2024 EUR to ZAR Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 EUR to ZAR Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the EUR to ZAR exchange rate experienced significant fluctuation. The market reached its absolute peak on February 26, valuing the pair at 20.9037. Conversely, the yearly low was recorded on December 11, dropping to 18.5981.
This high-to-low spread represents a total annual volatility of 2.3057 ZAR. From a start-to-finish perspective, comparing the January average rate of 20.4575 to the December average rate of 19.1025, the exchange rate registered a net change of -6.62% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2024 high of 20.9037 was down 1.48% compared to the 2023 peak of 21.2184, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 EUR based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
EUR to ZAR Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 20.2428, compared to 19.4306 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.8123 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was June, with a trading range of 1.4510 ZAR (High: 20.6580 / Low: 19.2071). On the other end, October was the most stable month, with a tight range of 0.3781 ZAR (High: 19.3180 / Low: 18.9399).
Growth Streaks & Declines
TrendsNo sustained consecutive month-over-month growth streak of 2+ months occurred in 2024. Conversely, the sharpest month-over-month decline occurred between September and October, when the average rate fell by 0.3985 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (February 2024: 20.5325) against the same month in 2023 (average: 19.1811), the exchange rate shifted by +1.3515 (+7.05%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 20.8956 | 20.0617 | 20.4575 |
| February | 20.9037 | 20.2057 | 20.5325 |
| March | 20.6941 | 20.2394 | 20.4991 |
| April | 20.5807 | 19.9718 | 20.2477 |
| May | 20.4070 | 19.6054 | 19.9077 |
| June | 20.6580 | 19.2071 | 19.8124 |
| July | 19.9972 | 19.5586 | 19.7862 |
| August | 20.4604 | 19.6306 | 19.9132 |
| September | 19.8444 | 19.1009 | 19.5469 |
| October | 19.3180 | 18.9399 | 19.1484 |
| November | 19.5161 | 18.6812 | 19.0861 |
| December | 19.6455 | 18.5981 | 19.1025 |