2021 FKP to ZAR Historical Review

YEARLY HIGH

21.7135 ZAR

YEARLY LOW

19.0092 ZAR

YEARLY AVERAGE

20.3350 ZAR

2021 FKP to ZAR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the FKP to ZAR exchange rate experienced significant fluctuation. The market reached its absolute peak on November 27, valuing the pair at 21.7135. Conversely, the yearly low was recorded on June 5, dropping to 19.0092.

This high-to-low spread represents a total annual volatility of 2.7043 ZAR. From a start-to-finish perspective, comparing the January average rate of 20.6243 to the December average rate of 21.1329, the exchange rate registered a net change of 2.47% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2021 high of 21.7135 was down 8.01% compared to the 2020 peak of 23.6049, 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 108,568 ZAR

2020 Average 105,523 ZAR

Yearly Trough Low 95,046 ZAR

Transaction Impact: A difference of 13,521.67 ZAR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

21.2953

19.3470

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 20.1892, compared to 20.4809 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.2917 points.

H1 Avg (Jan–Jun) 20.1892

H2 Avg (Jul–Dec) 20.4809

Volatility Range Comparison

Volatility

The most volatile month in 2021 was November, with a trading range of 1.4777 ZAR (High: 21.7135 / Low: 20.2358). On the other end, May was the most stable month, with a tight range of 0.6640 ZAR (High: 20.0943 / Low: 19.4303).

November Spread (Volatile) ±1.4777

May Spread (Stable) ±0.6640

Growth Streaks & Declines

Trends

Between September and December, 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 March and April, when the average rate fell by 0.8094 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.8094

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2021: 20.9137) against the same month in 2020 (average: 20.5120), the exchange rate shifted by +0.4017 (+1.96%).

2021 Avg (November) 20.9137

2020 Avg (November) 20.5120

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	20.9861	19.9512	20.6243
February	21.0566	20.1059	20.4904
March	21.4713	20.3821	20.7675
April	20.2763	19.5267	19.9581
May	20.0943	19.4303	19.7852
June	19.8951	19.0092	19.5094
July	20.5338	19.6892	20.0422
August	20.8752	19.9246	20.4058
September	20.4945	19.5361	20.0305
October	20.8786	19.9167	20.3600
November	21.7135	20.2358	20.9137
December	21.5842	20.7505	21.1329