2023 CAD to ZAR Historical Review

YEARLY HIGH

14.5964 ZAR

YEARLY LOW

12.4579 ZAR

YEARLY AVERAGE

13.6668 ZAR

2023 CAD to ZAR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the CAD to ZAR exchange rate experienced significant fluctuation. The market reached its absolute peak on June 1, valuing the pair at 14.5964. Conversely, the yearly low was recorded on January 3, dropping to 12.4579.

This high-to-low spread represents a total annual volatility of 2.1385 ZAR. From a start-to-finish perspective, comparing the January average rate of 12.7255 to the December average rate of 13.8668, the exchange rate registered a net change of 8.97% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 14.5964 was up 8.30% compared to the 2022 peak of 13.4775, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 72,982 ZAR

2022 Average 62,834 ZAR

Yearly Trough Low 62,290 ZAR

Transaction Impact: A difference of 10,692.49 ZAR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

14.2574

12.5863

JanuMarcMayJulySeptNove

CAD 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 13.5061, compared to 13.8275 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.3213 points.

H1 Avg (Jan–Jun) 13.5061

H2 Avg (Jul–Dec) 13.8275

Volatility Range Comparison

Volatility

The most volatile month in 2023 was May, with a trading range of 1.1098 ZAR (High: 14.5397 / Low: 13.4299). On the other end, September was the most stable month, with a tight range of 0.3485 ZAR (High: 14.2230 / Low: 13.8745).

May Spread (Volatile) ±1.1098

September Spread (Stable) ±0.3485

Growth Streaks & Declines

Trends

Between January and May, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between October and November, when the average rate fell by 0.3559 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.3559

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (June 2023: 14.0997) against the same month in 2022 (average: 12.3462), the exchange rate shifted by +1.7535 (+14.20%).

2023 Avg (June) 14.0997

2022 Avg (June) 12.3462

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	13.0774	12.4579	12.7255
February	13.5656	12.8281	13.3187
March	13.6394	13.1504	13.3354
April	13.7121	13.1529	13.4394
May	14.5397	13.4299	14.1181
June	14.5964	13.7401	14.0997
July	14.3781	13.3026	13.7681
August	14.1979	13.6314	13.9292
September	14.2230	13.8745	13.9971
October	14.2340	13.4380	13.8797
November	13.9098	13.2921	13.5239
December	14.2054	13.6779	13.8668