2023 GMD to ZAR Historical Review

YEARLY HIGH

0.3322 ZAR

YEARLY LOW

0.2697 ZAR

YEARLY AVERAGE

0.2967 ZAR

2023 GMD to ZAR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the GMD to ZAR exchange rate experienced significant fluctuation. The market reached its absolute peak on May 25, valuing the pair at 0.3322. Conversely, the yearly low was recorded on January 12, dropping to 0.2697.

This high-to-low spread represents a total annual volatility of 0.0626 ZAR. From a start-to-finish perspective, comparing the January average rate of 0.2753 to the December average rate of 0.2761, the exchange rate registered a net change of 0.28% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.3322 was up 0.61% compared to the 2022 peak of 0.3302, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 1,661 ZAR

2022 Average 1,479 ZAR

Yearly Trough Low 1,348 ZAR

Transaction Impact: A difference of 312.78 ZAR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.3240

0.2709

JanuMarcMayJulySeptNove

GMD 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 0.2991, compared to 0.2943 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0048 points.

H1 Avg (Jan–Jun) 0.2991

H2 Avg (Jul–Dec) 0.2943

Volatility Range Comparison

Volatility

The most volatile month in 2023 was September, with a trading range of 0.0287 ZAR (High: 0.3176 / Low: 0.2889). On the other end, January was the most stable month, with a tight range of 0.0120 ZAR (High: 0.2816 / Low: 0.2697).

September Spread (Volatile) ±0.0287

January Spread (Stable) ±0.0120

Growth Streaks & Declines

Trends

Between January and March, 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 September and October, when the average rate fell by 0.0170 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0170

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2023: 0.3196) against the same month in 2022 (average: 0.2946), the exchange rate shifted by +0.0250 (+8.47%).

2023 Avg (May) 0.3196

2022 Avg (May) 0.2946

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.2816	0.2697	0.2753
February	0.3019	0.2767	0.2934
March	0.3054	0.2860	0.2976
April	0.3062	0.2863	0.2938
May	0.3322	0.3047	0.3196
June	0.3295	0.3053	0.3150
July	0.3206	0.2945	0.3054
August	0.3169	0.3027	0.3100
September	0.3176	0.2889	0.3071
October	0.2979	0.2852	0.2901
November	0.2843	0.2704	0.2771
December	0.2831	0.2711	0.2761