2024 KES to ZAR Historical Review

YEARLY HIGH

0.1482 ZAR

YEARLY LOW

0.1153 ZAR

YEARLY AVERAGE

0.1366 ZAR

2024 KES to ZAR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the KES to ZAR exchange rate experienced significant fluctuation. The market reached its absolute peak on April 14, valuing the pair at 0.1482. Conversely, the yearly low was recorded on January 26, dropping to 0.1153.

This high-to-low spread represents a total annual volatility of 0.0330 ZAR. From a start-to-finish perspective, comparing the January average rate of 0.1174 to the December average rate of 0.1411, the exchange rate registered a net change of 20.19% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.1482 was up 0.38% compared to the 2023 peak of 0.1477, 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 741 ZAR

2023 Average 662 ZAR

Yearly Trough Low 576 ZAR

Transaction Impact: A difference of 164.88 ZAR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.1465

0.1147

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 0.1343, compared to 0.1390 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0047 points.

H1 Avg (Jan–Jun) 0.1343

H2 Avg (Jul–Dec) 0.1390

Volatility Range Comparison

Volatility

The most volatile month in 2024 was February, with a trading range of 0.0192 ZAR (High: 0.1345 / Low: 0.1153). On the other end, October was the most stable month, with a tight range of 0.0034 ZAR (High: 0.1379 / Low: 0.1346).

February Spread (Volatile) ±0.0192

October Spread (Stable) ±0.0034

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 April and May, when the average rate fell by 0.0039 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0039

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2024: 0.1438) against the same month in 2023 (average: 0.1352), the exchange rate shifted by +0.0087 (+6.40%).

2024 Avg (April) 0.1438

2023 Avg (April) 0.1352

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1199	0.1153	0.1174
February	0.1345	0.1153	0.1251
March	0.1445	0.1294	0.1373
April	0.1482	0.1393	0.1438
May	0.1440	0.1368	0.1400
June	0.1456	0.1387	0.1420
July	0.1442	0.1392	0.1413
August	0.1452	0.1373	0.1399
September	0.1394	0.1326	0.1364
October	0.1379	0.1346	0.1362
November	0.1412	0.1342	0.1389
December	0.1461	0.1367	0.1411