0.08482 USD. 1.5 Billion GHS to USD - Ghanaian Cedis to US Dollars. This website uses cookies to ensure you get the best experience on our website, "https://www.currencyconverterx.com/pic-USD-GHS". In the majority of cases, this data is sufficient to predict future changes. And if they have a fee, they charge you twice. 1 thousand US dollars to Ghanaian cedis - Wise provides the information in its best way. Simply type in the box how much you want to convert. 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. 1 Million USD to GHS - US Dollar to Ghana Cedi - Currency Converter X 16.59 USD. To view rates between the US Dollar and the Ghanaian Cedi for a particular year, click on one of the links below. 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. Cowries (plural of cowry) were formerly used as currency in what is now Ghana. Our currency converter will show you the current rate and how it's changed over the past day, week or month. 1 Million Naira to Ghana Cedis | 1 Million NGN to GHS - Fx Rates Live Compare our rate and fee with Western Union, ICICI Bank, WorldRemit and more, and see the difference for yourself. 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. Click on the drop-downs to select the currencies you want to convert between. gained purchasing power compared to Ghanaian Cedi over the last 10 years. Also, its best to convert US Dollars to Ghanaian Cedis early in the week if you need Ghanaian Cedis urgently. 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. The currency code for Cedis is GHS, and the currency symbol is GH. 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. for even more real-time currency quotes or try to apply technical analysis tools on interactive charts. Compared to yesterday, the cost 1,000,000 of the cedis remains unchanged. 10 Million USD to GHS - US Dollar to Ghana Cedi - Currency Converter X 1 Million GHS to USD - Ghanaian Cedis to US Dollars Click to copy to clipboard. You won't receive this rate when sending money. analyse and verify our content before relying on them. 1 USD . [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]. [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. Inverse: 1,000,000.00 USD = 11,789,686.00 GHS. [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). 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. We use cookies to personalize content, ads and to analyze our traffic. Be on the lookout for any changes, ready up-to-date. The third Cedi has been losing value continuously since it was introduced. 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 This chart will allow users to see the GHS/USD oscillation, and look at last year's data. This confiscation was publicly justified as a means to create a disincentive for the flourishing black market. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. 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 . Convert 1 US Dollar to Ghana Cedi using latest Foreign Currency Exchange Rates. We give you the real rate, independently provided by Reuters. Currency Information. This is for informational purposes only. 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. The exchange rate used for the USD/GHS currency pair was : 10.75. Current conversion is actual and use latest exchange rate of United States Dollar and Ghanaian Cedi currencies. 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. USD Any use of our content is solely at your own risk and discretion. 300000 USD = 3,536,905.80 GHS at the rate on 2023-05-02. Exchange rate (1 USD GHS) Cheapest. 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. [12] The exchange rate as of 24October2022[update] was about GH15 per U.S. The Monetaria moneta or money cowry is not native to West African waters but is a common species in the Indian Ocean. For the basic conversion, we use the midpoint between the buy and sell rates of USD to GHS at currency exchanges across the globe. Over the last 7 days, the best beneficial exchange rate was 11,942,394.00. Converter X provides up-to-date exchange rates on global currencies based on Open Exchange Rates. dollar. Wise US Inc is authorized to operate in most states. This chart will allow users to see the GHS/USD oscillation, and look at last year's data. one hundred old pence, so that 1 pesewa was equal to one penny. 300,000 USD = 3,247,283.40 GHS at the rate on 2023-04-08. For the basic conversion, we use the midpoint . Converter X provides up-to-date exchange rates on global currencies based on Open Exchange Rates. Ghana's first President Dr. Kwame Nkrumah introduced Cedi notes and Pesewa coins in July 1965 to replace the Ghanaian pounds, shillings and pence. provides the information in its best way. Popular US Dollar (USD) Pairings. Don't forget to look at and compare exchange rates from other banks available from 2 sources. Sponsored This process ended in 1990 with a free float of the cedi against foreign currencies. Click on the drop-downs to select the currencies you want to convert between. To add USD to GHS #widget to your website, you simply need to copy the code below and paste GHS Ghana: oil contribution to GDP 2014-2024 | Statista The second cedi was initially pegged to sterling at a rate of 2 = 1stg.