2024 CHF to ZAR Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 CHF to ZAR Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the CHF to ZAR exchange rate experienced significant fluctuation. The market reached its absolute peak on January 22, valuing the pair at 22.0988. Conversely, the yearly low was recorded on May 21, dropping to 19.8208.
This high-to-low spread represents a total annual volatility of 2.2781 ZAR. From a start-to-finish perspective, comparing the January average rate of 21.8498 to the December average rate of 20.4513, the exchange rate registered a net change of -6.40% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2024 high of 22.0988 was up 0.29% compared to the 2023 peak of 22.0348, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 CHF based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
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)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 21.0574, compared to 20.5879 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.4695 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was June, with a trading range of 1.2639 ZAR (High: 21.3175 / Low: 20.0536). On the other end, October was the most stable month, with a tight range of 0.2911 ZAR (High: 20.5606 / Low: 20.2695).
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 0.4984 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (January 2024: 21.8498) against the same month in 2023 (average: 18.4821), the exchange rate shifted by +3.3677 (+18.22%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 22.0988 | 21.4596 | 21.8498 |
| February | 21.9402 | 21.4322 | 21.6907 |
| March | 21.6050 | 20.7737 | 21.2173 |
| April | 21.1915 | 20.4314 | 20.7515 |
| May | 20.8207 | 19.8208 | 20.2531 |
| June | 21.3175 | 20.0536 | 20.5820 |
| July | 20.8431 | 20.0536 | 20.4424 |
| August | 21.6793 | 20.5288 | 21.0668 |
| September | 21.1967 | 20.3025 | 20.7720 |
| October | 20.5606 | 20.2695 | 20.4008 |
| November | 20.7884 | 19.8267 | 20.3942 |
| December | 20.9683 | 19.9356 | 20.4513 |