YEARLY HIGH
3.5527 PHP
YEARLY LOW
3.1012 PHP
YEARLY AVERAGE
3.3350 PHP

2021 ZAR to PHP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the ZAR to PHP exchange rate experienced significant fluctuation. The market reached its absolute peak on June 4, valuing the pair at 3.5527. Conversely, the yearly low was recorded on January 11, dropping to 3.1012.

This high-to-low spread represents a total annual volatility of 0.4516 PHP. From a start-to-finish perspective, comparing the January average rate of 3.1807 to the December average rate of 3.1689, the exchange rate registered a net change of -0.37% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2021 high of 3.5527 was down 1.71% compared to the 2020 peak of 3.6145, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 50,000 ZAR based on timing:

Yearly Peak High 177,636 PHP
2020 Average 151,496 PHP
Yearly Trough Low 155,058 PHP
Transaction Impact: A difference of 22,578.63 PHP purely based on transaction execution date.

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3.4897
3.1397
JanuMarcMayJulySeptNove

ZAR to PHP 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 3.3194, compared to 3.3506 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0312 points.

H1 Avg (Jan–Jun) 3.3194
H2 Avg (Jul–Dec) 3.3506

Volatility Range Comparison

Volatility

The most volatile month in 2021 was November, with a trading range of 0.2559 PHP (High: 3.3589 / Low: 3.1030). On the other end, April was the most stable month, with a tight range of 0.1067 PHP (High: 3.4204 / Low: 3.3137).

November Spread (Volatile) Âą0.2559
April Spread (Stable) Âą0.1067

Growth Streaks & Declines

Trends

Between 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 October and November, when the average rate fell by 0.1709 points.

Longest Streak 3 Mo.
Sharpest MoM Drop -0.1709

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (June 2021: 3.4606) against the same month in 2020 (average: 2.9238), the exchange rate shifted by +0.5368 (+18.36%).

2021 Avg (June) 3.4606
2020 Avg (June) 2.9238

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Month High Low Average
January 3.2967 3.1012 3.1807
February 3.3524 3.1899 3.2705
March 3.3225 3.1339 3.2393
April 3.4204 3.3137 3.3583
May 3.4969 3.3197 3.4073
June 3.5527 3.3792 3.4606
July 3.5255 3.3834 3.4495
August 3.4760 3.2646 3.3939
September 3.5313 3.3568 3.4447
October 3.5206 3.3141 3.4089
November 3.3589 3.1030 3.2380
December 3.2325 3.1239 3.1689