Historic Ghana Cedi Norwegian krone

Ghana Cedi norwegian krone history for October 2023. The highest quote for this month is 0.9532 (26/10/2023) and the lowest 0.9483 (26/10/2023). The difference between high and low is 0.51.

GHS NOK average rate for October 2023 is 0.93576, the change between 01/10/2023 and 31/10/2023 is -1.65 %.

01 October 20231 GHS = 0.9246 NOK
02 October 20231 GHS = 0.9213 NOK
03 October 20231 GHS = 0.9383 NOK
04 October 20231 GHS = 0.9451 NOK
05 October 20231 GHS = 0.9446 NOK
06 October 20231 GHS = 0.9403 NOK
07 October 20231 GHS = 0.9358 NOK
09 October 20231 GHS = 0.9319 NOK
10 October 20231 GHS = 0.9185 NOK
11 October 20231 GHS = 0.9194 NOK
12 October 20231 GHS = 0.9248 NOK
13 October 20231 GHS = 0.9354 NOK
16 October 20231 GHS = 0.9303 NOK
17 October 20231 GHS = 0.9307 NOK
18 October 20231 GHS = 0.9336 NOK
19 October 20231 GHS = 0.9413 NOK
20 October 20231 GHS = 0.9356 NOK
23 October 20231 GHS = 0.9436 NOK
24 October 20231 GHS = 0.9393 NOK
25 October 20231 GHS = 0.9455 NOK
26 October 20231 GHS = 0.9485 NOK
27 October 20231 GHS = 0.9469 NOK
30 October 20231 GHS = 0.9431 NOK
31 October 20231 GHS = 0.9399 NOK

16/09/2019: Ghana Goes Cashless

The government launched the Ghana.Gov payment platform, aimed at promoting electronic payments and reducing cash transactions.

30/10/2016: Withdrawal of the 1000-krone banknote

The Norges Bank phased out the 1000-krone banknote, as part of efforts to combat money laundering and reduce the use of cash in the economy.

05/07/2012: GHS Symbol Change

The Bank of Ghana introduced a new currency symbol for the cedi, changing it from GHȼ to GHS.

03/07/2007: Decimals Dropped

The Bank of Ghana dropped four decimal places, making 1 new Ghanaian cedi = 1 GHȼ.

01/07/2002: Replacement of New Cedi

The new Ghanaian cedi, denoted as GHC, replaced the second cedi at a rate of 1 cedi = 10,000 cedis.

01/01/1999: Creation of the euro

Several European countries introduced the euro as a common currency, but Norway chose to maintain the krone, cementing its separate monetary path.

19/11/1992: Norway rejects European Union membership

In a referendum, Norway voted against joining the European Union, reaffirming its independent monetary policy and keeping the krone outside the eurozone.

17/07/1978: Second Cedi Introduced

Due to high inflation, the second Ghanaian cedi was introduced with a new currency code, GHS.

19/07/1965: Cedi Introduced

The Ghanaian pound was replaced by the Ghanaian cedi at a rate of 1 pound = 2.4 cedis, symbolizing economic independence.

06/03/1957: Ghana's Independence

Ghana gained independence from British colonial rule, leading to the introduction of the Ghanaian pound as its currency.

22/10/1931: Devaluation of the krone

To counter the effects of the Great Depression, Norway devalued the krone by 14%, aiming to boost exports and stimulate the economy.

01/11/1920: Krone's return to the gold standard

Following the end of World War I, Norway reintroduced the gold standard for the krone, stabilizing its value and restoring confidence in the currency.

02/08/1914: Suspension of krone's gold standard

Due to the outbreak of World War I, Norway suspended the krone's convertibility into gold, allowing for more flexibility in monetary policy during the war.

27/10/1875: The introduction of the krone currency

The krone was established as the official currency of Norway, replacing the previous speciedaler, marking a significant milestone in the country's monetary history.