2023 DJF to ZAR Historical Review

YEARLY HIGH

0.1112 ZAR

YEARLY LOW

0.0942 ZAR

YEARLY AVERAGE

0.1038 ZAR

2023 DJF to ZAR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the DJF to ZAR exchange rate experienced significant fluctuation. The market reached its absolute peak on May 25, valuing the pair at 0.1112. Conversely, the yearly low was recorded on January 12, dropping to 0.0942.

This high-to-low spread represents a total annual volatility of 0.0170 ZAR. From a start-to-finish perspective, comparing the January average rate of 0.0961 to the December average rate of 0.1044, the exchange rate registered a net change of 8.69% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.1112 was up 7.04% compared to the 2022 peak of 0.1039, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 556 ZAR

2022 Average 460 ZAR

Yearly Trough Low 471 ZAR

Transaction Impact: A difference of 84.81 ZAR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.1085

0.0949

JanuMarcMayJulySeptNove

DJF 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 0.1024, compared to 0.1051 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0026 points.

H1 Avg (Jan–Jun) 0.1024

H2 Avg (Jul–Dec) 0.1051

Volatility Range Comparison

Volatility

The most volatile month in 2023 was July, with a trading range of 0.0092 ZAR (High: 0.1079 / Low: 0.0987). On the other end, September was the most stable month, with a tight range of 0.0031 ZAR (High: 0.1079 / Low: 0.1048).

July Spread (Volatile) ±0.0092

September Spread (Stable) ±0.0031

Growth Streaks & Declines

Trends

Between July and October, 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 June and July, when the average rate fell by 0.0027 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0027

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2023: 0.1074) against the same month in 2022 (average: 0.0892), the exchange rate shifted by +0.0182 (+20.35%).

2023 Avg (May) 0.1074

2022 Avg (May) 0.0892

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0979	0.0942	0.0961
February	0.1036	0.0959	0.1007
March	0.1070	0.1000	0.1028
April	0.1044	0.1001	0.1023
May	0.1112	0.1029	0.1074
June	0.1104	0.1019	0.1053
July	0.1079	0.0987	0.1025
August	0.1078	0.1026	0.1056
September	0.1079	0.1048	0.1065
October	0.1099	0.1048	0.1070
November	0.1062	0.1024	0.1044
December	0.1072	0.1026	0.1044