YEARLY HIGH
0.3106 ZAR
YEARLY LOW
0.2626 ZAR
YEARLY AVERAGE
0.2870 ZAR

2021 GMD to ZAR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the GMD to ZAR exchange rate experienced significant fluctuation. The market reached its absolute peak on November 26, valuing the pair at 0.3106. Conversely, the yearly low was recorded on June 6, dropping to 0.2626.

This high-to-low spread represents a total annual volatility of 0.0480 ZAR. From a start-to-finish perspective, comparing the January average rate of 0.2926 to the December average rate of 0.3023, the exchange rate registered a net change of 3.31% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2021 high of 0.3106 was down 17.89% compared to the 2020 peak of 0.3782, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 1,553 ZAR
2020 Average 1,600 ZAR
Yearly Trough Low 1,313 ZAR
Transaction Impact: A difference of 240.02 ZAR purely based on transaction execution date.

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0.3053
0.2693
JanuMarcMayJulySeptNove

GMD 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 0.2835, compared to 0.2906 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0071 points.

H1 Avg (Jan–Jun) 0.2835
H2 Avg (Jul–Dec) 0.2906

Volatility Range Comparison

Volatility

The most volatile month in 2021 was November, with a trading range of 0.0242 ZAR (High: 0.3106 / Low: 0.2863). On the other end, April was the most stable month, with a tight range of 0.0087 ZAR (High: 0.2862 / Low: 0.2775).

November Spread (Volatile) Âą0.0242
April Spread (Stable) Âą0.0087

Growth Streaks & Declines

Trends

Between September and December, 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 March and April, when the average rate fell by 0.0101 points.

Longest Streak 3 Mo.
Sharpest MoM Drop -0.0101

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2021: 0.2979) against the same month in 2020 (average: 0.2998), the exchange rate shifted by -0.0019 (-0.65%).

2021 Avg (November) 0.2979
2020 Avg (November) 0.2998

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Month High Low Average
January 0.3001 0.2832 0.2926
February 0.2949 0.2809 0.2872
March 0.3025 0.2857 0.2921
April 0.2862 0.2775 0.2820
May 0.2834 0.2681 0.2745
June 0.2809 0.2626 0.2723
July 0.2902 0.2775 0.2836
August 0.2999 0.2799 0.2892
September 0.2946 0.2720 0.2835
October 0.2932 0.2771 0.2871
November 0.3106 0.2863 0.2979
December 0.3080 0.2960 0.3023