2024 FKP to ZAR Historical Review

YEARLY HIGH

24.4661 ZAR

YEARLY LOW

22.4667 ZAR

YEARLY AVERAGE

23.4217 ZAR

2024 FKP to ZAR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the FKP to ZAR exchange rate experienced significant fluctuation. The market reached its absolute peak on February 25, valuing the pair at 24.4661. Conversely, the yearly low was recorded on November 7, dropping to 22.4667.

This high-to-low spread represents a total annual volatility of 1.9994 ZAR. From a start-to-finish perspective, comparing the January average rate of 23.8292 to the December average rate of 23.0464, the exchange rate registered a net change of -3.28% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 24.4661 was down 0.48% compared to the 2023 peak of 24.5833, 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 122,330 ZAR

2023 Average 114,786 ZAR

Yearly Trough Low 112,333 ZAR

Transaction Impact: A difference of 9,997.02 ZAR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

24.1393

22.7802

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 23.6827, compared to 23.1607 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.5220 points.

H1 Avg (Jan–Jun) 23.6827

H2 Avg (Jul–Dec) 23.1607

Volatility Range Comparison

Volatility

The most volatile month in 2024 was June, with a trading range of 1.5368 ZAR (High: 24.2631 / Low: 22.7262). On the other end, October was the most stable month, with a tight range of 0.3923 ZAR (High: 23.0961 / Low: 22.7038).

June Spread (Volatile) ±1.5368

October Spread (Stable) ±0.3923

Growth Streaks & Declines

Trends

Between May and July, 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 April and May, when the average rate fell by 0.3607 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.3607

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2024: 24.0261) against the same month in 2023 (average: 21.6235), the exchange rate shifted by +2.4026 (+11.11%).

2024 Avg (February) 24.0261

2023 Avg (February) 21.6235

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	24.4063	23.3223	23.8292
February	24.4661	23.6839	24.0261
March	24.1778	23.6601	23.9618
April	23.9644	23.3915	23.6243
May	23.9396	22.9578	23.2636
June	24.2631	22.7262	23.3913
July	23.7561	23.1958	23.4598
August	23.8472	23.0015	23.3838
September	23.5529	22.8843	23.2580
October	23.0961	22.7038	22.9229
November	23.5200	22.4667	22.8934
December	23.6549	22.5390	23.0464