The daily interbank foreign exchange rates for Wednesday, January 19, 2022 has been published by the Bank of Ghana.
The foreign exchange rates are published by the Central Bank as reference rates for the cedi against the major currencies.
COMPUTATION OF REFERENCE (CLOSING) RATE
Each working day, all banks submit data on all spot US$/GH¢ transactions concluded on the reporting day before 2.00 pm. The data covers all spot transactions on the interbank markets as well as transactions with their clients that have nominal values of US$10,000 or more.
The data submitted is used to compute the weighted average exchange rate. The weighted exchange rate is published on the Bank of Ghana website, as the closing rate for the day’s transactions.
GNA