in Ghana Cedi is 11,750,390 (GHS). Be on the lookout for any changes, ready up-to-date. Over the last 7 days, the best beneficial exchange rate was $84,819.90. 1,000,000.00 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 Million Won to USD. 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. 1.5 Billion GHS to USD - Ghanaian Cedis to US Dollars. Online interactive currency converter & calculator ensures provding actual conversion information of world currencies according to Open Exchange Rates and GHS . The exchange rate used for the USD/GHS currency pair was : 11.75. Banks and traditional providers often have extra costs, which they pass to you by marking up the exchange rate. 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. 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. The Monetaria moneta or money cowry is not native to West African waters but is a common species in the Indian Ocean. Exchange-rates.org is a currency and cryptocurrency converter tool and data provider used by millions of people across the globe every month. The currency symbol is GH. In 2014, the inflation rose rapidly as the value of the third cedi fell to a fourth of its original value. Today's Value of 14,000,000 Dollars Any use of our content is solely at your own risk and discretion. Apr/27. 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 1 US Dollar to Ghana Cedi using latest Foreign Currency Exchange Rates. Our smart tech means were more efficient which means you get a great rate. Click on the drop-downs to select the currencies you want to convert between. Check send rates US Dollar Ghanaian Cedi conversion Last updated Apr 29, 2023, 07:56 UTC Convert US Dollar to Ghanaian Cedi [22] Such changes are frequent and are not covered in this list. Inverse: 1,000,000.00 USD = 11,789,686.00 GHS. The word cedi is derived from the Akan word for cowry shell which were once used in Ghana as a form of currency. For the basic conversion, we use the midpoint between the buy and sell rates of GHS to USD at currency exchanges across the globe. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. The third Cedi has been losing value continuously since it was introduced. Banks often advertise free or low-cost transfers, but add a hidden markup to the exchange rate. In 1991, 10, 20, 50, and 100 cedi coins were introduced, followed by 200 and 500 cedis in 1996. The exchange rate used for the NGN/GHS currency pair was : .026. Over the last 7 days, the best beneficial exchange rate was $127,229,851.58. 1 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 code for Cedis is GHS, and the currency symbol is GH. By removing four digits, the Ghana cedi became the highest-denominated currency unit issued in Africa. Simply enter the amount of USD you want to convert to GHS in the box labeled "Amount", and youre done! Below, you'll find Ghanaian Cedi rates and a currency converter. 1.00 Ghanaian Cedi = 0.08 6180237 US Dollars 1 USD = 11.6036 GHS We use the mid-market rate for our Converter. The exchange rate used for the USD/GHS currency pair was : 10.75. 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. Inverse: 1,000,000.00 GHS = 84,819.90 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. -1.36%. gained
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. Explore the account used by 13 million people to live, work, travel and transfer money worldwide. Exchange rates can fluctuate by the minute while markets are open. In the majority of cases, this data is sufficient to predict future changes. The USDGHS spot exchange rate specifies how much one currency, the USD, is currently worth in terms of the other, the GHS. More Ghanaian Cedi info. 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. 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. 28.7863. The fast and reliable converter shows how much you would get when exchanging one US Dollar to Ghana Cedi. Simply type in the box how much you want to convert. Type the amount, select the original currency and the currency to which you want the amount to be converted. This chart will allow users to see the USD/GHS oscillation, and look at last year's data. Current tool convert USD in GHS using live average market currency rates. 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]. 1.00 US Dollar = 11.78 2487 Ghanaian Cedis 1 GHS = 0.0848717 USD We use the mid-market rate for our Converter. Our currency converter is simple to use and also shows the latest currency rates. 1 Input your amount. 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. Check out the market overview 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. 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 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 process ended in 1990 with a free float of the cedi against foreign currencies. The new republic's first independent currency was the Ghanaian pound (19581965). GHC: The currency abbreviation for the Ghanaian cedi - the official currency of the Republic of Ghana. Also, you can make a reverse calculation and find out the current value of 300000 Cedis in United States Dollars. which aggregates real-time forex data from the most authoritative sources. 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". Today's Value of 1,000,000 Dollars in Ghana Cedi is 10,750,057 (GHS). 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 list is sorted at the top, from left to right, in descending order. Existing 1 and 2 cedi banknotes remain legal tender, though these denominations will be gradually replaced by coins to reduce costs. 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. A number of Ghanaian New Cedi coins have also been issued in Sika denominations. 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. You should conduct your own research, review, 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). The. 14,000,000.00 provides the information in its best way. After independence, Ghana separated itself from the British West African pound, which was the currency of the British colonies in the region. The first cedi was replaced in 1967 by a "new cedi" which was worth 1.2 first cedis. Currency Information. Simply type in the box how much you want to convert. 23245.57 GHS Save up to 185.57 GHS. USD Click on the drop-downs to select the currencies you want to convert between. It has since lost over 90% of its value. The Bank of Ghana has been issuing all Ghanaian banknotes since 1958. Reverse : 14000000 GHS to USD, This website uses cookies to ensure you get the best experience on our website. Don't forget to look at and compare exchange rates from other banks available from 2 sources. It is the fourth historical and only current legal tender in the Republic of Ghana. One cedi is divided into one hundred pesewas (Gp). The word "cedi" derives from the African word for . The signature on the notes also changes when a new governor takes over the management of the Bank of Ghana. 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. The Ghanaian cedi (ISO code: GHS), is the official currency of Ghana. It was the highest-valued currency unit issued by sovereign countries in Africa in 2007. The table shows the data and analysis of the variations. 11537.02 GHS Save up to 419.51 GHS. 1 US Dollar = 11.790 Ghanaian Cedis as of May 2, 2023 1:15:00 AM UTC. [15] Beside the coins in general circulation the bank have also issued commemorative coins[16] These special coins have been issued in shillings (1958), crowns (1965), pounds (19581977), sikas (19972003) and cedis (2013-). The first cedi was pegged to sterling at a rate of 2.4cedis = 1pound or 8s 4d per cedi. 1 USD in GHS: 10 days history. This is for informational purposes only. up +401.16%
Over 70 million downloads worldwide. According to the mid-point between the "buy" and "sell" from global currency markets. 3 That's it. 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. We use cookies to personalize content, ads and to analyze our traffic. The change also provided an opportunity to remove Kwame Nkrumah's image from coins and notes. Alternatively, you may try converting US Dollars to Ghanaian Cedis. The currency converter shows the conversion of 1 US Dollars to Cedis as of today price. Currency Rate Change; EUR / USD: . History. A second confiscation took place in 1982, when the 50 note (the highest denomination) was demonetized. Select the period for plotting the chart. The first cedi was introduced in 1965, replacing the pound at a rate of 2.4cedi = 1pound, or 1pesewa = 1penny. 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. Get in touch with us now. 1 US dollar to Ghanaian cedis Exchange Rate. This allowed a decimal conversion with the pound, namely 2 second cedis = 1 pound. High inflation ensued, and so the cedi was re-pegged at 2.80 = $1.00. Find out the best rate in banks for GHS/USD exchange rates below. 2 Choose your currencies. 1 Million USD to GHS - US Dollars to Ghanaian Cedis. Check the latest currency exchange rates for the US Dollar, Ghanaian Cedi and all major world currencies. Compare our rate and fee with Western Union, ICICI Bank, WorldRemit and more, and see the difference for yourself. This is for informational purposes only. 14 Million USD to GHS. 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. Many other Ghanaians received "promise payment notes" from the banks, but never received compensation. 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. The Ghanaian New Cedi was introduced on July 3, 2007 and is equal to 10,000 old (Second) Cedis. These six denominations were still in circulation until 2007. The amount is in words: One Million (GHS), One Million Ghanaian cedis 00 pesewas. 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. For the basic conversion, we use the midpoint between the buy and sell rates of USD to GHS at currency . You can get live exchange rates between US Dollars and Ghanaian Cedis using exchange-rates.org,
Be on the lookout for any changes, ready up-to-date. We give you the real rate, independently provided by Reuters. The low point was 7.4527 Ghanaian Cedis per US Dollar on May 3, 2022. 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. 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. [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. 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 GH = 100 pesewa Symbol GH The cedi is the unit of currency of Ghana. 1 Input your amount. 11.7000 Mid-market rate. Our currency rankings show that the most popular Ghanaian Cedi exchange rate is the GHS to USD rate. 100 US Dollars = 1,178.97 Ghanaian Cedis as of May 2, 2023 1:15:00 AM UTC. The second cedi was initially pegged to sterling at a rate of 2 = 1stg. [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. provides the information in its best way. Our currency converter will show you the current rate and how its changed over the past day, week or month. The fast and reliable converter shows how much you would get when exchanging one million US Dollar to Ghana Cedi. 300,000 USD = 3,247,283.40 GHS at the rate on 2023-04-08. For the basic conversion, we use the midpoint between the buy and sell rates of USD to GHS at currency exchanges across the globe. Converter X provides up-to-date exchange rates on global currencies based on Open Exchange Rates. The word cedi is the Akan word for cowry shell. 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. 5000 . Our currency converter will show you the current rate and how it's changed over the past day, week or month. The current exchange rate is equivalent to 0.0848. Some coins are held back and released years after they are issued. In the last 10 years, the US Dollar is
Conversely, 1 GHS is worth 0.08482 USD. for even more real-time currency quotes or try to apply technical analysis tools on interactive charts. one hundred old pence, so that 1 pesewa was equal to one penny. Compared to yesterday, the cost 1,000,000 of the cedis remains unchanged. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. . You won't receive this rate when sending money. At the end of December 2007, more than 90% of all old coins and notes had been withdrawn. However, within months, the second cedi was devalued to a rate of 2.45 = 1stg, less than the initial value of the first cedi. Click on the drop-downs to select the currencies you want to convert between. 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. You won't receive this rate when sending money. 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 rate (1 USD GHS) Cheapest. Today's Value of 1,000,000 Dollars Converter X provides up-to-date exchange rates on global currencies based on Open Exchange Rates. As a result, the US Dollar has
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. The government decided to "cut" four zeros off the currency by switching to the third 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). You can convert US Dollars to Ghanaian Cedis by using the exchange-rates.org currency converter in just one easy step. it into the desired position in your websites HTML source code. Simply type in the box how much you want to convert. -41.27%. You should conduct your own research, review, In 1965, Ghana decided to leave the British colonial monetary system and adopt the widely accepted decimal system. And if they have a fee, they charge you twice. Ghanaians, in theory, could exchange any number of 50 notes for coins or other banknotes without loss, but foreigners could not make any exchange. How to convert US dollars to Ghanaian cedis. 300000 USD = 3,536,905.80 GHS at the rate on 2023-05-02. Alternatively, you may try converting US Dollars to Ghanaian Cedis. The exchange rate used for the USD/GHS currency pair was : 11.75. The cedi bore the portrait of the President and was equivalent to eight shillings and four pence (8s 4d), i.e. To add USD to GHS #widget to your website, you simply need to copy the code below and paste This chart shows data from 2022-5-2 to 2023-5-1. DISCLAIMER: All content provided herein our website is for your general information only, procured from third party sources. 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]. And with our daily summaries, youll never miss out on the latest news. Recipient gets (Total after fees) Transfer fee. The table shows the data and analysis of the variations. Receive daily email about the USD GHS 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.
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