= 164,505,460.00 Converter X provides up-to-date exchange rates on global currencies based on Open Exchange Rates. provides the information in its best way. Click on the drop-downs to select the currencies you want to convert between. [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. . And with our daily summaries, youll never miss out on the latest news. The cedi bore the portrait of the President and was equivalent to eight shillings and four pence (8s 4d), i.e. [3] From January 2008 old banknotes could only be exchanged at banks and were no longer legal tender. The current exchange rate is equivalent to 0.0848. The exchange rate of the United . Currency Information. It was the highest-valued currency unit issued by sovereign countries in Africa in 2007. [6] The devaluation was temporarily halted in the last quarter of 2014 as the currency stabilized due to a pending IMF bailout of Ghana. 1.00 Ghanaian Cedi = 0.08 6180237 US Dollars 1 USD = 11.6036 GHS We use the mid-market rate for our Converter. Simply type in the box how much you want to convert. 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 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. 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. year to date against the Ghanaian Cedi. 300,000 USD = 3,247,283.40 GHS at the rate on 2023-04-08. 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. Our smart tech means were more efficient which means you get a great rate. This means that in the general circulation there are worn out coins and coins in mint condition from the same issuing year. Our currency converter will show you the current rate and how it's changed over the past day, week or month. [7], Due to its negligible purchasing power, the one pesewa coin is rarely seen in circulation. Apr/27. In the second half of 2007 both the second and third cedi were legal tender as the old currency was being gradually withdrawn. In the majority of cases, this data is sufficient to predict future changes. The current exchange rate is equivalent to 0.0848. The word "cedi" derives from the African word for . For the basic conversion, we use the midpoint between the buy and sell rates of USD to GHS at currency exchanges across the globe. Explore the account used by 13 million people to live, work, travel and transfer money worldwide. Over the last 7 days, the best beneficial exchange rate was $84,819.90. This chart shows data from 2022-5-2 to 2023-5-1. The table shows the data and analysis of the variations. 1.5 Billion GHS to USD - Ghanaian Cedis to US Dollars. in Ghana Cedi is 11,750,390 (GHS). 1 Input your amount. The US Dollar is currently stronger than the Ghanaian Cedi given that 1 USD is equal to 11.790 GHS. 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]. This means the US Dollar has increased in value compared to the Ghanaian Cedi. Last rates updated 2023-04-29. [13][14], The Bank of Ghana has been issuing all Ghanaian coins since 1958. one hundred old pence, so that 1 pesewa was equal to one penny. Below, you'll find Ghanaian Cedi rates and a currency converter. More Ghanaian Cedi info. = 11,750,390.00 Alternatively, you may try converting Ghanaian Cedis to US Dollars. According to the mid-point between the "buy" and "sell" from global currency markets. 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. Wise never hides fees in the exchange rate. In the last 10 years, the US Dollar is These six denominations were still in circulation until 2007. Simply type in the box how much you want to convert. 1,000,000.00 Over 70 million downloads worldwide. However, within months, the second cedi was devalued to a rate of 2.45 = 1stg, less than the initial value of the first cedi. Banks and other transfer services have a dirty little secret. The high point for the USD/GHS rate 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. 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 make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. 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.). 13.93 USD. The currency code for Ghanaian Cedis is GHS. Check send rates US Dollar Ghanaian Cedi conversion Last updated Apr 29, 2023, 07:56 UTC Convert US Dollar to Ghanaian Cedi History. Inverse: 1,500,000,000.00 USD = 17,684,529,000.00 GHS, Best 1,500,000,000 GHS to USD Exchange Rate. USD 1.00 US Dollar = 11.78 2487 Ghanaian Cedis 1 GHS = 0.0848717 USD We use the mid-market rate for our Converter. Alternatively, you may try converting US Dollars to Ghanaian Cedis. Today's Value of 1,000,000 Dollars For the basic conversion, we use the midpoint between the buy and sell rates of GHS to USD at currency exchanges across the globe. 28.7863. The average exchange rate over this period was 10.670 Ghanaian Cedis per US Dollar. Don't forget to look at and compare exchange rates from other banks available from 2 sources. 1 Input your amount. The word cedi is derived from the Akan word for cowry shell which were once used in Ghana as a form of currency. You won't receive this rate when sending money. Current conversion is actual and use latest exchange rate of United States Dollar and Ghanaian Cedi currencies. Exchange rate (1 USD GHS) Cheapest. , Feb 2, 2023. 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. 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. 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. Convert 1000000 US Dollar to Ghana Cedi using latest Foreign Currency Exchange Rates. 3 That's it. Get in touch with us now. The new cedi was gradually phased out in 2007 in favor of the "Ghana cedi" at an exchange rate of 1:10,000. The exchange rate used for the USD/GHS currency pair was : 10.75. 2 Choose your currencies. How to convert Ghanaian cedis to US dollars. -0.3982. Inverse: 1,000,000.00 USD = 11,789,686.00 GHS. Reverse : 14000000 GHS to USD, This website uses cookies to ensure you get the best experience on our website. You should conduct your own research, review, 11.7000 Mid-market rate. And if they have a fee, they charge you twice. gained Sponsored Compared to yesterday, the cost 1,000,000 of the cedis remains unchanged. New banknotes were issued which were exchanged for old ones at a rate of 10 old notes for 7 new ones. Set an alert now, and well tell you when it gets better. For the basic conversion, we use the midpoint . Be on the lookout for any changes, ready up-to-date. The GHC was introduced on July 3, 2007. After the February 1966 military coup, the new leaders wanted to remove the face of Nkrumah from the banknotes. 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 . In the other states, the program is sponsored by Community Federal Savings Bank, to which we're a service provider. . Online interactive currency converter & calculator ensures provding actual conversion information of world currencies according to Open Exchange Rates and 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). As a result, the US Dollar has The low point was 7.4527 Ghanaian Cedis per US Dollar on May 3, 2022. [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). 1 US Dollar = 11.790 Ghanaian Cedis as of May 2, 2023 1:15:00 AM UTC. 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 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 . Banks often advertise free or low-cost transfers, but add a hidden markup to the exchange rate. 1 GH = 100 pesewa Symbol GH The cedi is the unit of currency of Ghana. 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. This is for informational purposes only. Check out the market overview 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. Recipient gets (Total after fees) Transfer fee. Coins and bank accounts were unaffected. Some coins are held back and released years after they are issued. Exchange-Rates.org 2023 MBH Media, Inc. against the Ghanaian Cedi. Ghana's first President Dr. Kwame Nkrumah introduced Cedi notes and Pesewa coins in July 1965 to replace the Ghanaian pounds, shillings and pence. [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. 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. 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. The third Cedi has been losing value continuously since it was introduced. The African name Cedi (19651967) was introduced in place of the old British pound system. In 1991, 10, 20, 50, and 100 cedi coins were introduced, followed by 200 and 500 cedis in 1996. This website uses cookies to ensure you get the best experience on our website, "https://www.currencyconverterx.com/pic-USD-GHS". 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. purchasing power compared to Ghanaian Cedi over the last 10 years. The cedi (/sidi/ SEE-dee) (currency sign: GH; currency code: GHS) is the unit of currency of Ghana. The Ghanaian cedi (ISO code: GHS), is the official currency of Ghana. Over the last 7 days, the best beneficial exchange rate was 11,942,394.00. This chart will allow users to see the USD/GHS oscillation, and look at last year's data. Every time. 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. They add hidden markups to their exchange rates - charging you more without your knowledge. Type the amount, select the original currency and the currency to which you want the amount to be converted. In 1965, Ghana decided to leave the British colonial monetary system and adopt the widely accepted decimal system. Simply type in the box how much you want to convert. The first cedi was replaced in 1967 by a "new cedi" which was worth 1.2 first cedis. Check send rates Ghanaian Cedi to US Dollar conversion Last updated Apr 30, 2023, 10:48 UTC Convert Ghanaian Cedi to US Dollar The new republic's first independent currency was the Ghanaian pound (19581965). 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. How to convert US dollars to Ghanaian cedis. Any use of our content is solely at your own risk and discretion. 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 Ghanaian Cedi is the currency of Ghana. 3 That's it. It is the fourth historical and only current legal tender in the Republic of Ghana. 2 Choose your currencies. 300000 USD = 3,536,905.80 GHS at the rate on 2023-05-02. The exchange rate used for the NGN/GHS currency pair was : .026. You can use this calculator offline while travelling in Ghana. Receive daily email about the USD GHS exchange rate. 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. You won't receive this rate when sending money. Compare our rate and fee with Western Union, ICICI Bank, WorldRemit and more, and see the difference for yourself. The current exchange rate is equivalent to 11.7897. The signature on the notes also changes when a new governor takes over the management of the Bank of Ghana. 1 Input your amount. The change also provided an opportunity to remove Kwame Nkrumah's image from coins and notes. analyse and verify our content before relying on them. 10 Million Won to USD. The Monetaria moneta or money cowry is not native to West African waters but is a common species in the Indian Ocean. [10] As of September2022[update], the annual inflation rate of 37.2% as reported by the Ghana Statistical Service was the highest since 2001. 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]. Also, you can make a reverse calculation and find out the current value of 300000 Cedis in United States Dollars. Only coins that have been or are in general circulation are included in this list. Be on the lookout for any changes, ready up-to-date. The porcelain-like shells came to West Africa, beginning in the 14th century, through trade with Arab merchants. 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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