Convert GHS to major world currencies or vice versa based on current market estimates.
🇬🇭 Ghana Cedi (GHS)
🇺🇸 US Dollar (USD)
🇪🇺 Euro (EUR)
🇬🇧 British Pound (GBP)
🇨🇦 Canadian Dollar (CAD)
🇳🇬 Nigerian Naira (NGN)
🇨🇳 Chinese Yuan (CNY)
🇿🇦 S. African Rand (ZAR)
🇬🇭 Ghana Cedi (GHS)
🇺🇸 US Dollar (USD)
🇪🇺 Euro (EUR)
🇬🇧 British Pound (GBP)
🇨🇦 Canadian Dollar (CAD)
🇳🇬 Nigerian Naira (NGN)
🇨🇳 Chinese Yuan (CNY)
🇿🇦 S. African Rand (ZAR)
Converted Amount:
*Note: These are estimated market mid-rates. Actual rates at banks or forex bureaus in Ghana may vary.
Understanding Ghana Currency Exchange Rates
Navigating the foreign exchange market in Ghana is crucial for business owners, travelers, and anyone dealing with international remittances. The Ghana Cedi (GHS) fluctuates against major trading currencies like the US Dollar (USD), British Pound (GBP), and Euro (EUR) due to various economic factors including inflation, import demand, and Bank of Ghana policies.
How This Calculator Works
This Ghana Currency Exchange Rates Calculator allows you to estimate the value of your money when converting between Cedis and other major currencies. The tool uses the cross-rate method:
Step 1: It identifies the base value of the "From" currency relative to the Cedi.
Step 2: It calculates the equivalent value in the "To" currency.
Step 3: It displays the final amount and the implied exchange rate used for the conversion.
Major Currencies Traded in Ghana
While the US Dollar is the primary benchmark for the Cedi, several other currencies are highly active in the Ghanaian financial ecosystem:
1. US Dollar (USD)
The USD is the dominant foreign currency used for imports (fuel, machinery, vehicles) and serves as the primary reserve currency. The "Dollar-to-Cedi" rate is the most watched economic indicator in the country.
2. British Pound (GBP)
Due to strong historical and diaspora ties between Ghana and the United Kingdom, the GBP is heavily traded, especially for remittances and tuition payments.
3. Euro (EUR)
With significant trade partnerships between Ghana and the European Union, the Euro is essential for exporters of cocoa and other agricultural products.
4. Nigerian Naira (NGN)
For cross-border trade within West Africa, particularly for traders buying goods from Lagos or Accra, the Cedi-Naira exchange rate is vital, though often volatile.
Bank Rates vs. Forex Bureau Rates
When converting money in Ghana, you will notice a difference between the official Bank of Ghana interbank rates and the retail rates offered by commercial banks and private Forex Bureaus:
Interbank Rate: The rate at which banks trade with each other. Often lower than retail rates.
Forex Bureau Rate: Often higher and more reflective of street demand (the parallel market). If you are exchanging physical cash, the bureau rate is usually the most relevant.
Spread: The difference between the "Buy" rate (what they pay you for foreign currency) and the "Sell" rate (what you pay to get foreign currency).
Factors Influencing the Cedi's Strength
The exchange rate is not static. Key drivers include:
Balance of Trade: If Ghana imports more than it exports, demand for foreign currency rises, weakening the Cedi.
Inflation: Higher inflation rates in Ghana compared to the US or UK typically lead to depreciation of the Cedi.
Foreign Investment: Inflows of foreign direct investment increase demand for the Cedi, strengthening its value.
function calculateExchange() {
// 1. Get Inputs
var amount = parseFloat(document.getElementById("amountInput").value);
var fromCurrency = document.getElementById("fromCurrency").value;
var toCurrency = document.getElementById("toCurrency").value;
// 2. Validation
if (isNaN(amount) || amount <= 0) {
alert("Please enter a valid amount greater than 0.");
return;
}
// 3. Define Exchange Rates (Approximate Base: 1 Unit of Currency = X GHS)
// Note: These are estimated mid-market rates for demonstration.
// In a live app, fetch these from an API.
var ratesToGHS = {
"GHS": 1.00,
"USD": 15.65, // Example: 1 USD = 15.65 GHS
"EUR": 16.90, // Example: 1 EUR = 16.90 GHS
"GBP": 20.10, // Example: 1 GBP = 20.10 GHS
"CAD": 11.45, // Example: 1 CAD = 11.45 GHS
"NGN": 0.011, // Example: 1 NGN = 0.011 GHS (approx)
"CNY": 2.15, // Example: 1 CNY = 2.15 GHS
"ZAR": 0.85 // Example: 1 ZAR = 0.85 GHS
};
// 4. Calculation Logic
// Formula: Amount * (Rate_From_To_GHS / Rate_To_To_GHS)
var fromRate = ratesToGHS[fromCurrency];
var toRate = ratesToGHS[toCurrency];
// Intermediate conversion to GHS
var valueInGHS = amount * fromRate;
// Final conversion to Target Currency
var finalValue = valueInGHS / toRate;
// Calculate the specific exchange rate used (1 From = X To)
var exchangeRate = fromRate / toRate;
// 5. Formatting Output
// Different decimal places for weaker currencies like GHS/NGN vs stronger ones
var decimals = 2;
if (toCurrency === "NGN" || toCurrency === "GHS") {
decimals = 2;
}
var formattedResult = finalValue.toLocaleString('en-US', {
style: 'currency',
currency: toCurrency,
minimumFractionDigits: decimals,
maximumFractionDigits: decimals
});
var formattedRate = "1 " + fromCurrency + " = " + exchangeRate.toFixed(4) + " " + toCurrency;
// 6. Display Results
var resultBox = document.getElementById("result-box");
var resultText = document.getElementById("finalResult");
var rateText = document.getElementById("exchangeRateDisplay");
resultText.innerHTML = formattedResult;
rateText.innerHTML = "Exchange Rate: " + formattedRate;
resultBox.style.display = "block";
}