Here is the Cedi's performance against major foreign currencies as at November 23
23rd November 2021
On the Interbank forex rates from the Bank of Ghana today, November 23, 2021, the Ghana Cedi is trading against the dollar at a buying price of 5.9083 and a selling price of 5.9143. The figures were the same as yesterday's. At a forex bureau in Accra, dollar is being bought at a rate of 6.25 and sold at a rate of 6.45.
Against the Pound Sterling, the Cedi is trading at a buying price of 7.9225 and a selling price of 7.9310 as compared to yesterday’s trading of a buying price of 7.9532 and a selling price of 7.9624. At a forex bureau in Accra, pound sterling is being bought at a rate of 8.30 and sold at a rate of 8.65.
The Euro is trading at a buying price of 6.6503 and a selling price of 6.6574 as compared to yesterday’s trading of a buying price of 6.6856 and a selling price of 6.6927. At a forex bureau in Accra, Euro is being bought at a rate of 7.05 and sold at a rate of 7.30.
The South African Rand is trading at a buying price of 0.3751 and a selling price of 0.3755 as compared to yesterday’s trading of a buying price of 0.3761 and a selling price of 0.3765. At a forex bureau in Accra, South African Rand is being bought at a rate of 0.37 and sold at a rate of 0.46.
The Nigerian Naira is trading at a buying price of 70.0776 and a selling price of 70.0946 as compared to yesterday’s trading of a buying price of 70.0658 and a selling price of 70.0827. At a forex bureau in Accra, Nigerian Naira is being bought at a rate of 98.03 Naira for every 1 cedi and sold at a rate of around 1 cedi to 80 Naira.
For the CFA, it is trading at a buying price of 98.5305 and a selling price of 98.6357 as compared to yesterday’s trading of a buying price of 98.0108 and a selling price of 98.1149. At a forex bureau in Accra, CFA is being bought at a rate of 96.15 CFA for every 1 cedi and sold at a rate of 90.09 CFA for every 1 cedi.
Our Forex Bureau Rates are provided by Afriswap Bureau De Change in Osu, Accra.
NOTES on NAIRA/CFA Calculation
NOTE on Nigerian Naira:
To calculate Naira buying rate,
(1/(buying rate on site/1000)). For example if rate quoted is 10.2 then effective rate is (1/(10.2/1000)) which Is 98.03.
To calculate Naira Selling rate,
(1/(selling rate on site/1000)). For example, if rate quoted is 10.2 then effective rate is (1/(12.5/1000)) which Is 80.
NOTE on CFA
To calculate CFA buying rate,
(1/(buying rate on site/1000)). For example, if rate quoted is 10.4 then effective rate is (1/(10.4/1000)) which Is 96.15
To calculate CFA Selling rate,
(1/(selling rate on site/1000)). For example, if rate quoted is 11.10 then effective rate is (1/(11.10 /1000)) which Is 90.09.
Source: GhanaWeb