2023 KES to ZAR Historical Review

YEARLY HIGH

0.1477 ZAR

YEARLY LOW

0.1163 ZAR

YEARLY AVERAGE

0.1324 ZAR

2023 KES to ZAR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the KES to ZAR exchange rate experienced significant fluctuation. The market reached its absolute peak on March 18, valuing the pair at 0.1477. Conversely, the yearly low was recorded on December 30, dropping to 0.1163.

This high-to-low spread represents a total annual volatility of 0.0313 ZAR. From a start-to-finish perspective, comparing the January average rate of 0.1378 to the December average rate of 0.1204, the exchange rate registered a net change of -12.60% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.1477 was down 2.92% compared to the 2022 peak of 0.1521, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 738 ZAR

2022 Average 694 ZAR

Yearly Trough Low 582 ZAR

Transaction Impact: A difference of 156.67 ZAR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.1449

0.1182

JanuMarcMayJulySeptNove

KES 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 0.1384, compared to 0.1265 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0119 points.

H1 Avg (Jan–Jun) 0.1384

H2 Avg (Jul–Dec) 0.1265

Volatility Range Comparison

Volatility

The most volatile month in 2023 was March, with a trading range of 0.0134 ZAR (High: 0.1477 / Low: 0.1343). On the other end, September was the most stable month, with a tight range of 0.0044 ZAR (High: 0.1315 / Low: 0.1272).

March Spread (Volatile) ±0.0134

September Spread (Stable) ±0.0044

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2023. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 0.0058 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0058

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2023: 0.1410) against the same month in 2022 (average: 0.1308), the exchange rate shifted by +0.0103 (+7.84%).

2023 Avg (March) 0.1410

2022 Avg (March) 0.1308

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1398	0.1352	0.1378
February	0.1456	0.1369	0.1427
March	0.1477	0.1343	0.1410
April	0.1393	0.1336	0.1352
May	0.1436	0.1341	0.1392
June	0.1419	0.1300	0.1343
July	0.1362	0.1235	0.1288
August	0.1331	0.1272	0.1307
September	0.1315	0.1272	0.1292
October	0.1314	0.1241	0.1275
November	0.1239	0.1194	0.1220
December	0.1239	0.1163	0.1204