YEARLY HIGH
1.0277 SZL
YEARLY LOW
0.9735 SZL
YEARLY AVERAGE
0.9991 SZL

2021 ZAR to SZL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the ZAR to SZL exchange rate experienced significant fluctuation. The market reached its absolute peak on April 15, valuing the pair at 1.0277. Conversely, the yearly low was recorded on June 17, dropping to 0.9735.

This high-to-low spread represents a total annual volatility of 0.0542 SZL. From a start-to-finish perspective, comparing the January average rate of 0.9986 to the December average rate of 0.9998, the exchange rate registered a net change of 0.12% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2021 high of 1.0277 was up 0.26% compared to the 2020 peak of 1.0251, 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 51,387 SZL
2020 Average 49,965 SZL
Yearly Trough Low 48,675 SZL
Transaction Impact: A difference of 2,711.86 SZL purely based on transaction execution date.

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1.0018
0.9947
JanuMarcMayJulySeptNove

ZAR to SZL 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 0.9994, compared to 0.9988 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0006 points.

H1 Avg (Jan–Jun) 0.9994
H2 Avg (Jul–Dec) 0.9988

Volatility Range Comparison

Volatility

The most volatile month in 2021 was June, with a trading range of 0.0406 SZL (High: 1.0141 / Low: 0.9735). On the other end, May was the most stable month, with a tight range of 0.0257 SZL (High: 1.0136 / Low: 0.9879).

June Spread (Volatile) Âą0.0406
May Spread (Stable) Âą0.0257

Growth Streaks & Declines

Trends

Between June and August, 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 May and June, when the average rate fell by 0.0056 points.

Longest Streak 2 Mo.
Sharpest MoM Drop -0.0056

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2021: 1.0012) against the same month in 2020 (average: 0.9965), the exchange rate shifted by +0.0047 (+0.47%).

2021 Avg (April) 1.0012
2020 Avg (April) 0.9965

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Month High Low Average
January 1.0153 0.9839 0.9986
February 1.0156 0.9775 1.0002
March 1.0190 0.9819 1.0000
April 1.0277 0.9875 1.0012
May 1.0136 0.9879 1.0009
June 1.0141 0.9735 0.9953
July 1.0115 0.9807 0.9986
August 1.0162 0.9883 1.0010
September 1.0142 0.9836 0.9975
October 1.0180 0.9805 0.9995
November 1.0133 0.9789 0.9963
December 1.0134 0.9846 0.9998