2024 AFN to ZAR Historical Review

YEARLY HIGH

0.2729 ZAR

YEARLY LOW

0.2495 ZAR

YEARLY AVERAGE

0.2600 ZAR

2024 AFN to ZAR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the AFN to ZAR exchange rate experienced significant fluctuation. The market reached its absolute peak on November 14, valuing the pair at 0.2729. Conversely, the yearly low was recorded on August 19, dropping to 0.2495.

This high-to-low spread represents a total annual volatility of 0.0234 ZAR. From a start-to-finish perspective, comparing the January average rate of 0.2622 to the December average rate of 0.2628, the exchange rate registered a net change of 0.23% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.2729 was down 0.90% compared to the 2023 peak of 0.2754, 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 1,364 ZAR

2023 Average 1,125 ZAR

Yearly Trough Low 1,247 ZAR

Transaction Impact: A difference of 117.15 ZAR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.2666

0.2519

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 0.2607, compared to 0.2593 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0014 points.

H1 Avg (Jan–Jun) 0.2607

H2 Avg (Jul–Dec) 0.2593

Volatility Range Comparison

Volatility

The most volatile month in 2024 was November, with a trading range of 0.0186 ZAR (High: 0.2729 / Low: 0.2543). On the other end, September was the most stable month, with a tight range of 0.0047 ZAR (High: 0.2558 / Low: 0.2511).

November Spread (Volatile) ±0.0186

September Spread (Stable) ±0.0047

Growth Streaks & Declines

Trends

Between February and April, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between April and May, when the average rate fell by 0.0062 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0062

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2024: 0.2654) against the same month in 2023 (average: 0.2596), the exchange rate shifted by +0.0058 (+2.22%).

2024 Avg (November) 0.2654

2023 Avg (November) 0.2596

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.2672	0.2512	0.2622
February	0.2661	0.2512	0.2600
March	0.2685	0.2572	0.2613
April	0.2680	0.2565	0.2631
May	0.2666	0.2523	0.2569
June	0.2703	0.2543	0.2610
July	0.2626	0.2535	0.2576
August	0.2640	0.2495	0.2552
September	0.2558	0.2511	0.2531
October	0.2713	0.2528	0.2620
November	0.2729	0.2543	0.2654
December	0.2688	0.2528	0.2628