2019 BND to ZAR Historical Review

YEARLY HIGH

11.4468 ZAR

YEARLY LOW

8.4177 ZAR

YEARLY AVERAGE

10.5383 ZAR

2019 BND to ZAR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2019

During 2019, the BND to ZAR exchange rate experienced significant fluctuation. The market reached its absolute peak on August 19, valuing the pair at 11.4468. Conversely, the yearly low was recorded on January 31, dropping to 8.4177.

This high-to-low spread represents a total annual volatility of 3.0291 ZAR. From a start-to-finish perspective, comparing the January average rate of 8.8253 to the December average rate of 10.6086, the exchange rate registered a net change of 20.21% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2019 high of 11.4468 was up 6.52% compared to the 2018 peak of 10.7467, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 57,234 ZAR

2018 Average 47,040 ZAR

Yearly Trough Low 42,088 ZAR

Transaction Impact: A difference of 15,145.56 ZAR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2019.

11.4761

8.5843

JanuMarcMayJulySeptNove

BND 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 10.2440, compared to 10.8325 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.5885 points.

H1 Avg (Jan–Jun) 10.2440

H2 Avg (Jul–Dec) 10.8325

Volatility Range Comparison

Volatility

The most volatile month in 2019 was February, with a trading range of 2.0071 ZAR (High: 10.4614 / Low: 8.4542). On the other end, March was the most stable month, with a tight range of 0.3267 ZAR (High: 10.8170 / Low: 10.4904).

February Spread (Volatile) ±2.0071

March Spread (Stable) ±0.3267

Growth Streaks & Declines

Trends

Between January and March, 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 June and July, when the average rate fell by 0.3694 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.3694

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2019: 11.2351) against the same month in 2018 (average: 9.3350), the exchange rate shifted by +1.9001 (+20.35%).

2019 Avg (August) 11.2351

2018 Avg (August) 9.3350

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	10.0836	8.4177	8.8253
February	10.4614	8.4542	10.0704
March	10.8170	10.4904	10.6545
April	10.7025	10.2964	10.4696
May	10.9495	10.4863	10.6638
June	11.1194	10.4241	10.7806
July	10.6218	10.2457	10.4112
August	11.4468	10.8248	11.2351
September	11.2911	10.7940	10.9984
October	11.3561	10.6992	10.8714
November	11.0690	10.7222	10.8704
December	10.8745	10.3731	10.6086