2024 AZN to ZAR Historical Review

YEARLY HIGH

11.3585 ZAR

YEARLY LOW

10.0597 ZAR

YEARLY AVERAGE

10.7835 ZAR

2024 AZN to ZAR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the AZN to ZAR exchange rate experienced significant fluctuation. The market reached its absolute peak on February 25, valuing the pair at 11.3585. Conversely, the yearly low was recorded on September 29, dropping to 10.0597.

This high-to-low spread represents a total annual volatility of 1.2988 ZAR. From a start-to-finish perspective, comparing the January average rate of 11.0279 to the December average rate of 10.7311, the exchange rate registered a net change of -2.69% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 11.3585 was down 2.39% compared to the 2023 peak of 11.6371, 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 56,793 ZAR

2023 Average 54,272 ZAR

Yearly Trough Low 50,299 ZAR

Transaction Impact: A difference of 6,494.11 ZAR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

11.2741

10.2513

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 11.0117, compared to 10.5552 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.4565 points.

H1 Avg (Jan–Jun) 11.0117

H2 Avg (Jul–Dec) 10.5552

Volatility Range Comparison

Volatility

The most volatile month in 2024 was December, with a trading range of 0.7041 ZAR (High: 11.1176 / Low: 10.4135). On the other end, October was the most stable month, with a tight range of 0.2570 ZAR (High: 10.4653 / Low: 10.2083).

December Spread (Volatile) ±0.7041

October Spread (Stable) ±0.2570

Growth Streaks & Declines

Trends

Between 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 0.2773 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.2773

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2024: 11.1888) against the same month in 2023 (average: 10.5444), the exchange rate shifted by +0.6445 (+6.11%).

2024 Avg (February) 11.1888

2023 Avg (February) 10.5444

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	11.2990	10.7634	11.0279
February	11.3585	10.9300	11.1888
March	11.2276	10.9224	11.0888
April	11.3499	10.8539	11.1070
May	11.0561	10.6251	10.8297
June	11.1569	10.5495	10.8282
July	10.9444	10.5611	10.7229
August	11.0177	10.4166	10.6265
September	10.5653	10.0597	10.3497
October	10.4653	10.2083	10.3365
November	10.7548	10.1791	10.5645
December	11.1176	10.4135	10.7311