2023 HUF to ZAR Historical Review

YEARLY HIGH

0.0571 ZAR

YEARLY LOW

0.0449 ZAR

YEARLY AVERAGE

0.0523 ZAR

2023 HUF to ZAR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the HUF to ZAR exchange rate experienced significant fluctuation. The market reached its absolute peak on May 30, valuing the pair at 0.0571. Conversely, the yearly low was recorded on January 3, dropping to 0.0449.

This high-to-low spread represents a total annual volatility of 0.0122 ZAR. From a start-to-finish perspective, comparing the January average rate of 0.0467 to the December average rate of 0.0532, the exchange rate registered a net change of 13.99% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0571 was up 13.81% compared to the 2022 peak of 0.0501, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 1,000,000 HUF based on timing:

Yearly Peak High 57,060 ZAR

2022 Average 44,086 ZAR

Yearly Trough Low 44,883 ZAR

Transaction Impact: A difference of 12,176.24 ZAR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0566

0.0458

JanuMarcMayJulySeptNove

HUF 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 0.0518, compared to 0.0528 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0010 points.

H1 Avg (Jan–Jun) 0.0518

H2 Avg (Jul–Dec) 0.0528

Volatility Range Comparison

Volatility

The most volatile month in 2023 was July, with a trading range of 0.0046 ZAR (High: 0.0551 / Low: 0.0505). On the other end, October was the most stable month, with a tight range of 0.0019 ZAR (High: 0.0531 / Low: 0.0512).

July Spread (Volatile) ±0.0046

October Spread (Stable) ±0.0019

Growth Streaks & Declines

Trends

Between 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 June and July, when the average rate fell by 0.0017 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0017

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2023: 0.0557) against the same month in 2022 (average: 0.0436), the exchange rate shifted by +0.0121 (+27.71%).

2023 Avg (May) 0.0557

2022 Avg (May) 0.0436

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0484	0.0449	0.0467
February	0.0517	0.0479	0.0499
March	0.0518	0.0492	0.0508
April	0.0542	0.0506	0.0530
May	0.0571	0.0540	0.0557
June	0.0569	0.0532	0.0548
July	0.0551	0.0505	0.0531
August	0.0542	0.0517	0.0532
September	0.0540	0.0509	0.0524
October	0.0531	0.0512	0.0522
November	0.0544	0.0511	0.0529
December	0.0542	0.0522	0.0532