2024 CVE to ZAR Historical Review

YEARLY HIGH

0.1896 ZAR

YEARLY LOW

0.1688 ZAR

YEARLY AVERAGE

0.1797 ZAR

2024 CVE to ZAR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the CVE to ZAR exchange rate experienced significant fluctuation. The market reached its absolute peak on February 25, valuing the pair at 0.1896. Conversely, the yearly low was recorded on December 11, dropping to 0.1688.

This high-to-low spread represents a total annual volatility of 0.0208 ZAR. From a start-to-finish perspective, comparing the January average rate of 0.1854 to the December average rate of 0.1733, the exchange rate registered a net change of -6.51% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.1896 was down 1.48% compared to the 2023 peak of 0.1924, 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 948 ZAR

2023 Average 904 ZAR

Yearly Trough Low 844 ZAR

Transaction Impact: A difference of 103.81 ZAR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.1873

0.1718

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 0.1834, compared to 0.1760 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0074 points.

H1 Avg (Jan–Jun) 0.1834

H2 Avg (Jul–Dec) 0.1760

Volatility Range Comparison

Volatility

The most volatile month in 2024 was June, with a trading range of 0.0136 ZAR (High: 0.1872 / Low: 0.1736). On the other end, October was the most stable month, with a tight range of 0.0037 ZAR (High: 0.1756 / Low: 0.1719).

June Spread (Volatile) ±0.0136

October Spread (Stable) ±0.0037

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2024. Conversely, the sharpest month-over-month decline occurred between April and May, when the average rate fell by 0.0036 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0036

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2024: 0.1860) against the same month in 2023 (average: 0.1739), the exchange rate shifted by +0.0121 (+6.95%).

2024 Avg (February) 0.1860

2023 Avg (February) 0.1739

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1895	0.1818	0.1854
February	0.1896	0.1820	0.1860
March	0.1878	0.1829	0.1857
April	0.1867	0.1808	0.1838
May	0.1842	0.1770	0.1802
June	0.1872	0.1736	0.1795
July	0.1812	0.1762	0.1792
August	0.1848	0.1772	0.1801
September	0.1796	0.1725	0.1770
October	0.1756	0.1719	0.1735
November	0.1771	0.1689	0.1731
December	0.1784	0.1688	0.1733