2023 BAM to ZAR Historical Review

YEARLY HIGH

10.8494 ZAR

YEARLY LOW

9.1527 ZAR

YEARLY AVERAGE

10.2055 ZAR

2023 BAM to ZAR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the BAM to ZAR exchange rate experienced significant fluctuation. The market reached its absolute peak on May 25, valuing the pair at 10.8494. Conversely, the yearly low was recorded on January 4, dropping to 9.1527.

This high-to-low spread represents a total annual volatility of 1.6967 ZAR. From a start-to-finish perspective, comparing the January average rate of 9.3965 to the December average rate of 10.3782, the exchange rate registered a net change of 10.45% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 10.8494 was up 13.17% compared to the 2022 peak of 9.5869, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 54,247 ZAR

2022 Average 44,005 ZAR

Yearly Trough Low 45,764 ZAR

Transaction Impact: A difference of 8,483.67 ZAR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

10.7421

9.2742

JanuMarcMayJulySeptNove

BAM 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 10.0679, compared to 10.3431 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.2752 points.

H1 Avg (Jan–Jun) 10.0679

H2 Avg (Jul–Dec) 10.3431

Volatility Range Comparison

Volatility

The most volatile month in 2023 was July, with a trading range of 0.7343 ZAR (High: 10.6463 / Low: 9.9120). On the other end, December was the most stable month, with a tight range of 0.3351 ZAR (High: 10.5499 / Low: 10.2148).

July Spread (Volatile) ±0.7343

December Spread (Stable) ±0.3351

Growth Streaks & Declines

Trends

Between January and May, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between May and June, when the average rate fell by 0.2390 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.2390

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2023: 10.6198) against the same month in 2022 (average: 8.5975), the exchange rate shifted by +2.0222 (+23.52%).

2023 Avg (May) 10.6198

2022 Avg (May) 8.5975

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	9.6928	9.1527	9.3965
February	9.9906	9.4939	9.8172
March	10.3536	9.8436	9.9998
April	10.4126	9.8906	10.1932
May	10.8494	10.3298	10.6198
June	10.7500	10.0765	10.3808
July	10.6463	9.9120	10.2978
August	10.7083	10.2152	10.4813
September	10.5630	10.1999	10.3714
October	10.5242	10.1122	10.2847
November	10.5336	9.9205	10.2451
December	10.5499	10.2148	10.3782