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GHSUSD

$--
--%
1d
1w
1m

Analysis and statistics

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  • 52 Week Change
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  • Dividend Per Share
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About

GHSUSD.FOREX likely refers to the exchange rate between the Ghanaian cedi (GHS) and the United States dollar (USD) in the foreign exchange (forex) market. This symbol indicates the price of one Ghanaian cedi in terms of US dollars, showing how many US dollars are needed to purchase one Ghanaian cedi. The "FOREX" suffix explicitly designates it as a currency pair traded on the forex market.
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Factors

Ghanaian Economic Data: Interest rates, inflation, GDP growth, and employment figures influence investor sentiment towards the Ghanaian cedi.

US Economic Data: Similar data points from the US impact the US dollar's strength, affecting the GHSUSD rate.

Political Stability in Ghana: Political uncertainties or instability can weaken the cedi due to decreased foreign investment.

Global Risk Sentiment: During times of global economic uncertainty, investors may flock to the US dollar as a safe-haven asset.

Commodity Prices: Ghana's export earnings from commodities like gold and cocoa directly affect the cedi's value.

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