2023 AFN to ZAR Historical Review

YEARLY HIGH

0.2754 ZAR

YEARLY LOW

0.1873 ZAR

YEARLY AVERAGE

0.2249 ZAR

2023 AFN to ZAR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the AFN to ZAR exchange rate experienced significant fluctuation. The market reached its absolute peak on December 11, valuing the pair at 0.2754. Conversely, the yearly low was recorded on January 14, dropping to 0.1873.

This high-to-low spread represents a total annual volatility of 0.0880 ZAR. From a start-to-finish perspective, comparing the January average rate of 0.1922 to the December average rate of 0.2659, the exchange rate registered a net change of 38.34% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.2754 was up 27.92% compared to the 2022 peak of 0.2153, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 AFN based on timing:

Yearly Peak High 1,377 ZAR

2022 Average 913 ZAR

Yearly Trough Low 937 ZAR

Transaction Impact: A difference of 440.19 ZAR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.2732

0.1848

JanuMarcMayJulySeptNove

AFN to ZAR Seasonal Trends & Volatility Analysis

A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.

Seasonal Halves (H1 vs H2)

Seasonal

The average exchange rate in the first half of the year (H1: Jan–Jun) was 0.2075, compared to 0.2423 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0348 points.

H1 Avg (Jan–Jun) 0.2075

H2 Avg (Jul–Dec) 0.2423

Volatility Range Comparison

Volatility

The most volatile month in 2023 was September, with a trading range of 0.0307 ZAR (High: 0.2621 / Low: 0.2313). On the other end, January was the most stable month, with a tight range of 0.0083 ZAR (High: 0.1957 / Low: 0.1873).

September Spread (Volatile) ±0.0307

January Spread (Stable) ±0.0083

Growth Streaks & Declines

Trends

Between July and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between June and July, when the average rate fell by 0.0058 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0058

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 0.2659) against the same month in 2022 (average: 0.1977), the exchange rate shifted by +0.0682 (+34.49%).

2023 Avg (December) 0.2659

2022 Avg (December) 0.1977

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1957	0.1873	0.1922
February	0.2098	0.1896	0.2000
March	0.2178	0.2027	0.2086
April	0.2143	0.1985	0.2097
May	0.2261	0.2084	0.2183
June	0.2252	0.2079	0.2161
July	0.2229	0.2014	0.2103
August	0.2323	0.2110	0.2225
September	0.2621	0.2313	0.2435
October	0.2575	0.2430	0.2520
November	0.2737	0.2464	0.2596
December	0.2754	0.2585	0.2659