1 million dollars in ghana cedis in words

In the last 10 years, the US Dollar is Our currency converter is simple to use and also shows the latest currency rates. Select the period for plotting the chart. Today's Value of 1,000,000 Dollars in Ghana Cedi is 10,750,057 (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. USD to GHS Convert US Dollars to Ghanaian Cedis - Exchange-Rates.org 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. Sponsored 1,000,000.00 A year ago today, on this day, they provided the equivalent of 1,000,000.00 ghanaian cedis for $133,029.76 us dollars, which is $48,209.86 more than it is now. It is the fourth historical and only current legal tender in the Republic of Ghana. By removing four digits, the Ghana cedi became the highest-denominated currency unit issued in Africa. 1 USD . These six denominations were still in circulation until 2007. The cedi's value continued to be eaten away on the black market. The new republic's first independent currency was the Ghanaian pound (19581965). You won't receive this rate when sending money. The. [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. How much is 1 million Ghanaian cedis to US Dollars provides the information in its best way. in Ghana Cedi is 11,750,390 (GHS). The first cedi was introduced in 1965, replacing the pound at a rate of 2.4cedi = 1pound, or 1pesewa = 1penny. 1 US Dollar = 11.790 Ghanaian Cedis as of May 2, 2023 1:15:00 AM UTC. 13.93 USD. To add USD to GHS #widget to your website, you simply need to copy the code below and paste Compare our rate and fee with Western Union, ICICI Bank, WorldRemit and more, and see the difference for yourself. The porcelain-like shells came to West Africa, beginning in the 14th century, through trade with Arab merchants. 1 Million USD to GHS - US Dollars to Ghanaian Cedis Federal Reserve Bank Historical Exchange Rates For Ghana Cedi to United States Dollar 120-day exchange rate history for GHS to USD Quick Conversions from Ghana Cedi to United States Dollar : 1 GHS = 0.0849132 USD Last Updated 4/30/2023 7:41:03 PM Recipient gets (Total after fees) Transfer fee. DISCLAIMER: All content provided herein our website is for your general information only, procured from third party sources. A second confiscation took place in 1982, when the 50 note (the highest denomination) was demonetized. 2000 US dollars to Ghanaian cedis - Wise It was the highest-valued currency unit issued by sovereign countries in Africa in 2007. A number of Ghanaian New Cedi coins have also been issued in Sika denominations. Convert from Ghana Cedi (GHS) to United States Dollar (USD) [3] From January 2008 old banknotes could only be exchanged at banks and were no longer legal tender. CFA Franc to Ghanaian Cedi Exchange Rate Chart | Xe 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. Every time. Click on the drop-downs to select the currencies you want to convert between. $1 = 10.82 +0.05 (+0.46%) at the rate on 2023-04-08. They add hidden markups to their exchange rates - charging you more without your knowledge. 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. Simply type in the box how much you want to convert. 1 thousand US dollars to Ghanaian cedis - Wise 100 US Dollars = 1,178.97 Ghanaian Cedis as of May 2, 2023 1:15:00 AM UTC. 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 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). analyse and verify our content before relying on them. Ghanaian cedi - Wikipedia However, the 10 cedis (~0.1 U.S. cents) and 20 cedis (~0.2 U.S. cents) coins were not seen much due to their small value. The low point was 7.4527 Ghanaian Cedis per US Dollar on May 3, 2022. The first cedi was replaced in 1967 by a "new cedi" which was worth 1.2 first cedis. 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. Currency Information. US dollars to Ghanaian cedis Exchange Rate. Convert USD/GHS - Wise . In the majority of cases, this data is sufficient to predict future changes. 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.). The fast and reliable converter shows how much you would get when exchanging one US Dollar to Ghana Cedi. 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 11537.02 GHS Save up to 419.51 GHS. This confiscation was publicly justified as a means to create a disincentive for the flourishing black market. Alternatively, you may try converting US Dollars to Ghanaian Cedis. Wise US Inc is authorized to operate in most states. 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. 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. More Ghanaian Cedi info. Converter X provides up-to-date exchange rates on global currencies based on Open Exchange Rates. 300000 USD = 3,536,905.80 GHS at the rate on 2023-05-02. You can convert US Dollars to Ghanaian Cedis by using the exchange-rates.org currency converter in just one easy step. For the basic conversion, we use the midpoint between the buy and sell rates of GHS to USD at currency exchanges across the globe. [22] Such changes are frequent and are not covered in this list. This process ended in 1990 with a free float of the cedi against foreign currencies. Convert USD/GHS - Wise 1 US dollar 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 03:27 UTC Track the exchange rate Send money The safe and easy way to exchange your money Banks and other transfer services have a dirty little secret. It has since lost over 90% of its value. Sponsored Reverse : 14000000 GHS to USD, This website uses cookies to ensure you get the best experience on our website. Type the amount, select the original currency and the currency to which you want the amount to be converted. 1 GHS to USD - Ghanaian Cedis to US Dollars Exchange Rate - Xe Our currency rankings show that the most popular Ghanaian Cedi exchange rate is the GHS to USD rate. One cedi is divided into one hundred pesewas (Gp). 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. 4.5/5, 2.2k ratings. Compare our rate and fee with Western Union, ICICI Bank, WorldRemit and more, and see the difference for yourself. Cowries (plural of cowry) were formerly used as currency in what is now Ghana. And with our daily summaries, youll never miss out on the latest news. 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. The exchange rate used for the USD/GHS currency pair was : 10.75. 2 Choose your currencies. 3 That's it. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. Our smart tech means were more efficient which means you get a great rate. The table shows the data and analysis of the variations. Weve been featured in some of the most reputable financial publications in the world, including Business Insider, Investopedia and Coindesk. 3 That's it. 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]. for even more real-time currency quotes or try to apply technical analysis tools on interactive charts. One Ghana cedi is divided into one hundred pesewas (Gp). The government decided to "cut" four zeros off the currency by switching to the third cedi. 1 Input your amount. 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]. In 1991, 10, 20, 50, and 100 cedi coins were introduced, followed by 200 and 500 cedis in 1996. [12] The exchange rate as of 24October2022[update] was about GH15 per U.S. Click on the drop-downs to select the currencies you want to convert between. Dollar (USD) to Ghanaian cedi (GHS) Currency Converter 1 Input your amount. Inverse: 1,500,000,000.00 USD = 17,684,529,000.00 GHS, Best 1,500,000,000 GHS to USD Exchange Rate. 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. = 11,750,390.00 The cedi bore the portrait of the President and was equivalent to eight shillings and four pence (8s 4d), i.e. [17] It is unclear if the Bank of Ghana considered commemorative crowns and sikas together with the commemorative pounds that were coined after 1965 as legal tender or simply as medallions.[18]. For the basic conversion, we use the midpoint between the buy and sell rates of GHS to USD at currency exchanges across the globe. The fast and reliable converter shows how much you would get when exchanging one million US Dollar to Ghana Cedi. In the other states, the program is sponsored by Community Federal Savings Bank, to which we're a service provider. Also, its best to convert US Dollars to Ghanaian Cedis early in the week if you need Ghanaian Cedis urgently. The currency symbol is GH. 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. For the basic conversion, we use the midpoint . 1.00 US Dollar = 11.78 2487 Ghanaian Cedis 1 GHS = 0.0848717 USD We use the mid-market rate for our Converter. year to date against the Ghanaian Cedi. Over 70 million downloads worldwide. As a result, the US Dollar has Click to copy to clipboard. US dollars to Ghanaian cedis Exchange Rate. Check send rates Ghanaian Cedi to US Dollar conversion Last updated Apr 30, 2023, 10:48 UTC Convert Ghanaian Cedi to US Dollar Due to periods of "sustained high inflation" and "perennial depreciation of the currency", the Bank of Ghana on 29 November 2019, announced the issuance of a new 2-cedi coin and as well as new 100 and 200-cedi banknotes. This allowed a decimal conversion with the pound, namely 2 second cedis = 1 pound. This means the US Dollar has increased in value compared to the Ghanaian Cedi. one hundred old pence, so that 1 pesewa was equal to one penny. 28.7863. was 14.627 Ghanaian Cedis per US Dollar on November 28, 2022. 3.8/5, 90.8k ratings. Over the last 7 days, the best beneficial exchange rate was 11,942,394.00. which aggregates real-time forex data from the most authoritative sources. The Ghanaian New Cedi was introduced on July 3, 2007 and is equal to 10,000 old (Second) Cedis. 10 US dollars to Ghanaian cedis Exchange Rate. Convert USD/GHS - Wise The exchange rate used for the USD/GHS currency pair was : 11.75. The exchange rate of the United . Find out the best rate in banks for GHS/USD exchange rates below. The exchange rate used for the USD/GHS currency pair was : 11.75. Current tool convert USD in GHS using live average market currency rates. [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-). The high point for the USD/GHS rate Wise gives you the real, mid-market, exchange rate, so you can make huge savings on your international money transfers. Exchange rate (1 USD GHS) Cheapest. The exchange rate used for the USD/GHS currency pair was : 11.75. The third Cedi has been losing value continuously since it was introduced. , Feb 2, 2023. [13][14], The Bank of Ghana has been issuing all Ghanaian coins since 1958. The US Dollar is Current conversion is actual and use latest exchange rate of United States Dollar and Ghanaian Cedi currencies. 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. it into the desired position in your websites HTML source code. Existing 1 and 2 cedi banknotes remain legal tender, though these denominations will be gradually replaced by coins to reduce costs. This is for informational purposes only. 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. 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. In the majority of cases, this data is sufficient to predict future changes. [11], By October 2022, the cedi became the world's worst performing currency, having lost 60% of its value relative to the U.S. dollar since the end of 2021. 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). The cedi bore the portrait of the President and was equivalent to eight shillings and four pence (8s 4d), i.e. 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. 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. To view rates between the US Dollar and the Ghanaian Cedi for a particular year, click on one of the links below. 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. GHS - Ghanaian Cedi rates, news, and tools | Xe 100 Canadian to USD. [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. The Ghanaian cedi (ISO code: GHS), is the official 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. [4], On 14 May 2010, a GH2 banknote was issued to meet public need for an intermediate denomination and reduce the frequency, and associated cost, of printing large volumes of the GH1 banknote. Today's Value of 1,000,000 Nigerian Naira in Ghana Cedi is 25,514.91 (GHS). In 2014, the inflation rose rapidly as the value of the third cedi fell to a fourth of its original value. Ghana's first President Dr. Kwame Nkrumah introduced Cedi notes and Pesewa coins in July 1965 to replace the Ghanaian pounds, shillings and pence. 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 . analyse and verify our content before relying on them. -41.27%. Check out the market overview 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. 1 US dollar to Ghanaian cedis - Wise This chart will allow users to see the GHS/USD oscillation, and look at last year's data. Alternatively, you may try converting US Dollars to Ghanaian Cedis. The currency converter shows the conversion of 1 US Dollars to Cedis as of today price. Coins and bank accounts were unaffected. 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. 1.5 Billion GHS to USD - Ghanaian Cedis to US Dollars. Check send rates US Dollar Ghanaian Cedi conversion Last updated Apr 29, 2023, 07:56 UTC Convert US Dollar to Ghanaian Cedi The Bank of Ghana has been issuing all Ghanaian banknotes since 1958. The second cedi was initially pegged to sterling at a rate of 2 = 1stg. Explore the account used by 13 million people to live, work, travel and transfer money worldwide. The new cedi was gradually phased out in 2007 in favor of the "Ghana cedi" at an exchange rate of 1:10,000. 5000 . Our currency converter will show you the current rate and how its changed over the past day, week or month. The average exchange rate over this period was 10.670 Ghanaian Cedis per US Dollar. Type the amount, select the original currency and the currency to which you want the amount to be converted. Convert 1000000 US Dollar to Ghana Cedi using latest Foreign Currency Exchange Rates. Ghanaians, in theory, could exchange any number of 50 notes for coins or other banknotes without loss, but foreigners could not make any exchange. The introduction of the new denomination coincided with the conclusion of the year-long centenary celebrations of the birth of Kwame Nkrumah, Ghana's first president, and has the commemorative text "Centenary of the Birth of Dr.Kwame Nkrumah".[5]. Convert United States Dollar To Ghanaian Cedi - Forbes We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. in Ghana Cedi is 164,505,460 (GHS). Our currency converter will show you the current rate and how it's changed over the past day, week or month. This website uses cookies to ensure you get the best experience on our website, "https://www.currencyconverterx.com/pic-USD-GHS". 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. After independence, Ghana separated itself from the British West African pound, which was the currency of the British colonies in the region. Our smart tech means were more efficient which means you get a great rate. 1 Million USD to GHS - US Dollars to Ghanaian Cedis. GHS | Ghanaian New Cedi | OANDA Receive daily email about the USD GHS exchange rate. GHS 11.7000 Mid-market rate. 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. The currency code for Cedis is GHS, and the currency symbol is GH. 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. This chart shows data from 2022-5-2 to 2023-5-1. Many other Ghanaians received "promise payment notes" from the banks, but never received compensation. The GHC was introduced on July 3, 2007. one hundred old pence, so that 1 pesewa was equal to one penny. 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. Set an alert now, and well tell you when it gets better. For the basic conversion, we use the midpoint between the buy and sell rates of USD to GHS at currency exchanges across the globe. Below, you'll find Ghanaian Cedi rates and a currency converter. 10 Million Won to USD. DISCLAIMER: All content provided herein our website is for your general information only, procured from third party sources. Conversely, 1 GHS is worth 0.08482 USD. Recipient gets (Total after fees) Transfer fee. We use cookies to personalize content, ads and to analyze our traffic. Simply type in the box how much you want to convert. 1 Million GHS to USD - Ghanaian Cedis to US Dollars 1 Million USD to GHS - US Dollar to Ghana Cedi - Currency Converter X The table shows the data and analysis of the variations. The exchange rate used for the NGN/GHS currency pair was : .026. A number of Ghanaian coins have also been issued in Sika denomination, and may have no legal tender status. 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. The cedi (/sidi/ SEE-dee) (currency sign: GH; currency code: GHS) is the unit of currency of Ghana. Today's Value of 1,000,000 Dollars We give you the real rate, independently provided by Reuters. GHS Last rates updated 2023-04-29. According to the mid-point between the "buy" and "sell" from global currency markets. GHC: The currency abbreviation for the Ghanaian cedi - the official currency of the Republic of Ghana. Using this website, you can find the current exchange rate for the Ghanaian cedi and a calculator to convert from Ghanaian cedis to Dollars. 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. This chart will allow users to see the USD/GHS oscillation, and look at last year's data. Any use of our content is solely at your own risk and discretion. -0.3982. Apr/27. 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. purchasing power compared to Ghanaian Cedi over the last 10 years. The word cedi is the Akan word for cowry shell. Youll now see the value of the converted currency according to the most recent exchange rate. Today's Value of 14,000,000 Dollars in Ghana Cedi is 164,505,460 (GHS). dollar. In the majority of cases, this data is sufficient to predict future changes. Every time. The word cedi is derived from the Akan word for cowry shell which were once used in Ghana as a form of currency. British pounds sterling to Ghanaian cedis - Wise Over the last 7 days, the best beneficial exchange rate was $127,229,851.58. Also, you can make a reverse calculation and find out the current value of 300000 Cedis in United States Dollars. Just Look at Ghana", "Ghana's cedi now the world's worst-performing currency as Kenya's shilling also struggles", "$1 now 15.20; rate of depreciation to pound, euro slow down MyJoyOnline.com", "Bank of Ghana A brief historical background", "United States dollar (USD) and Ghana cedi (GHS) Exchange Rate History", https://en.wikipedia.org/w/index.php?title=Ghanaian_cedi&oldid=1130677243, GH1, GH2, GH5, GH10, GH20, GH50, GH100, GH200, W. O. II Larbi, Fred Otoo, E. Kwasi Nukpor, Miner, army officer, student, demonstrators, Original source of the above pre-2007 Ghanaian banknotes: https://www.banknotes.com/gh.htm, This page was last edited on 31 December 2022, at 11:32. Ghanaian cedis to US dollars Exchange Rate. Convert GHS/USD - Wise The current exchange rate is equivalent to 11.7897. Over the last 7 days, the best beneficial exchange rate was $84,819.90. 1 Million Won to USD. Currency Rate Change; EUR / USD: . Only coins that have been or are in general circulation are included in this list. Inverse: 1,000,000.00 USD = 11,789,686.00 GHS. Exchange-rates.org is a currency and cryptocurrency converter tool and data provider used by millions of people across the globe every month. 300000 United States Dollars (USD) to Ghana Cedis (GHS) today 2 Choose your currencies. 1 US Dollar = 11.776 Ghanaian Cedis as of May 1, 2023 5:10:00 AM UTC. Get in touch with us now. Alternatively, you may try converting Ghanaian Cedis to US Dollars. The US Dollar is currently stronger than the Ghanaian Cedi given that 1 USD is equal to 11.790 GHS. . Ghana: oil contribution to GDP 2014-2024 | Statista The word "cedi" derives from the African word for . Ghana's first President Dr. Kwame Nkrumah introduced Cedi notes and Pesewa coins in July 1965 to replace the Ghanaian pounds, shillings and pence. High inflation ensued, and so the cedi was re-pegged at 2.80 = $1.00. 2 Choose your currencies. And if they have a fee, they charge you twice. The symbol for the currency is "GH", used as a prefix. Converter X provides up-to-date exchange rates on global currencies based on Open Exchange Rates.

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