2023 ANG to ZAR Historical Review

YEARLY HIGH

10.9803 ZAR

YEARLY LOW

9.2918 ZAR

YEARLY AVERAGE

10.2418 ZAR

2023 ANG to ZAR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the ANG to ZAR exchange rate experienced significant fluctuation. The market reached its absolute peak on May 25, valuing the pair at 10.9803. Conversely, the yearly low was recorded on January 12, dropping to 9.2918.

This high-to-low spread represents a total annual volatility of 1.6885 ZAR. From a start-to-finish perspective, comparing the January average rate of 9.4753 to the December average rate of 10.3081, the exchange rate registered a net change of 8.79% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 10.9803 was up 6.98% compared to the 2022 peak of 10.2635, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 54,901 ZAR

2022 Average 45,434 ZAR

Yearly Trough Low 46,459 ZAR

Transaction Impact: A difference of 8,442.45 ZAR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

10.7139

9.3627

JanuMarcMayJulySeptNove

ANG 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 10.1104, compared to 10.3733 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.2629 points.

H1 Avg (Jan–Jun) 10.1104

H2 Avg (Jul–Dec) 10.3733

Volatility Range Comparison

Volatility

The most volatile month in 2023 was July, with a trading range of 0.8685 ZAR (High: 10.6068 / Low: 9.7383). On the other end, September was the most stable month, with a tight range of 0.2632 ZAR (High: 10.6707 / Low: 10.4075).

July Spread (Volatile) ±0.8685

September Spread (Stable) ±0.2632

Growth Streaks & Declines

Trends

Between July and October, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between June and July, when the average rate fell by 0.2791 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.2791

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2023: 10.6013) against the same month in 2022 (average: 8.8210), the exchange rate shifted by +1.7803 (+20.18%).

2023 Avg (May) 10.6013

2022 Avg (May) 8.8210

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	9.6574	9.2918	9.4753
February	10.2281	9.4589	9.9452
March	10.5703	9.8658	10.1526
April	10.2874	9.8740	10.0897
May	10.9803	10.1539	10.6013
June	10.8936	10.0894	10.3982
July	10.6068	9.7383	10.1191
August	10.6436	10.1379	10.4223
September	10.6707	10.4075	10.5262
October	10.8573	10.3506	10.5673
November	10.4849	10.0853	10.2966
December	10.5783	10.1189	10.3081