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2021 SZL to BWP Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2021
During 2021, the SZL to BWP exchange rate experienced significant fluctuation. The market reached its absolute peak on June 17, valuing the pair at 0.7890. Conversely, the yearly low was recorded on January 11, dropping to 0.7168.
This high-to-low spread represents a total annual volatility of 0.0722 BWP. From a start-to-finish perspective, comparing the January average rate of 0.7270 to the December average rate of 0.7386, the exchange rate registered a net change of 1.61% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2021 high of 0.7890 was up 4.26% compared to the 2020 peak of 0.7568, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 SZL based on timing:
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SZL to BWP Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: JanâJun) was 0.7490, compared to 0.7524 in the second half (H2: JulâDec). This shows that the rate was stronger in the second half (JulâDec) by a margin of 0.0035 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2021 was November, with a trading range of 0.0287 BWP (High: 0.7586 / Low: 0.7299). On the other end, April was the most stable month, with a tight range of 0.0140 BWP (High: 0.7624 / Low: 0.7483).
Growth Streaks & Declines
TrendsBetween March and June, 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 June and July, when the average rate fell by 0.0141 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (June 2021: 0.7736) against the same month in 2020 (average: 0.6835), the exchange rate shifted by +0.0900 (+13.17%).
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| Month | High | Low | Average |
|---|---|---|---|
| January | 0.7374 | 0.7168 | 0.7270 |
| February | 0.7466 | 0.7264 | 0.7376 |
| March | 0.7461 | 0.7226 | 0.7375 |
| April | 0.7624 | 0.7483 | 0.7542 |
| May | 0.7729 | 0.7529 | 0.7639 |
| June | 0.7890 | 0.7633 | 0.7736 |
| July | 0.7707 | 0.7478 | 0.7595 |
| August | 0.7630 | 0.7378 | 0.7524 |
| September | 0.7757 | 0.7472 | 0.7617 |
| October | 0.7693 | 0.7440 | 0.7567 |
| November | 0.7586 | 0.7299 | 0.7458 |
| December | 0.7508 | 0.7305 | 0.7386 |