2024 DJF to ZAR Historical Review

YEARLY HIGH

0.1086 ZAR

YEARLY LOW

0.0962 ZAR

YEARLY AVERAGE

0.1031 ZAR

2024 DJF to ZAR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the DJF to ZAR exchange rate experienced significant fluctuation. The market reached its absolute peak on April 20, valuing the pair at 0.1086. Conversely, the yearly low was recorded on September 29, dropping to 0.0962.

This high-to-low spread represents a total annual volatility of 0.0124 ZAR. From a start-to-finish perspective, comparing the January average rate of 0.1054 to the December average rate of 0.1026, the exchange rate registered a net change of -2.68% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.1086 was down 2.32% compared to the 2023 peak of 0.1112, 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 543 ZAR

2023 Average 519 ZAR

Yearly Trough Low 481 ZAR

Transaction Impact: A difference of 61.93 ZAR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.1077

0.0980

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 0.1053, compared to 0.1009 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0044 points.

H1 Avg (Jan–Jun) 0.1053

H2 Avg (Jul–Dec) 0.1009

Volatility Range Comparison

Volatility

The most volatile month in 2024 was December, with a trading range of 0.0067 ZAR (High: 0.1063 / Low: 0.0996). On the other end, October was the most stable month, with a tight range of 0.0028 ZAR (High: 0.1001 / Low: 0.0973).

December Spread (Volatile) ±0.0067

October Spread (Stable) ±0.0028

Growth Streaks & Declines

Trends

Between October and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between August and September, when the average rate fell by 0.0028 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0028

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2024: 0.1062) against the same month in 2023 (average: 0.1023), the exchange rate shifted by +0.0039 (+3.86%).

2024 Avg (April) 0.1062

2023 Avg (April) 0.1023

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1079	0.1028	0.1054
February	0.1086	0.1044	0.1069
March	0.1075	0.1045	0.1061
April	0.1086	0.1038	0.1062
May	0.1062	0.1016	0.1036
June	0.1067	0.1010	0.1035
July	0.1047	0.1011	0.1025
August	0.1053	0.0996	0.1017
September	0.1010	0.0962	0.0989
October	0.1001	0.0973	0.0988
November	0.1030	0.0973	0.1010
December	0.1063	0.0996	0.1026