2023 AZN to ZAR Historical Review

YEARLY HIGH

11.6371 ZAR

YEARLY LOW

9.8502 ZAR

YEARLY AVERAGE

10.8528 ZAR

2023 AZN to ZAR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the AZN to ZAR exchange rate experienced significant fluctuation. The market reached its absolute peak on May 25, valuing the pair at 11.6371. Conversely, the yearly low was recorded on January 12, dropping to 9.8502.

This high-to-low spread represents a total annual volatility of 1.7868 ZAR. From a start-to-finish perspective, comparing the January average rate of 10.0452 to the December average rate of 10.9393, 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 11.6371 was up 7.46% compared to the 2022 peak of 10.8288, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 58,185 ZAR

2022 Average 48,164 ZAR

Yearly Trough Low 49,251 ZAR

Transaction Impact: A difference of 8,934.16 ZAR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

11.3549

9.9262

JanuMarcMayJulySeptNove

AZN 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 10.7128, compared to 10.9928 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.2800 points.

H1 Avg (Jan–Jun) 10.7128

H2 Avg (Jul–Dec) 10.9928

Volatility Range Comparison

Volatility

The most volatile month in 2023 was July, with a trading range of 0.9194 ZAR (High: 11.2458 / Low: 10.3264). On the other end, September was the most stable month, with a tight range of 0.2767 ZAR (High: 11.3034 / Low: 11.0267).

July Spread (Volatile) ±0.9194

September Spread (Stable) ±0.2767

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 0.3064 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.3064

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2023: 11.2358) against the same month in 2022 (average: 9.3502), the exchange rate shifted by +1.8857 (+20.17%).

2023 Avg (May) 11.2358

2022 Avg (May) 9.3502

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	10.2377	9.8502	10.0452
February	10.8372	10.0269	10.5444
March	11.0491	10.4609	10.7451
April	10.8870	10.4670	10.6855
May	11.6371	10.7615	11.2358
June	11.5444	10.6949	11.0207
July	11.2458	10.3264	10.7143
August	11.2857	10.7520	11.0489
September	11.3034	11.0267	11.1569
October	11.4784	10.9707	11.1957
November	11.1089	10.6999	10.9018
December	11.2245	10.7415	10.9393