2020 CVE to ZAR Historical Review

YEARLY HIGH

0.1881 ZAR

YEARLY LOW

0.0664 ZAR

YEARLY AVERAGE

0.1693 ZAR

2020 CVE to ZAR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2020

During 2020, the CVE to ZAR exchange rate experienced significant fluctuation. The market reached its absolute peak on April 5, valuing the pair at 0.1881. Conversely, the yearly low was recorded on March 18, dropping to 0.0664.

This high-to-low spread represents a total annual volatility of 0.1217 ZAR. From a start-to-finish perspective, comparing the January average rate of 0.1446 to the December average rate of 0.1636, the exchange rate registered a net change of 13.15% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2020 high of 0.1881 was up 20.28% compared to the 2019 peak of 0.1564, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 940 ZAR

2019 Average 731 ZAR

Yearly Trough Low 332 ZAR

Transaction Impact: A difference of 608.39 ZAR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2020.

0.1884

0.1406

JanuMarcMayJulySeptNove

CVE 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 0.1654, compared to 0.1733 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0080 points.

H1 Avg (Jan–Jun) 0.1654

H2 Avg (Jul–Dec) 0.1733

Volatility Range Comparison

Volatility

The most volatile month in 2020 was March, with a trading range of 0.1121 ZAR (High: 0.1785 / Low: 0.0664). On the other end, October was the most stable month, with a tight range of 0.0062 ZAR (High: 0.1779 / Low: 0.1717).

March Spread (Volatile) ±0.1121

October Spread (Stable) ±0.0062

Growth Streaks & Declines

Trends

Between January and April, 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 October and November, when the average rate fell by 0.0087 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0087

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2020: 0.1829) against the same month in 2019 (average: 0.1436), the exchange rate shifted by +0.0392 (+27.32%).

2020 Avg (April) 0.1829

2019 Avg (April) 0.1436

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1498	0.1420	0.1446
February	0.1553	0.1458	0.1484
March	0.1785	0.0664	0.1631
April	0.1881	0.1780	0.1829
May	0.1878	0.1726	0.1792
June	0.1771	0.1693	0.1740
July	0.1819	0.1635	0.1731
August	0.1876	0.1789	0.1844
September	0.1819	0.1727	0.1782
October	0.1779	0.1717	0.1747
November	0.1720	0.1625	0.1659
December	0.1673	0.1607	0.1636