2023 AWG to ZAR Historical Review

YEARLY HIGH

10.9906 ZAR

YEARLY LOW

9.2901 ZAR

YEARLY AVERAGE

10.2460 ZAR

2023 AWG to ZAR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the AWG to ZAR exchange rate experienced significant fluctuation. The market reached its absolute peak on May 25, valuing the pair at 10.9906. Conversely, the yearly low was recorded on January 12, dropping to 9.2901.

This high-to-low spread represents a total annual volatility of 1.7005 ZAR. From a start-to-finish perspective, comparing the January average rate of 9.4813 to the December average rate of 10.3251, the exchange rate registered a net change of 8.90% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 10.9906 was up 7.46% compared to the 2022 peak of 10.2272, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 54,953 ZAR

2022 Average 45,487 ZAR

Yearly Trough Low 46,450 ZAR

Transaction Impact: A difference of 8,502.33 ZAR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

10.7163

9.3690

JanuMarcMayJulySeptNove

AWG 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 10.1117, compared to 10.3802 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.2685 points.

H1 Avg (Jan–Jun) 10.1117

H2 Avg (Jul–Dec) 10.3802

Volatility Range Comparison

Volatility

The most volatile month in 2023 was July, with a trading range of 0.8633 ZAR (High: 10.6093 / Low: 9.7459). On the other end, September was the most stable month, with a tight range of 0.2403 ZAR (High: 10.6690 / Low: 10.4286).

July Spread (Volatile) ±0.8633

September Spread (Stable) ±0.2403

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 0.2918 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.2918

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2023: 10.6041) against the same month in 2022 (average: 8.8351), the exchange rate shifted by +1.7690 (+20.02%).

2023 Avg (May) 10.6041

2022 Avg (May) 8.8351

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	9.6632	9.2901	9.4813
February	10.2352	9.4699	9.9536
March	10.4353	9.8660	10.1452
April	10.2679	9.8855	10.0845
May	10.9906	10.1566	10.6041
June	10.8879	10.0868	10.4018
July	10.6093	9.7459	10.1100
August	10.6587	10.1547	10.4281
September	10.6690	10.4286	10.5337
October	10.8257	10.3613	10.5681
November	10.6816	10.1055	10.3165
December	10.5862	10.1447	10.3251