EUR to GHS exchange rates
Convert Euros to Ghanaian Cedis here.
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Frequently Asked Questions
What is the Euro to Ghanaian Cedi exchange rate today?
Exchange rates change all the time. At TransferGo we always try to offer the best rates, and we let you know when the rates are especially good.
Is today a good day to buy Ghanaian Cedis with Euros?
There are always fluctuations in exchange rates. Whether today is a good day to buy Ghanaian Cedis with Euros depends on many factors including economic indicators and market dynamics. When you use TransferGo, you can rest assured that we’ll always try to offer the best EUR to GHS exchange rate.
What is the highest Euros to Ghanaian Cedis rate ever?
Exchange rates fluctuate as a result of various economic factors. For the most accurate information, it’s best to check a financial news source. Central banks also publish historical data on exchange rates.’
Will the Ghanaian Cedi get stronger in 2024?
It is difficult to predict the future strength of the Ghanaian Cedi as it depends on various economic, political and market factors. Economic growth, monetary policy, inflation rates, political stability, global economic conditions, current account balance, interest rates and market sentiment all play a role in the strength of a currency.
Will the Euro get stronger in 2024?
Forecasts for the Euro’s strength in 2024/25 are mixed. Some analysts, such as those from PandaForecast.com and Long Forecast, predict the Euro will strengthen, reaching around $1.21 by the end of 2025. Credit Agricole expects a rise to $1.15 (CAPEX). Conversely, Commerzbank forecasts a potential weakening to $1.08 by early 2025, while Wells Fargo and ANZ anticipate downward pressure due to European economic challenges. The European Commission projects moderate GDP growth of 1.5% and inflation at 2.2%, which could influence the Euro’s performance. US Federal Reserve rate cuts in 2024-2025 might also impact the Euro’s strength relative to the Dollar.
EUR to GHS currency information
About the Euro
The Euro is the official currency of the Eurozone, which consists of 19 of the 27 European Union member countries. Introduced in 1999 as an electronic currency and in 2002 as cash, it is one of the most widely used and traded currencies in the world. The Euro is managed by the European Central Bank (ECB) and the Eurosystem.
About the Ghanaian Cedi
The Ghanaian Cedi is the currency of Ghana, introduced in 2007, replacing the previous cedi at a rate of 1 GHS = 10,000 old cedi. It is subdivided into 100 pesewas and regulated by the Bank of Ghana. The symbol for the Cedi is ₵.
EUR to GHS Travel Money Tips
Which countries can I use Euros in?
The Euro is the official currency of 19 of the 27 European Union (EU) member countries, collectively known as the Eurozone. These countries include Austria, Belgium, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, the Netherlands, Portugal, Slovakia, Slovenia, and Spain. Additionally, the Euro is also used in several non-EU countries and territories, such as Andorra, Kosovo, Monaco, Montenegro, San Marino, and Vatican City. The Euro is widely accepted in international trade and travel across the EU and is one of the most significant global currencies.
Which countries can I use Ghanaian Cedis in?
The Ghanaian Cedi is the official currency of Ghana and is used exclusively within the country’s borders. Introduced in its current form in 2007, the Cedi is a critical part of Ghana’s economy. The currency is not widely accepted outside Ghana, requiring currency exchange for international transactions and travel. The Bank of Ghana regulates and issues the Cedi, maintaining its stability and value in the domestic market.
How can I convert Euros to Ghanaian Cedis with TransferGo?
1. Choose the amount and currency
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2. Add the receiver’s details
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3. Pay for the transfer
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How long does my international money transfer take?
It all depends on which delivery method you choose. If you choose TransferGo’s ‘Instant’ option, the money will arrive in under 30 minutes—usually, the transfer time is 2 or 3 minutes max. If you choose ‘Standard’, your money will arrive within one working day.
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