The pattern persisted throughout March, at which time the Cedi kept up its strength at a rate of 11.0 against the US dollar. The month-long stability of the currency rate might have given market participants a sense of comfort.

There was a minor decline in April, with the rate rising back to 10.9. Numerous factors, including trade dynamics, domestic economic policy, and global economic conditions, could be responsible for the variation.

May saw the exchange rate return to the 11.0 level, demonstrating the Cedi’s tenacity. It is probable that politicians and economists kept a careful eye on outside variables influencing the value of the currency.

The exchange rate was constant at 11.0 in June, maintaining the status quo. The foreign currency market may have felt more stable as a result of the steady performance.