2021 CVE to ZAR Historical Review

YEARLY HIGH

0.1708 ZAR

YEARLY LOW

0.1469 ZAR

YEARLY AVERAGE

0.1580 ZAR

2021 CVE to ZAR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the CVE to ZAR exchange rate experienced significant fluctuation. The market reached its absolute peak on January 7, valuing the pair at 0.1708. Conversely, the yearly low was recorded on June 6, dropping to 0.1469.

This high-to-low spread represents a total annual volatility of 0.0239 ZAR. From a start-to-finish perspective, comparing the January average rate of 0.1662 to the December average rate of 0.1620, the exchange rate registered a net change of -2.49% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2021 high of 0.1708 was down 9.18% compared to the 2020 peak of 0.1881, 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 854 ZAR

2020 Average 847 ZAR

Yearly Trough Low 735 ZAR

Transaction Impact: A difference of 119.28 ZAR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

0.1677

0.1499

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 0.1583, compared to 0.1577 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0005 points.

H1 Avg (Jan–Jun) 0.1583

H2 Avg (Jul–Dec) 0.1577

Volatility Range Comparison

Volatility

The most volatile month in 2021 was November, with a trading range of 0.0099 ZAR (High: 0.1661 / Low: 0.1562). On the other end, April was the most stable month, with a tight range of 0.0053 ZAR (High: 0.1587 / Low: 0.1534).

November Spread (Volatile) ±0.0099

April Spread (Stable) ±0.0053

Growth Streaks & Declines

Trends

Between September and December, 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 March and April, when the average rate fell by 0.0053 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0053

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2021: 0.1662) against the same month in 2020 (average: 0.1446), the exchange rate shifted by +0.0216 (+14.96%).

2021 Avg (January) 0.1662

2020 Avg (January) 0.1446

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1708	0.1618	0.1662
February	0.1655	0.1582	0.1613
March	0.1664	0.1568	0.1610
April	0.1587	0.1534	0.1557
May	0.1586	0.1507	0.1541
June	0.1547	0.1469	0.1514
July	0.1576	0.1520	0.1549
August	0.1620	0.1535	0.1577
September	0.1600	0.1510	0.1553
October	0.1608	0.1514	0.1560
November	0.1661	0.1562	0.1605
December	0.1643	0.1589	0.1620