2023 CRC to ZAR Historical Review

YEARLY HIGH

0.0369 ZAR

YEARLY LOW

0.0286 ZAR

YEARLY AVERAGE

0.0341 ZAR

2023 CRC to ZAR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the CRC to ZAR exchange rate experienced significant fluctuation. The market reached its absolute peak on May 25, valuing the pair at 0.0369. Conversely, the yearly low was recorded on January 4, dropping to 0.0286.

This high-to-low spread represents a total annual volatility of 0.0083 ZAR. From a start-to-finish perspective, comparing the January average rate of 0.0297 to the December average rate of 0.0354, the exchange rate registered a net change of 19.10% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0369 was up 22.24% compared to the 2022 peak of 0.0302, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 184 ZAR

2022 Average 127 ZAR

Yearly Trough Low 143 ZAR

Transaction Impact: A difference of 41.50 ZAR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0364

0.0291

JanuMarcMayJulySeptNove

CRC 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 0.0332, compared to 0.0350 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0018 points.

H1 Avg (Jan–Jun) 0.0332

H2 Avg (Jul–Dec) 0.0350

Volatility Range Comparison

Volatility

The most volatile month in 2023 was May, with a trading range of 0.0031 ZAR (High: 0.0369 / Low: 0.0337). On the other end, September was the most stable month, with a tight range of 0.0009 ZAR (High: 0.0359 / Low: 0.0349).

May Spread (Volatile) ±0.0031

September Spread (Stable) ±0.0009

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 June and July, when the average rate fell by 0.0010 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0010

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2023: 0.0355) against the same month in 2022 (average: 0.0238), the exchange rate shifted by +0.0118 (+49.63%).

2023 Avg (May) 0.0355

2022 Avg (May) 0.0238

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0315	0.0286	0.0297
February	0.0330	0.0305	0.0317
March	0.0351	0.0324	0.0335
April	0.0345	0.0330	0.0339
May	0.0369	0.0337	0.0355
June	0.0364	0.0336	0.0347
July	0.0352	0.0326	0.0337
August	0.0358	0.0335	0.0349
September	0.0359	0.0349	0.0354
October	0.0367	0.0351	0.0358
November	0.0356	0.0343	0.0349
December	0.0362	0.0347	0.0354