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Here is the Cedi’s performance against major foreign currencies as at November 24

Kumasi Online by Kumasi Online
24th November 2021
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The Cedi traded against the dollar at a mid-rate of 5.9118

The Cedi traded against the dollar at a mid-rate of 5.9118

Its trade value against the Pounds Sterling was at a mid-rate of 7.8950

The Euro’s mid-rate stands at 6.6498

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Note that these rates will be different at a forex bureau near you.

On the Interbank forex rates from the Bank of Ghana today, November 24, 2021, the Ghana Cedi is trading against the dollar at a buying price of 5.9088 and a selling price of 5.9148. As compared to yesterday’s trading of a buying price of 5.9083 and a selling price of 5.9143. At a forex bureau in Accra, dollar is being bought at a rate of 6.32 and sold at a rate of 6.47.

Against the Pound Sterling, the Cedi is trading at a buying price of 7.8907 and a selling price of 7.8992 as compared to yesterday’s trading of a buying price of 7.9225 and a selling price of 7.9310. At a forex bureau in Accra, pound sterling is being bought at a rate of 8.37 and sold at a rate of 8.65.

The Euro is trading at a buying price of 6.6503 and a selling price of 6.6574 as compared to yesterday’s trading of a buying price of 6.6465 and a selling price of 6.6530. At a forex bureau in Accra, Euro is being bought at a rate of 7.05 and sold at a rate of 7.30.

The South African Rand is trading at a buying price of 0.3751 and a selling price of 0.3755 as compared to yesterday’s trading of a buying price of 0.3716 and a selling price of 0.3720. At a forex bureau in Accra, South African Rand is being bought at a rate of 0.36 and sold at a rate of 0.45.

The Nigerian Naira is trading at a buying price of 70.0776 and a selling price of 70.0946 as compared to yesterday’s trading of a buying price of 70.0886 and a selling price of 70.1546. At a forex bureau in Accra, Nigerian Naira is being bought at a rate of 98.03 Naira for every 1 cedi and sold at a rate of around 1 cedi to 80 Naira.

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For the CFA, it is trading at a buying price of 98.5305 and a selling price of 98.6357 as compared to yesterday’s trading of a buying price of 98.5305 and a selling price of 98.6357. At a forex bureau in Accra, CFA is being bought at a rate of 96.15 CFA for every 1 cedi and sold at a rate of 90.09 CFA for every 1 cedi.

Our Forex Bureau Rates are provided by Afriswap Bureau De Change in Osu, Accra.

NOTES on NAIRA/CFA Calculation

NOTE on Nigerian Naira:

To calculate Naira buying rate,
(1/(buying rate on site/1000)). For example if rate quoted is 10.2 then effective rate is (1/(10.2/1000)) which Is 98.03.

To calculate Naira Selling rate,

(1/(selling rate on site/1000)). For example, if rate quoted is 10.2 then effective rate is (1/(12.5/1000)) which Is 80.

NOTE on CFA

To calculate CFA buying rate,
(1/(buying rate on site/1000)). For example, if rate quoted is 10.4 then effective rate is (1/(10.4/1000)) which Is 96.15

To calculate CFA Selling rate,

(1/(selling rate on site/1000)). For example, if rate quoted is 11.10 then effective rate is (1/(11.10 /1000)) which Is 90.09.

Send your news stories to dannyboy744@gmail.com and via WhatsApp on +233 266777777

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