2024 CNY to ZAR Historical Review

YEARLY HIGH

2.7003 ZAR

YEARLY LOW

2.4225 ZAR

YEARLY AVERAGE

2.5542 ZAR

2024 CNY to ZAR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the CNY to ZAR exchange rate experienced significant fluctuation. The market reached its absolute peak on February 25, valuing the pair at 2.7003. Conversely, the yearly low was recorded on November 7, dropping to 2.4225.

This high-to-low spread represents a total annual volatility of 0.2778 ZAR. From a start-to-finish perspective, comparing the January average rate of 2.6371 to the December average rate of 2.5053, the exchange rate registered a net change of -5.00% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 2.7003 was down 3.38% compared to the 2023 peak of 2.7946, 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 67,508 ZAR

2023 Average 65,219 ZAR

Yearly Trough Low 60,564 ZAR

Transaction Impact: A difference of 6,944.33 ZAR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

2.6753

2.4607

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 2.6080, compared to 2.5005 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.1075 points.

H1 Avg (Jan–Jun) 2.6080

H2 Avg (Jul–Dec) 2.5005

Volatility Range Comparison

Volatility

The most volatile month in 2024 was June, with a trading range of 0.1942 ZAR (High: 2.6654 / Low: 2.4712). On the other end, October was the most stable month, with a tight range of 0.0334 ZAR (High: 2.4965 / Low: 2.4631).

June Spread (Volatile) ±0.1942

October Spread (Stable) ±0.0334

Growth Streaks & Declines

Trends

Between October and December, 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 April and May, when the average rate fell by 0.0437 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0437

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2024: 2.6574) against the same month in 2023 (average: 2.6189), the exchange rate shifted by +0.0385 (+1.47%).

2024 Avg (February) 2.6574

2023 Avg (February) 2.6189

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.6806	2.5726	2.6371
February	2.7003	2.6167	2.6574
March	2.6688	2.5833	2.6202
April	2.6958	2.5515	2.6128
May	2.6446	2.5023	2.5691
June	2.6654	2.4712	2.5513
July	2.5590	2.4763	2.5120
August	2.6135	2.4814	2.5279
September	2.5221	2.4391	2.4870
October	2.4965	2.4631	2.4786
November	2.5362	2.4225	2.4923
December	2.5898	2.4378	2.5053