2023 FKP to ZAR Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 FKP to ZAR Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the FKP to ZAR exchange rate experienced significant fluctuation. The market reached its absolute peak on June 1, valuing the pair at 24.5833. Conversely, the yearly low was recorded on January 4, dropping to 20.3578.
This high-to-low spread represents a total annual volatility of 4.2255 ZAR. From a start-to-finish perspective, comparing the January average rate of 20.9105 to the December average rate of 23.5536, the exchange rate registered a net change of 12.64% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 24.5833 was up 13.29% compared to the 2022 peak of 21.6990, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 FKP based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
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)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 22.4706, compared to 23.4276 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.9570 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was July, with a trading range of 1.9098 ZAR (High: 24.5445 / Low: 22.6347). On the other end, December was the most stable month, with a tight range of 0.7987 ZAR (High: 23.9537 / Low: 23.1550).
Growth Streaks & Declines
TrendsBetween January and May, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between August and September, when the average rate fell by 0.3616 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (June 2023: 23.6750) against the same month in 2022 (average: 19.4895), the exchange rate shifted by +4.1855 (+21.48%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 21.4809 | 20.3578 | 20.9105 |
| February | 22.2144 | 20.8799 | 21.6235 |
| March | 22.8736 | 21.7406 | 22.1772 |
| April | 23.0737 | 21.9034 | 22.6090 |
| May | 24.5492 | 22.9673 | 23.8285 |
| June | 24.5833 | 23.2038 | 23.6750 |
| July | 24.5445 | 22.6347 | 23.4582 |
| August | 24.4185 | 23.3555 | 23.8568 |
| September | 24.1513 | 22.9392 | 23.4952 |
| October | 23.7812 | 22.6582 | 23.1638 |
| November | 23.8179 | 22.4592 | 23.0380 |
| December | 23.9537 | 23.1550 | 23.5536 |