1 million dollars in ghana cedis in words
Reverse : 1000000 GHS to USD, This website uses cookies to ensure you get the best experience on our website. One Ghanaian New Cedi is divided into one hundred Ghana pesewas. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. 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. 3 That's it. 1.00 Ghanaian Cedi = 0.08 6180237 US Dollars 1 USD = 11.6036 GHS We use the mid-market rate for our Converter. Any use of our content is solely at your own risk and discretion. DISCLAIMER: All content provided herein our website is for your general information only, procured from third party sources. 28.7863. Click on the drop-downs to select the currencies you want to convert between. As a result, the US Dollar has This process ended in 1990 with a free float of the cedi against foreign currencies. 300,000 USD = 3,247,283.40 GHS at the rate on 2023-04-08. The exchange rate of the United . Conversely, 1 GHS is worth 0.08482 USD. The exchange rate used for the NGN/GHS currency pair was : .026. The current exchange rate is equivalent to 11.7897. provides the information in its best way. The US Dollar is currently stronger than the Ghanaian Cedi given that 1 USD is equal to 11.790 GHS. You should conduct your own research, review, . 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. $1 = 10.82 +0.05 (+0.46%) at the rate on 2023-04-08. 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. year to date against the Ghanaian Cedi. Explore the account used by 13 million people to live, work, travel and transfer money worldwide. The GHC was introduced on July 3, 2007. provides the information in its best way. By 1983 the cedi was worth about 120 to one U.S. dollar on the black market, a pack of cigarettes cost about 150 (if they could be found), but the bank rate continued at 2.80 = $1.00. 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. History. [3] From January 2008 old banknotes could only be exchanged at banks and were no longer legal tender. Last rates updated 2023-04-29. Converter X provides up-to-date exchange rates on global currencies based on Open Exchange Rates. The first cedi was replaced in 1967 by a "new cedi" which was worth 1.2 first cedis. The cedi bore the portrait of the President and was equivalent to eight shillings and four pence (8s 4d), i.e. 1 Input your amount. However, from a monetary perspective, currency confiscations have the effect of reducing the available cash in the economy, and thereby slowing the rate of inflation. Click on the drop-downs to select the currencies you want to convert between. For the basic conversion, we use the midpoint . 2 Choose your currencies. 23245.57 GHS Save up to 185.57 GHS. The word cedi is the Akan word for cowry shell. 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. Compared to yesterday, the cost 1,000,000 of the cedis remains unchanged. Convert 1000000 US Dollar to Ghana Cedi using latest Foreign Currency Exchange Rates. 2 Choose your currencies. The amount is in words: One Million (GHS), One Million Ghanaian cedis 00 pesewas. The high point for the USD/GHS rate The currency symbol is GH. The current exchange rate is equivalent to 0.0848. Be on the lookout for any changes, ready up-to-date. 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. 1 Input your amount. The low point was 7.4527 Ghanaian Cedis per US Dollar on May 3, 2022. 100 Canadian to USD. The porcelain-like shells came to West Africa, beginning in the 14th century, through trade with Arab merchants. DISCLAIMER: All content provided herein our website is for your general information only, procured from third party sources. 1 Input your amount. Compare our rate and fee with Western Union, ICICI Bank, WorldRemit and more, and see the difference for yourself. You won't receive this rate when sending money. The symbol for the currency is "GH", used as a prefix. 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. We use cookies to personalize content, ads and to analyze our traffic. For the basic conversion, we use the midpoint between the buy and sell rates of USD to GHS at currency exchanges across the globe. To add USD to GHS #widget to your website, you simply need to copy the code below and paste Wise gives you the real, mid-market, exchange rate, so you can make huge savings on your international money transfers. Alternatively, you may try converting US Dollars to Ghanaian Cedis. 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. In the last 10 years, the US Dollar is analyse and verify our content before relying on them. 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. 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. Current tool convert USD in GHS using live average market currency rates. The word cedi is derived from the Akan word for cowry shell which were once used in Ghana as a form of currency. Apr/27. If you execute a trade late in the week, it might not settle until the following week given that forex markets are closed on weekends. Today's Value of 1,000,000 Nigerian Naira in Ghana Cedi is 25,514.91 (GHS). GHS -0.3982. Every time. in Ghana Cedi is 11,750,390 (GHS). Sponsored Any use of our content is solely at your own risk and discretion. up +18.00% Our currency converter will show you the current rate and how its changed over the past day, week or month. 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. The exchange rate used for the USD/GHS currency pair was : 11.75. The list is sorted at the top, from left to right, in descending order. The average exchange rate over this period was 10.670 Ghanaian Cedis per US Dollar. Over the last 7 days, the best beneficial exchange rate was $127,229,851.58. Wise US Inc is authorized to operate in most states. purchasing power compared to Ghanaian Cedi over the last 10 years. Convert USD/GHS - Wise US dollars to Ghanaian cedis Convert USD to GHS at the real exchange rate USD Converted to GHS 1.00000 USD = 11.66000 GHS Mid-market exchange rate at 11:47 UTC Track the exchange rate Send money The safe and easy way to exchange your money 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. It has since lost over 90% of its value. You should conduct your own research, review, [10] As of September2022[update], the annual inflation rate of 37.2% as reported by the Ghana Statistical Service was the highest since 2001. 16.59 USD. Sending 1000.00 USD with. Wise never hides fees in the exchange rate. Some coins are held back and released years after they are issued. [7], Due to its negligible purchasing power, the one pesewa coin is rarely seen in circulation. Click to copy to clipboard. gained 1 USD . The exchange rate used for the USD/GHS currency pair was : 11.75. . 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 website uses cookies to ensure you get the best experience on our website, "https://www.currencyconverterx.com/pic-USD-GHS". 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. Type the amount, select the original currency and the currency to which you want the amount to be converted. The Ghanaian New Cedi was introduced on July 3, 2007 and is equal to 10,000 old (Second) Cedis. The US Dollar is You can use this calculator offline while travelling in Ghana. In 1979 a currency confiscation took place. How to convert Ghanaian cedis to US dollars. Simply type in the box how much you want to convert. The new cedi was gradually phased out in 2007 in favor of the "Ghana cedi" at an exchange rate of 1:10,000. 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. 1 US Dollar = 11.790 Ghanaian Cedis as of May 2, 2023 1:15:00 AM UTC. The government decided to "cut" four zeros off the currency by switching to the third cedi. -41.27%. Also, you can make a reverse calculation and find out the current value of 300000 Cedis in United States Dollars. Exchange-Rates.org 2023 MBH Media, Inc. Alternatively, you may try converting Ghanaian Cedis to US 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. 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. Coins and bank accounts were unaffected. These six denominations were still in circulation until 2007. 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. 14 Million USD to GHS. This fear, along with inflation running at about 100% annually, started causing Ghanaians to lose their faith in their country's own currency. You can get live exchange rates between US Dollars and Ghanaian Cedis using exchange-rates.org, In 1965, Ghana decided to leave the British colonial monetary system and adopt the widely accepted decimal system. Every time. Our currency converter is simple to use and also shows the latest currency rates. Online interactive currency converter & calculator ensures provding actual conversion information of world currencies according to Open Exchange Rates and 1.00 US Dollar = 11.78 2487 Ghanaian Cedis 1 GHS = 0.0848717 USD We use the mid-market rate for our Converter. Type the amount, select the original currency and the currency to which you want the amount to be converted. Ghana's first President Dr. Kwame Nkrumah introduced Cedi notes and Pesewa coins in July 1965 to replace the Ghanaian pounds, shillings and pence. Compare our rate and fee with Western Union, ICICI Bank, WorldRemit and more, and see the difference for yourself. [13][14], The Bank of Ghana has been issuing all Ghanaian coins since 1958. The cedi (/sidi/ SEE-dee) (currency sign: GH; currency code: GHS) is the unit of currency of Ghana. The fast and reliable converter shows how much you would get when exchanging one US Dollar to Ghana Cedi. 14,000,000.00 Only coins that have been or are in general circulation are included in this list. [citation needed]. And if they have a fee, they charge you twice. Finally, with foreign currency completely drying up for all import transactions, the government was forced to begin a process of gradual devaluation, and a liberalization of its strict price controls. Our currency rankings show that the most popular Ghanaian Cedi exchange rate is the GHS to USD rate. This chart will allow users to see the USD/GHS oscillation, and look at last year's data. 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. 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]. [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. 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.). Ghanaians, in theory, could exchange any number of 50 notes for coins or other banknotes without loss, but foreigners could not make any exchange. Over the last 7 days, the best beneficial exchange rate was 11,942,394.00. 5000 . analyse and verify our content before relying on them. This chart shows data from 2022-5-2 to 2023-5-1. 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. Simply type in the box how much you want to convert. 1 GH = 100 pesewa Symbol GH The cedi is the unit of currency of Ghana. The signature on the notes also changes when a new governor takes over the management of the Bank of Ghana. Our smart tech means were more efficient which means you get a great rate. 4.5/5, 2.2k ratings. This chart will allow users to see the GHS/USD oscillation, and look at last year's data. Recipient gets (Total after fees) Transfer fee. 10 Million Won to USD. According to the mid-point between the "buy" and "sell" from global currency markets. Below, you'll find Ghanaian Cedi rates and a currency converter. Banks and traditional providers often have extra costs, which they pass to you by marking up the exchange rate. Many other Ghanaians received "promise payment notes" from the banks, but never received compensation. Exchange rate (1 USD GHS) Cheapest. By removing four digits, the Ghana cedi became the highest-denominated currency unit issued in Africa. . 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 . The fast and reliable converter shows how much you would get when exchanging one million US Dollar to Ghana Cedi. Currency Rate Change; EUR / USD: . Simply type in the box how much you want to convert. 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. High inflation ensued, and so the cedi was re-pegged at 2.80 = $1.00. After independence, Ghana separated itself from the British West African pound, which was the currency of the British colonies in the region. According to the mid-point between the "buy" and "sell" from global currency markets. After the 50 note confiscation, fears existed that the government could also confiscate the 20 or even the 10 notes. The current exchange rate is equivalent to 0.0848. 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. We partner with the most popular currency and cryptocurrency data providers worldwide to bring you the most recent quotes for all major cryptocurrencies. 13.93 USD. 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. The exchange rate used for the USD/GHS currency pair was : 10.75. Popular US Dollar (USD) Pairings. It is the fourth historical and only current legal tender in the Republic of Ghana. Currency Information. 3.8/5, 90.8k ratings. How to convert US dollars to Ghanaian cedis. For the basic conversion, we use the midpoint between the buy and sell rates of USD to GHS at currency . was 14.627 Ghanaian Cedis per US Dollar on November 28, 2022. The USD/GHS rate is up +56.84%. 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. Ghanaian Cedi. 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. In the majority of cases, this data is sufficient to predict future changes. In 2014, the inflation rose rapidly as the value of the third cedi fell to a fourth of its original value. Note: Rates obtained from these websites may contradict with, Last edited on 31 December 2022, at 11:32, The shield from the Coat of arms of Ghana, "Metal cedis and pesewas modern coins of Ghana", "Don't Give Out Change In Old notes, Coins", "Ghana Cedi at risk of sliding to 4 per Dollar, HFC says", "Bank of Ghana to phase out GH1 and GH2 notes soon", "GH1 and GH2 coins won't suffer fate of 1 pesewa coin Financial Expert assures", "We're already 'Breaking the 10'; the dollar is over-speeding Dr. Otchere-Ankrah 'shades' NPP", "CORRECTED-Ghana consumer inflation rises to 37.2% in September, statistics service says", "Emerging-Market Debt Is Sliding Into Distress. Compare our rate and fee with Western Union, ICICI Bank, WorldRemit and more, and see the difference for yourself. Exchange rates can fluctuate by the minute while markets are open. How to convert US dollars to Ghanaian cedis. Cowries (plural of cowry) were formerly used as currency in what is now Ghana. The African name Cedi (19651967) was introduced in place of the old British pound system. USD 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. = 164,505,460.00 Over the last 7 days, the best beneficial exchange rate was $84,819.90. A year ago today, on this day, they provided the equivalent of $1,000,000.00 us dollars for 7,517,115.00 ghanaian cedis, which is 4,272,571.00 less than it is now. GHC: The currency abbreviation for the Ghanaian cedi - the official currency of the Republic of Ghana. Be on the lookout for any changes, ready up-to-date. 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. Exchange-rates.org is a currency and cryptocurrency converter tool and data provider used by millions of people across the globe every month. British pounds sterling to Ghanaian cedis Convert GBP to GHS at the real exchange rate Amount GBP Converted to GHS 1.00000 GBP = 14.65310 GHS Mid-market exchange rate at 08:11 UTC Track the exchange rate Send money The safe and easy way to exchange your money Using this website, you can find the current exchange rate for the Ghanaian cedi and a calculator to convert from Ghanaian cedis to Dollars. 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. The first cedi was introduced in 1965, replacing the pound at a rate of 2.4cedi = 1pound, or 1pesewa = 1penny. The change also provided an opportunity to remove Kwame Nkrumah's image from coins and notes. up +401.16% 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. Today's Value of 1,000,000 Dollars in Ghana Cedi is 10,750,057 (GHS). 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. Our currency converter will show you the current rate and how it's changed over the past day, week or month. The. To view rates between the US Dollar and the Ghanaian Cedi for a particular year, click on one of the links below. [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-). As of today at 00:00AM UTC one billion five hundred million ghanaian cedis is equal to $132,754,864.34 (USD) or one hundred thirty-two million seven hundred fifty-four thousand eight hundred sixty-four us dollars 34 cents. One Ghana cedi is divided into one hundred pesewas (Gp). US dollars to Ghanaian cedis Exchange Rate. Inverse: 1,500,000,000.00 USD = 17,684,529,000.00 GHS, Best 1,500,000,000 GHS to USD Exchange Rate. The table shows the data and analysis of the variations. Inverse: 1,000,000.00 GHS = 84,819.90 USD. More Ghanaian Cedi info. against the Ghanaian Cedi. 1 USD in GHS: 10 days history. 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). [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. [22] Such changes are frequent and are not covered in this list. The Ghanaian Cedi is the currency of Ghana. This means the US Dollar has increased in value compared to the Ghanaian Cedi. USD Receive daily email about the USD GHS exchange rate. Today's Value of 14,000,000 Dollars in Ghana Cedi is 164,505,460 (GHS). Over the last 30 days, we have recorded a fluctuation index is "very high" and a volatility of 21.69%. 1.0000 USD = 11.790 GHS May 2, 2023 01:15 AM UTC. And with our daily summaries, youll never miss out on the latest news. Existing 1 and 2 cedi banknotes remain legal tender, though these denominations will be gradually replaced by coins to reduce costs. Today's Value of 1,000,000 Dollars In the majority of cases, this data is sufficient to predict future changes. For the basic conversion, we use the midpoint between the buy and sell rates of GHS to USD at currency exchanges across the globe. Inverse: 1,000,000.00 USD = 11,789,686.00 GHS. This is for informational purposes only. A second confiscation took place in 1982, when the 50 note (the highest denomination) was demonetized. Alternatively, you may try converting US Dollars to Ghanaian Cedis. At the end of December 2007, more than 90% of all old coins and notes had been withdrawn. [12] The exchange rate as of 24October2022[update] was about GH15 per U.S. Find out the best rate in banks for GHS/USD exchange rates below. = 11,750,390.00 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. GHS The first cedi was pegged to sterling at a rate of 2.4cedis = 1pound or 8s 4d per cedi. Convert 1 US Dollar to Ghana Cedi using latest Foreign Currency Exchange Rates. 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. 1,000,000.00 in Ghana Cedi is 164,505,460 (GHS). You can convert US Dollars to Ghanaian Cedis by using the exchange-rates.org currency converter in just one easy step. 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 . A number of Ghanaian coins have also been issued in Sika denomination, and may have no legal tender status. The Ghanaian cedi (ISO code: GHS), is the official currency of Ghana. which aggregates real-time forex data from the most authoritative sources. New banknotes were issued which were exchanged for old ones at a rate of 10 old notes for 7 new ones. This means that in the general circulation there are worn out coins and coins in mint condition from the same issuing year. One cedi is divided into one hundred pesewas (Gp). 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. 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. 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". Our smart tech means were more efficient which means you get a great rate. Simply type in the box how much you want to convert. for even more real-time currency quotes or try to apply technical analysis tools on interactive charts. You won't receive this rate when sending money. They add hidden markups to their exchange rates - charging you more without your knowledge. Reverse : 14000000 GHS to USD, This website uses cookies to ensure you get the best experience on our website. it into the desired position in your websites HTML source code. Current conversion is actual and use latest exchange rate of United States Dollar and Ghanaian Cedi currencies. Banks often advertise free or low-cost transfers, but add a hidden markup to the exchange rate. Recipient gets (Total after fees) Transfer fee. Sending 2000.00 USD with. For the basic conversion, we use the midpoint between the buy and sell rates of GHS to USD at currency exchanges across the globe.
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