2024 BMD to ZAR Historical Review

YEARLY HIGH

19.3095 ZAR

YEARLY LOW

17.1015 ZAR

YEARLY AVERAGE

18.3330 ZAR

2024 BMD to ZAR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the BMD to ZAR exchange rate experienced significant fluctuation. The market reached its absolute peak on February 25, valuing the pair at 19.3095. Conversely, the yearly low was recorded on September 29, dropping to 17.1015.

This high-to-low spread represents a total annual volatility of 2.2080 ZAR. From a start-to-finish perspective, comparing the January average rate of 18.7512 to the December average rate of 18.2429, the exchange rate registered a net change of -2.71% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 19.3095 was down 2.39% compared to the 2023 peak of 19.7830, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 96,547 ZAR

2023 Average 92,267 ZAR

Yearly Trough Low 85,508 ZAR

Transaction Impact: A difference of 11,039.99 ZAR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

19.1659

17.4272

JanuMarcMayJulySeptNove

BMD 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 18.7222, compared to 17.9439 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.7784 points.

H1 Avg (Jan–Jun) 18.7222

H2 Avg (Jul–Dec) 17.9439

Volatility Range Comparison

Volatility

The most volatile month in 2024 was December, with a trading range of 1.1969 ZAR (High: 18.8999 / Low: 17.7030). On the other end, October was the most stable month, with a tight range of 0.4369 ZAR (High: 17.7911 / Low: 17.3542).

December Spread (Volatile) ±1.1969

October Spread (Stable) ±0.4369

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 0.4754 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.4754

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2024: 19.0210) against the same month in 2023 (average: 17.9254), the exchange rate shifted by +1.0956 (+6.11%).

2024 Avg (February) 19.0210

2023 Avg (February) 17.9254

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	19.2083	18.2978	18.7512
February	19.3095	18.5810	19.0210
March	19.0869	18.5680	18.8569
April	19.2948	18.4517	18.8859
May	18.7953	18.0626	18.4105
June	18.9667	17.9342	18.4079
July	18.6054	17.9539	18.2289
August	18.7301	17.7081	18.0650
September	17.9611	17.1015	17.5945
October	17.7911	17.3542	17.5721
November	18.2832	17.3045	17.9597
December	18.8999	17.7030	18.2429