2023 CDF to ZAR Historical Review

YEARLY HIGH

0.0095 ZAR

YEARLY LOW

0.0065 ZAR

YEARLY AVERAGE

0.0080 ZAR

2023 CDF to ZAR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the CDF to ZAR exchange rate experienced significant fluctuation. The market reached its absolute peak on May 13, valuing the pair at 0.0095. Conversely, the yearly low was recorded on December 21, dropping to 0.0065.

This high-to-low spread represents a total annual volatility of 0.0029 ZAR. From a start-to-finish perspective, comparing the January average rate of 0.0083 to the December average rate of 0.0068, the exchange rate registered a net change of -18.04% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0095 was up 4.49% compared to the 2022 peak of 0.0090, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 47 ZAR

2022 Average 41 ZAR

Yearly Trough Low 33 ZAR

Transaction Impact: A difference of 14.58 ZAR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0090

0.0066

JanuMarcMayJulySeptNove

CDF 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 0.0085, compared to 0.0074 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0012 points.

H1 Avg (Jan–Jun) 0.0085

H2 Avg (Jul–Dec) 0.0074

Volatility Range Comparison

Volatility

The most volatile month in 2023 was May, with a trading range of 0.0012 ZAR (High: 0.0095 / Low: 0.0082). On the other end, September was the most stable month, with a tight range of 0.0002 ZAR (High: 0.0077 / Low: 0.0075).

May Spread (Volatile) ±0.0012

September Spread (Stable) ±0.0002

Growth Streaks & Declines

Trends

Between January and March, 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 May and June, when the average rate fell by 0.0008 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0008

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2023: 0.0087) against the same month in 2022 (average: 0.0079), the exchange rate shifted by +0.0008 (+10.62%).

2023 Avg (May) 0.0087

2022 Avg (May) 0.0079

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0085	0.0082	0.0083
February	0.0090	0.0083	0.0087
March	0.0091	0.0086	0.0088
April	0.0089	0.0084	0.0087
May	0.0095	0.0082	0.0087
June	0.0084	0.0077	0.0079
July	0.0079	0.0069	0.0074
August	0.0078	0.0074	0.0076
September	0.0077	0.0075	0.0076
October	0.0079	0.0073	0.0076
November	0.0076	0.0069	0.0073
December	0.0071	0.0065	0.0068