2023 HTG to ZAR Historical Review

YEARLY HIGH

0.1455 ZAR

YEARLY LOW

0.1128 ZAR

YEARLY AVERAGE

0.1308 ZAR

2023 HTG to ZAR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the HTG to ZAR exchange rate experienced significant fluctuation. The market reached its absolute peak on October 5, valuing the pair at 0.1455. Conversely, the yearly low was recorded on January 12, dropping to 0.1128.

This high-to-low spread represents a total annual volatility of 0.0327 ZAR. From a start-to-finish perspective, comparing the January average rate of 0.1150 to the December average rate of 0.1406, the exchange rate registered a net change of 22.25% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.1455 was down 10.42% compared to the 2022 peak of 0.1624, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 727 ZAR

2022 Average 701 ZAR

Yearly Trough Low 564 ZAR

Transaction Impact: A difference of 163.59 ZAR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.1448

0.1123

JanuMarcMayJulySeptNove

HTG 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 0.1228, compared to 0.1388 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0161 points.

H1 Avg (Jan–Jun) 0.1228

H2 Avg (Jul–Dec) 0.1388

Volatility Range Comparison

Volatility

The most volatile month in 2023 was May, with a trading range of 0.0216 ZAR (High: 0.1410 / Low: 0.1194). On the other end, September was the most stable month, with a tight range of 0.0029 ZAR (High: 0.1418 / Low: 0.1389).

May Spread (Volatile) ±0.0216

September Spread (Stable) ±0.0029

Growth Streaks & Declines

Trends

Between July and October, 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 June and July, when the average rate fell by 0.0022 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0022

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2023: 0.1421) against the same month in 2022 (average: 0.1457), the exchange rate shifted by -0.0036 (-2.48%).

2023 Avg (October) 0.1421

2022 Avg (October) 0.1457

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1168	0.1128	0.1150
February	0.1234	0.1139	0.1194
March	0.1233	0.1147	0.1190
April	0.1204	0.1144	0.1172
May	0.1410	0.1194	0.1315
June	0.1407	0.1303	0.1345
July	0.1385	0.1272	0.1323
August	0.1410	0.1339	0.1380
September	0.1418	0.1389	0.1402
October	0.1455	0.1389	0.1421
November	0.1425	0.1369	0.1399
December	0.1443	0.1380	0.1406