2023 CNY to ZAR Historical Review

YEARLY HIGH

2.7946 ZAR

YEARLY LOW

2.4512 ZAR

YEARLY AVERAGE

2.6088 ZAR

2023 CNY to ZAR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the CNY to ZAR exchange rate experienced significant fluctuation. The market reached its absolute peak on May 25, valuing the pair at 2.7946. Conversely, the yearly low was recorded on January 4, dropping to 2.4512.

This high-to-low spread represents a total annual volatility of 0.3435 ZAR. From a start-to-finish perspective, comparing the January average rate of 2.5146 to the December average rate of 2.6124, the exchange rate registered a net change of 3.89% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 2.7946 was up 9.45% compared to the 2022 peak of 2.5533, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 25,000 CNY based on timing:

Yearly Peak High 69,866 ZAR

2022 Average 60,781 ZAR

Yearly Trough Low 61,279 ZAR

Transaction Impact: A difference of 8,587.30 ZAR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

2.7547

2.4927

JanuMarcMayJulySeptNove

CNY 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 2.6290, compared to 2.5887 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0403 points.

H1 Avg (Jan–Jun) 2.6290

H2 Avg (Jul–Dec) 2.5887

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.2275 ZAR (High: 2.7663 / Low: 2.5388). On the other end, September was the most stable month, with a tight range of 0.0660 ZAR (High: 2.6344 / Low: 2.5684).

June Spread (Volatile) ±0.2275

September Spread (Stable) ±0.0660

Growth Streaks & Declines

Trends

Between July and October, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between May and June, when the average rate fell by 0.1136 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.1136

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2023: 2.7328) against the same month in 2022 (average: 2.3728), the exchange rate shifted by +0.3600 (+15.17%).

2023 Avg (May) 2.7328

2022 Avg (May) 2.3728

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.5773	2.4512	2.5146
February	2.6558	2.5284	2.6189
March	2.7273	2.5879	2.6507
April	2.6893	2.5883	2.6377
May	2.7946	2.6486	2.7328
June	2.7663	2.5388	2.6193
July	2.6475	2.4599	2.5345
August	2.6337	2.5388	2.5945
September	2.6344	2.5684	2.6007
October	2.7106	2.5491	2.6165
November	2.6615	2.4948	2.5733
December	2.6645	2.5578	2.6124