2018 FKP to ZAR Historical Review

YEARLY HIGH

19.9085 ZAR

YEARLY LOW

16.1276 ZAR

YEARLY AVERAGE

17.6349 ZAR

2018 FKP to ZAR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2018

During 2018, the FKP to ZAR exchange rate experienced significant fluctuation. The market reached its absolute peak on September 5, valuing the pair at 19.9085. Conversely, the yearly low was recorded on February 24, dropping to 16.1276.

This high-to-low spread represents a total annual volatility of 3.7809 ZAR. From a start-to-finish perspective, comparing the January average rate of 16.8423 to the December average rate of 18.1038, the exchange rate registered a net change of 7.49% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2018 high of 19.9085 was up 4.84% compared to the 2017 peak of 18.9885, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 99,543 ZAR

2017 Average 85,761 ZAR

Yearly Trough Low 80,638 ZAR

Transaction Impact: A difference of 18,904.65 ZAR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2018.

19.4864

16.2427

JanuMarcMayJulySeptNove

FKP 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 16.9114, compared to 18.3583 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 1.4468 points.

H1 Avg (Jan–Jun) 16.9114

H2 Avg (Jul–Dec) 18.3583

Volatility Range Comparison

Volatility

The most volatile month in 2018 was August, with a trading range of 1.9442 ZAR (High: 19.1329 / Low: 17.1887). On the other end, January was the most stable month, with a tight range of 0.3604 ZAR (High: 17.0346 / Low: 16.6742).

August Spread (Volatile) ±1.9442

January Spread (Stable) ±0.3604

Growth Streaks & Declines

Trends

Between February and April, 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 October and November, when the average rate fell by 0.7547 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.7547

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2018: 19.2161) against the same month in 2017 (average: 17.5290), the exchange rate shifted by +1.6871 (+9.62%).

2018 Avg (September) 19.2161

2017 Avg (September) 17.5290

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	17.0346	16.6742	16.8423
February	17.0732	16.1276	16.5131
March	16.8625	16.3434	16.5458
April	17.3451	16.6207	17.0160
May	17.2489	16.5828	16.8758
June	18.1947	16.7405	17.6757
July	18.1883	17.2688	17.6383
August	19.1329	17.1887	18.0829
September	19.9085	18.4064	19.2161
October	19.5035	18.4760	18.9316
November	18.7904	17.4762	18.1769
December	18.5462	17.4338	18.1038