2024 CAD to ZAR Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 CAD to ZAR Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the CAD to ZAR exchange rate experienced significant fluctuation. The market reached its absolute peak on February 23, valuing the pair at 14.3032. Conversely, the yearly low was recorded on November 7, dropping to 12.4776.
This high-to-low spread represents a total annual volatility of 1.8256 ZAR. From a start-to-finish perspective, comparing the January average rate of 13.9745 to the December average rate of 12.7910, the exchange rate registered a net change of -8.47% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2024 high of 14.3032 was down 2.01% compared to the 2023 peak of 14.5964, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 CAD based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
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)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 13.7835, compared to 12.9834 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.8001 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was June, with a trading range of 0.7916 ZAR (High: 13.8760 / Low: 13.0844). On the other end, October was the most stable month, with a tight range of 0.2778 ZAR (High: 12.9101 / Low: 12.6323).
Growth Streaks & Declines
TrendsNo sustained consecutive month-over-month growth streak of 2+ months occurred in 2024. Conversely, the sharpest month-over-month decline occurred between April and May, when the average rate fell by 0.3348 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (February 2024: 14.0951) against the same month in 2023 (average: 13.3187), the exchange rate shifted by +0.7764 (+5.83%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 14.2511 | 13.6362 | 13.9745 |
| February | 14.3032 | 13.8823 | 14.0951 |
| March | 14.0843 | 13.7893 | 13.9257 |
| April | 14.0352 | 13.5940 | 13.8048 |
| May | 13.7772 | 13.2390 | 13.4700 |
| June | 13.8760 | 13.0844 | 13.4307 |
| July | 13.6027 | 13.1565 | 13.2911 |
| August | 13.6155 | 12.9902 | 13.2177 |
| September | 13.2611 | 12.6566 | 12.9864 |
| October | 12.9101 | 12.6323 | 12.7705 |
| November | 13.0883 | 12.4776 | 12.8436 |
| December | 13.1317 | 12.5085 | 12.7910 |