2023 CHF to ZAR Historical Review

YEARLY HIGH

22.0348 ZAR

YEARLY LOW

18.0568 ZAR

YEARLY AVERAGE

20.5471 ZAR

2023 CHF to ZAR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the CHF to ZAR exchange rate experienced significant fluctuation. The market reached its absolute peak on December 28, valuing the pair at 22.0348. Conversely, the yearly low was recorded on January 12, dropping to 18.0568.

This high-to-low spread represents a total annual volatility of 3.9779 ZAR. From a start-to-finish perspective, comparing the January average rate of 18.4821 to the December average rate of 21.5293, the exchange rate registered a net change of 16.49% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 22.0348 was up 16.41% compared to the 2022 peak of 18.9281, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 110,174 ZAR

2022 Average 85,727 ZAR

Yearly Trough Low 90,284 ZAR

Transaction Impact: A difference of 19,889.74 ZAR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

21.8340

18.1774

JanuMarcMayJulySeptNove

CHF 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 19.9766, compared to 21.1176 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 1.1410 points.

H1 Avg (Jan–Jun) 19.9766

H2 Avg (Jul–Dec) 21.1176

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 1.3780 ZAR (High: 21.6709 / Low: 20.2930). On the other end, August was the most stable month, with a tight range of 0.8518 ZAR (High: 21.7982 / Low: 20.9464).

June Spread (Volatile) ±1.3780

August Spread (Stable) ±0.8518

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 May and June, when the average rate fell by 0.4492 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.4492

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 21.5293) against the same month in 2022 (average: 18.5463), the exchange rate shifted by +2.9830 (+16.08%).

2023 Avg (December) 21.5293

2022 Avg (December) 18.5463

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	18.9918	18.0568	18.4821
February	19.6807	18.7074	19.3423
March	20.3466	19.2905	19.7465
April	20.6055	19.4256	20.2109
May	21.8566	20.5162	21.2634
June	21.6709	20.2930	20.8143
July	21.5122	20.2569	20.8312
August	21.7982	20.9464	21.3773
September	21.6232	20.5897	21.0991
October	21.3798	20.4931	21.0643
November	21.5576	20.2243	20.8043
December	22.0348	21.0581	21.5293