2023 BTN to ZAR Historical Review

YEARLY HIGH

0.2392 ZAR

YEARLY LOW

0.2039 ZAR

YEARLY AVERAGE

0.2235 ZAR

2023 BTN to ZAR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the BTN to ZAR exchange rate experienced significant fluctuation. The market reached its absolute peak on May 25, valuing the pair at 0.2392. Conversely, the yearly low was recorded on January 4, dropping to 0.2039.

This high-to-low spread represents a total annual volatility of 0.0353 ZAR. From a start-to-finish perspective, comparing the January average rate of 0.2087 to the December average rate of 0.2232, the exchange rate registered a net change of 6.93% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.2392 was up 7.00% compared to the 2022 peak of 0.2236, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 1,196 ZAR

2022 Average 1,041 ZAR

Yearly Trough Low 1,020 ZAR

Transaction Impact: A difference of 176.58 ZAR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.2345

0.2064

JanuMarcMayJulySeptNove

BTN 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 0.2216, compared to 0.2253 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0037 points.

H1 Avg (Jan–Jun) 0.2216

H2 Avg (Jul–Dec) 0.2253

Volatility Range Comparison

Volatility

The most volatile month in 2023 was July, with a trading range of 0.0177 ZAR (High: 0.2322 / Low: 0.2145). On the other end, September was the most stable month, with a tight range of 0.0053 ZAR (High: 0.2313 / Low: 0.2260).

July Spread (Volatile) ±0.0177

September Spread (Stable) ±0.0053

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 0.0061 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0061

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2023: 0.2321) against the same month in 2022 (average: 0.2058), the exchange rate shifted by +0.0263 (+12.79%).

2023 Avg (May) 0.2321

2022 Avg (May) 0.2058

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.2136	0.2039	0.2087
February	0.2228	0.2079	0.2170
March	0.2307	0.2164	0.2223
April	0.2266	0.2162	0.2218
May	0.2392	0.2237	0.2321
June	0.2375	0.2218	0.2280
July	0.2322	0.2145	0.2219
August	0.2305	0.2221	0.2268
September	0.2313	0.2260	0.2285
October	0.2351	0.2241	0.2289
November	0.2269	0.2185	0.2228
December	0.2287	0.2194	0.2232