2023 DOP to ZAR Historical Review

YEARLY HIGH

0.3621 ZAR

YEARLY LOW

0.2962 ZAR

YEARLY AVERAGE

0.3296 ZAR

2023 DOP to ZAR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the DOP to ZAR exchange rate experienced significant fluctuation. The market reached its absolute peak on May 25, valuing the pair at 0.3621. Conversely, the yearly low was recorded on January 12, dropping to 0.2962.

This high-to-low spread represents a total annual volatility of 0.0659 ZAR. From a start-to-finish perspective, comparing the January average rate of 0.3018 to the December average rate of 0.3244, the exchange rate registered a net change of 7.50% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.3621 was up 5.85% compared to the 2022 peak of 0.3421, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 1,811 ZAR

2022 Average 1,492 ZAR

Yearly Trough Low 1,481 ZAR

Transaction Impact: A difference of 329.74 ZAR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.3551

0.2969

JanuMarcMayJulySeptNove

DOP 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 0.3295, compared to 0.3298 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0002 points.

H1 Avg (Jan–Jun) 0.3295

H2 Avg (Jul–Dec) 0.3298

Volatility Range Comparison

Volatility

The most volatile month in 2023 was July, with a trading range of 0.0315 ZAR (High: 0.3447 / Low: 0.3132). On the other end, September was the most stable month, with a tight range of 0.0082 ZAR (High: 0.3387 / Low: 0.3305).

July Spread (Volatile) ±0.0315

September Spread (Stable) ±0.0082

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 0.0150 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0150

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2023: 0.3503) against the same month in 2022 (average: 0.2882), the exchange rate shifted by +0.0621 (+21.53%).

2023 Avg (May) 0.3503

2022 Avg (May) 0.2882

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.3069	0.2962	0.3018
February	0.3310	0.3011	0.3191
March	0.3476	0.3242	0.3325
April	0.3385	0.3240	0.3321
May	0.3621	0.3357	0.3503
June	0.3593	0.3310	0.3415
July	0.3447	0.3132	0.3265
August	0.3387	0.3247	0.3317
September	0.3387	0.3305	0.3342
October	0.3448	0.3281	0.3351
November	0.3324	0.3201	0.3266
December	0.3344	0.3149	0.3244