Hence, this analysis has shown that the exchange rate between the Ghana Cedi and the US dollar is best modeled by the lognormal distribution. From the analysis, it was observed that the data follow the lognormal distribution. The data used in this research was the monthly exchange rate between the Ghana Cedi and the American dollar from the year 2000 to 2017.
Knowing the type of distribution the exchange rate between the two currencies follow will give stakeholders adequate information to prevent future shocks and loses from any volatility. This has necessitated the need to have a reliable method for evaluating and minimizing the risk of trading in these currencies. The volatility of the US dollar/Ghana Cedi exchange rate is high. The interest in exchange rate volatility by researchers can be attributed to the fact that, it is empirically difficult to predict future exchange rates precisely. Volatilities in these data to a large extent have significant effect on the individuals and the country. Economic data in recent times is of much importance to many persons as well as the managers of a country as a whole. Other banknotes and coins feature additional Ghanaian symbols, such as the emblems on the reverse side of every coin, a cocoa bean, of which the country is the world's leading producer, on the 20 Pesewas coin, or else a diamond on the 1000 Cedi bill.The aim of this research is to find the best probability distribution function (PDF) that fits the data on exchange rate between the Ghana Cedi and American dollar. At the beginning of the 20th century, this petite lady took the reins of the rebellion against the British colonists in place of men who were afraid. There is only one exception: That of Yaa Asantewaa, Queen Mother of the Ashanti Empire, whose portrait appears on the 20 Cedi bill. Convert from Ghana Cedi to Czech Koruna: 2.6073440 DKK: Danish Krone: Convert from Ghana Cedi to Danish Krone: 0.7963425 EUR: Euro: Convert from Ghana Cedi to Euro: 0.1070710 GBP: British Pound Sterling: Convert from Ghana Cedi to British Pound Sterling: 0.0904926 HRK: Croatian Kuna: Convert from Ghana Cedi to Croatian Kuna: 0.8045527 HUF. On the 10,000 Cedi bill, there is also a group of 6 political leaders, including Kwame Nkrumah, an independent politician, who was jailed by the British until 1951, after which he held the position of Prime Minister from 1957 to 1960, and President from 1960 to 1966. Kwasi Nukpor, who are key players in Ghana's political scene today. The upper face of the10 Cedi bill displays: Wordsworth Odame Larbi, Fred Otoo, and E. Ghana's political figureheads are gathered on 2 banknotes. The Cedi is divided into 100 pesewa, which is the name of a plant seed that originally served as a unit weight for gold. Long ago, the exchange currency in Ghana consisted only of shells – the cypraea (cowry shell), which gave its name to the currency used today in Ghana. the Ghanaian cedi has 4 banknotes ( ₵5, ₵10, ₵20 and ₵50 ).There are 6 coins for the Ghanaian cedi ( 1 Gp, 5 Gp, 10 Gp, 20 Gp, 50 Gp and ₵1 ),.the Ghanaian cedi was introduced in (15 years ago).The most popular conversions of Ghanaian cedi are.The Ghanaian Cedi is divided in 100 pesewas. The Ghanaian Cedi is the currency of Ghana. convert Malaysian ringgit to Indian rupeeĬurrency of Ghana: Ghanaian cedi, today's rate ₵.convert Bangladeshi taka to Indian rupee.
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