2020 HNL to ZAR Historical Review

YEARLY HIGH

0.7735 ZAR

YEARLY LOW

0.5683 ZAR

YEARLY AVERAGE

0.6655 ZAR

2020 HNL to ZAR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2020

During 2020, the HNL to ZAR exchange rate experienced significant fluctuation. The market reached its absolute peak on April 5, valuing the pair at 0.7735. Conversely, the yearly low was recorded on January 1, dropping to 0.5683.

This high-to-low spread represents a total annual volatility of 0.2052 ZAR. From a start-to-finish perspective, comparing the January average rate of 0.5812 to the December average rate of 0.6134, the exchange rate registered a net change of 5.53% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2020 high of 0.7735 was down 21.62% compared to the 2019 peak of 0.9868, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 3,867 ZAR

2019 Average 2,945 ZAR

Yearly Trough Low 2,841 ZAR

Transaction Impact: A difference of 1,025.98 ZAR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2020.

0.7643

0.5646

JanuMarcMayJulySeptNove

HNL 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 0.6701, compared to 0.6609 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0092 points.

H1 Avg (Jan–Jun) 0.6701

H2 Avg (Jul–Dec) 0.6609

Volatility Range Comparison

Volatility

The most volatile month in 2020 was March, with a trading range of 0.1166 ZAR (High: 0.7297 / Low: 0.6131). On the other end, October was the most stable month, with a tight range of 0.0188 ZAR (High: 0.6790 / Low: 0.6602).

March Spread (Volatile) ±0.1166

October Spread (Stable) ±0.0188

Growth Streaks & Declines

Trends

Between January and April, 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 May and June, when the average rate fell by 0.0406 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0406

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2020: 0.7477) against the same month in 2019 (average: 0.5768), the exchange rate shifted by +0.1709 (+29.63%).

2020 Avg (April) 0.7477

2019 Avg (April) 0.5768

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.6046	0.5683	0.5812
February	0.6285	0.5955	0.6066
March	0.7297	0.6131	0.6713
April	0.7735	0.7236	0.7477
May	0.7586	0.6955	0.7274
June	0.6985	0.6631	0.6867
July	0.6897	0.6595	0.6739
August	0.7138	0.6720	0.6965
September	0.6955	0.6544	0.6768
October	0.6790	0.6602	0.6688
November	0.6625	0.6233	0.6360
December	0.6297	0.6000	0.6134