2024 BAM to ZAR Historical Review

YEARLY HIGH

10.6988 ZAR

YEARLY LOW

9.5181 ZAR

YEARLY AVERAGE

10.1433 ZAR

2024 BAM to ZAR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the BAM to ZAR exchange rate experienced significant fluctuation. The market reached its absolute peak on February 25, valuing the pair at 10.6988. Conversely, the yearly low was recorded on December 11, dropping to 9.5181.

This high-to-low spread represents a total annual volatility of 1.1808 ZAR. From a start-to-finish perspective, comparing the January average rate of 10.4639 to the December average rate of 9.7747, the exchange rate registered a net change of -6.59% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 10.6988 was down 1.39% compared to the 2023 peak of 10.8494, 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 53,494 ZAR

2023 Average 51,038 ZAR

Yearly Trough Low 47,590 ZAR

Transaction Impact: A difference of 5,903.80 ZAR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

10.5757

9.6905

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 10.3522, compared to 9.9344 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.4178 points.

H1 Avg (Jan–Jun) 10.3522

H2 Avg (Jul–Dec) 9.9344

Volatility Range Comparison

Volatility

The most volatile month in 2024 was June, with a trading range of 0.7320 ZAR (High: 10.5631 / Low: 9.8311). On the other end, October was the most stable month, with a tight range of 0.1856 ZAR (High: 9.8980 / Low: 9.7124).

June Spread (Volatile) ±0.7320

October Spread (Stable) ±0.1856

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2024. Conversely, the sharpest month-over-month decline occurred between September and October, when the average rate fell by 0.2043 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.2043

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2024: 10.5019) against the same month in 2023 (average: 9.8172), the exchange rate shifted by +0.6848 (+6.98%).

2024 Avg (February) 10.5019

2023 Avg (February) 9.8172

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	10.6985	10.2506	10.4639
February	10.6988	10.3160	10.5019
March	10.5930	10.3363	10.4793
April	10.5269	10.2164	10.3639
May	10.4310	10.0172	10.1729
June	10.5631	9.8311	10.1314
July	10.2308	9.9782	10.1135
August	10.4527	9.9926	10.1675
September	10.1368	9.7631	9.9953
October	9.8980	9.7124	9.7911
November	9.9832	9.5218	9.7643
December	10.0591	9.5181	9.7747