Currency News [December 27, 2023]

The Cedi opened the week troubled against its three major trading partner currencies on the Bank of Ghana inter-bank trading platform where it continued to nurse losses against the Dollar, the Pound, and the Euro.

On the Open Forex Market (oanda.com), the Cedi opened the week mixed against its set of three most traded pairs as it rose to pare some of its recent losses against the Dollar and the Pound but failed to post any gains against the Euro.

The Cedi remains on course to end the year in the red similar to last year’s numbers.

Bank of Ghana Inter-Bank Rates

Currency	Current	Previous	w-o-w Change	w-o-w Change (%)	YTD
USD	11.6501	11.6489	-0.001	-0.01%	-35.62%
GBP	14.8239	14.7417	-0.082	-0.56%	-43.55%
EUR	12.9559	12.7248	-0.231	-1.82%	-42.65%

Open Forex Market Rates (oanda.com)

Currency	Current	Previous	w-o-w Change	w-o-w Change (%)	YTD
USD	12.0342	12.1009	0.067	0.55%	-19.36%
GBP	15.2838	15.3292	0.045	0.30%	-25.63%
EUR	13.2572	13.2104	-0.047	-0.35%	-23.10%