2024 AWG to ZAR Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 AWG to ZAR Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the AWG to ZAR exchange rate experienced significant fluctuation. The market reached its absolute peak on February 25, valuing the pair at 10.7275. Conversely, the yearly low was recorded on September 29, dropping to 9.4877.
This high-to-low spread represents a total annual volatility of 1.2398 ZAR. From a start-to-finish perspective, comparing the January average rate of 10.4097 to the December average rate of 10.1337, the exchange rate registered a net change of -2.65% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2024 high of 10.7275 was down 2.39% compared to the 2023 peak of 10.9906, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 AWG based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
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)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 10.3943, compared to 9.9648 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.4295 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was December, with a trading range of 0.6649 ZAR (High: 10.4999 / Low: 9.8350). On the other end, October was the most stable month, with a tight range of 0.2424 ZAR (High: 9.8702 / Low: 9.6278).
Growth Streaks & Declines
TrendsBetween October and December, 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 0.2665 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (February 2024: 10.5612) against the same month in 2023 (average: 9.9536), the exchange rate shifted by +0.6075 (+6.10%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 10.6565 | 10.1513 | 10.4097 |
| February | 10.7275 | 10.3228 | 10.5612 |
| March | 10.5891 | 10.3156 | 10.4673 |
| April | 10.7193 | 10.2509 | 10.4872 |
| May | 10.4418 | 10.0274 | 10.2207 |
| June | 10.5371 | 9.9565 | 10.2197 |
| July | 10.3292 | 9.9661 | 10.1219 |
| August | 10.3984 | 9.8260 | 10.0321 |
| September | 9.9701 | 9.4877 | 9.7689 |
| October | 9.8702 | 9.6278 | 9.7580 |
| November | 10.1503 | 9.6003 | 9.9743 |
| December | 10.4999 | 9.8350 | 10.1337 |