2023 ALL to ZAR Historical Review

YEARLY HIGH

0.2022 ZAR

YEARLY LOW

0.1536 ZAR

YEARLY AVERAGE

0.1839 ZAR

2023 ALL to ZAR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the ALL to ZAR exchange rate experienced significant fluctuation. The market reached its absolute peak on December 5, valuing the pair at 0.2022. Conversely, the yearly low was recorded on January 9, dropping to 0.1536.

This high-to-low spread represents a total annual volatility of 0.0487 ZAR. From a start-to-finish perspective, comparing the January average rate of 0.1582 to the December average rate of 0.1975, the exchange rate registered a net change of 24.81% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.2022 was up 23.50% compared to the 2022 peak of 0.1638, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 1,011 ZAR

2022 Average 724 ZAR

Yearly Trough Low 768 ZAR

Transaction Impact: A difference of 243.42 ZAR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.2014

0.1543

JanuMarcMayJulySeptNove

ALL 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 0.1747, compared to 0.1932 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0184 points.

H1 Avg (Jan–Jun) 0.1747

H2 Avg (Jul–Dec) 0.1932

Volatility Range Comparison

Volatility

The most volatile month in 2023 was August, with a trading range of 0.0199 ZAR (High: 0.2017 / Low: 0.1818). On the other end, September was the most stable month, with a tight range of 0.0037 ZAR (High: 0.1910 / Low: 0.1874).

August Spread (Volatile) ±0.0199

September Spread (Stable) ±0.0037

Growth Streaks & Declines

Trends

Between January and July, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 6 straight months. Conversely, the sharpest month-over-month decline occurred between August and September, when the average rate fell by 0.0046 points.

Longest Streak 6 Mo.

Sharpest MoM Drop -0.0046

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 0.1975) against the same month in 2022 (average: 0.1591), the exchange rate shifted by +0.0384 (+24.10%).

2023 Avg (December) 0.1975

2022 Avg (December) 0.1591

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1622	0.1536	0.1582
February	0.1694	0.1594	0.1659
March	0.1765	0.1674	0.1709
April	0.1828	0.1706	0.1774
May	0.1920	0.1807	0.1867
June	0.1925	0.1837	0.1892
July	0.2004	0.1840	0.1949
August	0.2017	0.1818	0.1940
September	0.1910	0.1874	0.1895
October	0.1944	0.1873	0.1901
November	0.2018	0.1850	0.1931
December	0.2022	0.1929	0.1975