2023 BOB to ZAR Historical Review

YEARLY HIGH

2.8636 ZAR

YEARLY LOW

2.4234 ZAR

YEARLY AVERAGE

2.6711 ZAR

2023 BOB to ZAR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the BOB to ZAR exchange rate experienced significant fluctuation. The market reached its absolute peak on May 25, valuing the pair at 2.8636. Conversely, the yearly low was recorded on January 12, dropping to 2.4234.

This high-to-low spread represents a total annual volatility of 0.4402 ZAR. From a start-to-finish perspective, comparing the January average rate of 2.4713 to the December average rate of 2.6883, the exchange rate registered a net change of 8.78% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 2.8636 was up 6.97% compared to the 2022 peak of 2.6769, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 14,318 ZAR

2022 Average 11,878 ZAR

Yearly Trough Low 12,117 ZAR

Transaction Impact: A difference of 2,200.85 ZAR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

2.7948

2.4419

JanuMarcMayJulySeptNove

BOB 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 2.6366, compared to 2.7055 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0689 points.

H1 Avg (Jan–Jun) 2.6366

H2 Avg (Jul–Dec) 2.7055

Volatility Range Comparison

Volatility

The most volatile month in 2023 was July, with a trading range of 0.2263 ZAR (High: 2.7663 / Low: 2.5400). On the other end, September was the most stable month, with a tight range of 0.0686 ZAR (High: 2.7832 / Low: 2.7145).

July Spread (Volatile) ±0.2263

September Spread (Stable) ±0.0686

Growth Streaks & Declines

Trends

Between July and October, 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 0.0733 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0733

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2023: 2.7654) against the same month in 2022 (average: 2.3119), the exchange rate shifted by +0.4535 (+19.62%).

2023 Avg (May) 2.7654

2022 Avg (May) 2.3119

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.5188	2.4234	2.4713
February	2.6677	2.4670	2.5939
March	2.7569	2.5732	2.6478
April	2.6752	2.5751	2.6293
May	2.8636	2.6485	2.7654
June	2.8412	2.6314	2.7120
July	2.7663	2.5400	2.6388
August	2.7758	2.6441	2.7183
September	2.7832	2.7145	2.7455
October	2.8316	2.6996	2.7564
November	2.7345	2.6303	2.6858
December	2.7589	2.6341	2.6883