Over the last 7 days, the best beneficial exchange rate was $127,229,851.58. 1 Input your amount. The currency code for Cedis is GHS, and the currency symbol is GH. The new republic's first independent currency was the Ghanaian pound (19581965). GHS Some coins are held back and released years after they are issued. The currency code for Ghanaian Cedis is GHS. Converter X provides up-to-date exchange rates on global currencies based on Open Exchange Rates. The new cedi was gradually phased out in 2007 in favor of the "Ghana cedi" at an exchange rate of 1:10,000. 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. The second cedi was initially pegged to sterling at a rate of 2 = 1stg. for even more real-time currency quotes or try to apply technical analysis tools on interactive charts. 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 first cedi was replaced in 1967 by a "new cedi" which was worth 1.2 first cedis. Cowries (plural of cowry) were formerly used as currency in what is now Ghana. -0.3982. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. One Ghana cedi is divided into one hundred pesewas (Gp). Sending 2000.00 USD with. DISCLAIMER: All content provided herein our website is for your general information only, procured from third party sources. The word "cedi" derives from the African word for . 1.5 Billion GHS to USD - Ghanaian Cedis to US Dollars. For the basic conversion, we use the midpoint . The GHC was introduced on July 3, 2007. 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 . This means the US Dollar has increased in value compared to the Ghanaian Cedi. Over 70 million downloads worldwide. They add hidden markups to their exchange rates - charging you more without your knowledge. Youll now see the value of the converted currency according to the most recent exchange rate. The third Cedi has been losing value continuously since it was introduced. 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. [3] From January 2008 old banknotes could only be exchanged at banks and were no longer legal tender. Our smart tech means were more efficient which means you get a great rate. Currency Rate Change; EUR / USD: . 1.0000 USD = 11.790 GHS May 2, 2023 01:15 AM UTC. analyse and verify our content before relying on them. Ghana's first President Dr. Kwame Nkrumah introduced Cedi notes and Pesewa coins in July 1965 to replace the Ghanaian pounds, shillings and pence. Current tool convert USD in GHS using live average market currency rates. The cedi bore the portrait of the President and was equivalent to eight shillings and four pence (8s 4d), i.e. In 2014, the inflation rose rapidly as the value of the third cedi fell to a fourth of its original value. This chart will allow users to see the GHS/USD oscillation, and look at last year's data. 2 Choose your currencies. GHC: The currency abbreviation for the Ghanaian cedi - the official currency of the Republic of Ghana. The Ghanaian Cedi is the currency of Ghana. year to date against the Ghanaian Cedi. The amount is in words: One Million (GHS), One Million Ghanaian cedis 00 pesewas. 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. Reverse : 14000000 GHS to USD, This website uses cookies to ensure you get the best experience on our website. The government decided to "cut" four zeros off the currency by switching to the third cedi. The first cedi was pegged to sterling at a rate of 2.4cedis = 1pound or 8s 4d per cedi. Beware of bad exchange rates.Banks and traditional providers often have extra costs, which they pass to you by marking up the exchange rate. It is the fourth historical and only current legal tender in the Republic of Ghana. Inverse: 1,000,000.00 USD = 11,789,686.00 GHS. This chart will allow users to see the USD/GHS oscillation, and look at last year's data. The current exchange rate is equivalent to 11.7897. As a result, the US Dollar has 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 Click on the drop-downs to select the currencies you want to convert between. The exchange rate used for the USD/GHS currency pair was : 11.75. [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. Sponsored Don't forget to look at and compare exchange rates from other banks available from 2 sources. 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. provides the information in its best way. 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). Our currency converter will show you the current rate and how it's changed over the past day, week or month. You should conduct your own research, review, To add USD to GHS #widget to your website, you simply need to copy the code below and paste The first cedi was introduced in 1965, replacing the pound at a rate of 2.4cedi = 1pound, or 1pesewa = 1penny. 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.). Alternatively, you may try converting Ghanaian Cedis to US Dollars. We partner with the most popular currency and cryptocurrency data providers worldwide to bring you the most recent quotes for all major cryptocurrencies. The table shows the data and analysis of the variations. 1 Million USD to GHS - US Dollars to Ghanaian Cedis. 100 US Dollars = 1,178.97 Ghanaian Cedis as of May 2, 2023 1:15:00 AM UTC. one hundred old pence, so that 1 pesewa was equal to one penny. This chart will allow users to see the GHS/USD oscillation, and look at last year's data. 11537.02 GHS Save up to 419.51 GHS. 13.93 USD. 1 US dollar to Ghanaian cedis Exchange Rate. . We use cookies to personalize content, ads and to analyze our traffic. After the February 1966 military coup, the new leaders wanted to remove the face of Nkrumah from the banknotes. DISCLAIMER: All content provided herein our website is for your general information only, procured from third party sources. 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. Existing 1 and 2 cedi banknotes remain legal tender, though these denominations will be gradually replaced by coins to reduce costs. The word cedi is the Akan word for cowry shell. dollar. After the 50 note confiscation, fears existed that the government could also confiscate the 20 or even the 10 notes. 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 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. Inverse: 1,000,000.00 GHS = 84,819.90 USD. The US Dollar is 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. In the majority of cases, this data is sufficient to predict future changes. The US Dollar is currently stronger than the Ghanaian Cedi given that 1 USD is equal to 11.790 GHS. The high point for the USD/GHS rate You can get live exchange rates between US Dollars and Ghanaian Cedis using exchange-rates.org, Today's Value of 1,000,000 Dollars in Ghana Cedi is 10,750,057 (GHS). This allowed a decimal conversion with the pound, namely 2 second cedis = 1 pound. it into the desired position in your websites HTML source code. up +401.16% 14 Million USD to GHS. In the majority of cases, this data is sufficient to predict future changes. High inflation ensued, and so the cedi was re-pegged at 2.80 = $1.00. 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. 1 Input your amount. And with our daily summaries, youll never miss out on the latest news. The word cedi is derived from the Akan word for cowry shell which were once used in Ghana as a form of currency. Over the last 7 days, the best beneficial exchange rate was $84,819.90. The cedi's value continued to be eaten away on the black market. 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. It has since lost over 90% of its value. The Monetaria moneta or money cowry is not native to West African waters but is a common species in the Indian Ocean. At the end of December 2007, more than 90% of all old coins and notes had been withdrawn. Sending 1000.00 USD with. 1 Input your amount. 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. In the last 10 years, the US Dollar is Reverse : 1000000 GHS to USD, This website uses cookies to ensure you get the best experience on our website. Exchange rates can fluctuate by the minute while markets are open. one hundred old pence, so that 1 pesewa was equal to one penny. 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 US Dollar = 11.790 Ghanaian Cedis as of May 2, 2023 1:15:00 AM UTC. Simply type in the box how much you want to convert. The currency converter shows the conversion of 1 US Dollars to Cedis as of today price. Today's Value of 14,000,000 Dollars in Ghana Cedi is 164,505,460 (GHS). Coins and bank accounts were unaffected. The cedi (/sidi/ SEE-dee) (currency sign: GH; currency code: GHS) is the unit of currency of Ghana. Over the last 30 days, we have recorded a fluctuation index is "very high" and a volatility of 21.69%. For the basic conversion, we use the midpoint between the buy and sell rates of GHS to USD at currency exchanges across the globe. . Our currency converter will show you the current rate and how it's changed over the past day, week or month. [6] The devaluation was temporarily halted in the last quarter of 2014 as the currency stabilized due to a pending IMF bailout of Ghana. 3.8/5, 90.8k ratings. For one million cedis (GHS) you get today 84,819 dollars 90 cents (USD) at an exchange rate of 0.08482 as of 01:00 AM UTC. Check send rates US Dollar Ghanaian Cedi conversion Last updated Apr 29, 2023, 07:56 UTC Convert US Dollar to 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. GHS 11.7000 Mid-market rate. Our currency converter will show you the current rate and how it's changed over the past day, week or month. Banks often advertise free or low-cost transfers, but add a hidden markup to the exchange rate. -1.36%. Sponsored And if they have a fee, they charge you twice. In 1965, Ghana decided to leave the British colonial monetary system and adopt the widely accepted decimal system. Current conversion is actual and use latest exchange rate of United States Dollar and Ghanaian Cedi currencies. The fast and reliable converter shows how much you would get when exchanging one million US Dollar to Ghana Cedi. 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. The currency symbol is GH. Simply type in the box how much you want to convert. Converter X provides up-to-date exchange rates on global currencies based on Open Exchange Rates. Convert 1000000 US Dollar to Ghana Cedi using latest Foreign Currency Exchange Rates. 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. To view rates between the US Dollar and the Ghanaian Cedi for a particular year, click on one of the links below. Check send rates Ghanaian Cedi to US Dollar conversion Last updated Apr 30, 2023, 10:48 UTC Convert Ghanaian Cedi to US Dollar The exchange rate used for the USD/GHS currency pair was : 11.75. Inverse: 1,500,000,000.00 USD = 17,684,529,000.00 GHS, Best 1,500,000,000 GHS to USD Exchange Rate. Type the amount, select the original currency and the currency to which you want the amount to be converted. History. Recipient gets (Total after fees) Transfer fee. 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. -41.27%. According to the mid-point between the "buy" and "sell" from global currency markets. 4.5/5, 2.2k ratings. 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. which aggregates real-time forex data from the most authoritative sources. 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. 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. The current exchange rate is equivalent to 0.0848. The exchange rate used for the NGN/GHS currency pair was : .026. gained 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. The change also provided an opportunity to remove Kwame Nkrumah's image from coins and notes. Exchange rate (1 USD GHS) Cheapest. The symbol for the currency is "GH", used as a prefix. Be on the lookout for any changes, ready up-to-date. For the basic conversion, we use the midpoint between the buy and sell rates of GHS to USD at currency exchanges across the globe. You won't receive this rate when sending money. The exchange rate of the United . Ghanaian Cedi. 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. One cedi is divided into one hundred pesewas (Gp). 1.00 US Dollar = 11.78 2487 Ghanaian Cedis 1 GHS = 0.0848717 USD We use the mid-market rate for our Converter. We give you the real rate, independently provided by Reuters. 1 GH = 100 pesewa Symbol GH The cedi is the unit of currency of Ghana. 2 Choose your currencies. 3 That's it. 1 Million Won to USD. Last rates updated 2023-04-29.
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