2024 BND to ZAR Historical Review

YEARLY HIGH

14.3734 ZAR

YEARLY LOW

13.0471 ZAR

YEARLY AVERAGE

13.7190 ZAR

2024 BND to ZAR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the BND to ZAR exchange rate experienced significant fluctuation. The market reached its absolute peak on February 25, valuing the pair at 14.3734. Conversely, the yearly low was recorded on November 7, dropping to 13.0471.

This high-to-low spread represents a total annual volatility of 1.3262 ZAR. From a start-to-finish perspective, comparing the January average rate of 14.0452 to the December average rate of 13.5123, the exchange rate registered a net change of -3.79% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 14.3734 was down 2.02% compared to the 2023 peak of 14.6691, 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 71,867 ZAR

2023 Average 68,716 ZAR

Yearly Trough Low 65,236 ZAR

Transaction Impact: A difference of 6,631.24 ZAR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

14.2192

13.3378

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 13.9040, compared to 13.5341 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.3699 points.

H1 Avg (Jan–Jun) 13.9040

H2 Avg (Jul–Dec) 13.5341

Volatility Range Comparison

Volatility

The most volatile month in 2024 was June, with a trading range of 0.8389 ZAR (High: 14.1001 / Low: 13.2613). On the other end, October was the most stable month, with a tight range of 0.2122 ZAR (High: 13.5365 / Low: 13.3243).

June Spread (Volatile) ±0.8389

October Spread (Stable) ±0.2122

Growth Streaks & Declines

Trends

Between October and December, 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 April and May, when the average rate fell by 0.3014 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.3014

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2024: 14.1457) against the same month in 2023 (average: 13.4573), the exchange rate shifted by +0.6884 (+5.12%).

2024 Avg (February) 14.1457

2023 Avg (February) 13.4573

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	14.3268	13.7420	14.0452
February	14.3734	13.8888	14.1457
March	14.2234	13.8930	14.0666
April	14.1631	13.7083	13.9260
May	13.9089	13.4065	13.6246
June	14.1001	13.2613	13.6158
July	13.7171	13.3476	13.5405
August	14.1390	13.5104	13.7300
September	13.7574	13.3335	13.5705
October	13.5365	13.3243	13.4112
November	13.6990	13.0471	13.4399
December	13.8946	13.1883	13.5123