2023 KPW to ZAR Historical Review

YEARLY HIGH

0.0220 ZAR

YEARLY LOW

0.0186 ZAR

YEARLY AVERAGE

0.0205 ZAR

2023 KPW to ZAR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the KPW to ZAR exchange rate experienced significant fluctuation. The market reached its absolute peak on May 25, valuing the pair at 0.0220. Conversely, the yearly low was recorded on January 12, dropping to 0.0186.

This high-to-low spread represents a total annual volatility of 0.0034 ZAR. From a start-to-finish perspective, comparing the January average rate of 0.0190 to the December average rate of 0.0207, the exchange rate registered a net change of 8.90% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0220 was up 7.46% compared to the 2022 peak of 0.0205, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 110 ZAR

2022 Average 91 ZAR

Yearly Trough Low 93 ZAR

Transaction Impact: A difference of 16.88 ZAR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0214

0.0187

JanuMarcMayJulySeptNove

KPW 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 0.0202, compared to 0.0208 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0005 points.

H1 Avg (Jan–Jun) 0.0202

H2 Avg (Jul–Dec) 0.0208

Volatility Range Comparison

Volatility

The most volatile month in 2023 was July, with a trading range of 0.0017 ZAR (High: 0.0212 / Low: 0.0195). On the other end, September was the most stable month, with a tight range of 0.0005 ZAR (High: 0.0214 / Low: 0.0208).

July Spread (Volatile) ±0.0017

September Spread (Stable) ±0.0005

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 0.0006 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0006

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2023: 0.0212) against the same month in 2022 (average: 0.0177), the exchange rate shifted by +0.0036 (+20.17%).

2023 Avg (May) 0.0212

2022 Avg (May) 0.0177

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0193	0.0186	0.0190
February	0.0205	0.0189	0.0199
March	0.0209	0.0198	0.0203
April	0.0206	0.0198	0.0202
May	0.0220	0.0203	0.0212
June	0.0218	0.0202	0.0208
July	0.0212	0.0195	0.0202
August	0.0213	0.0203	0.0209
September	0.0214	0.0208	0.0211
October	0.0217	0.0207	0.0211
November	0.0210	0.0202	0.0206
December	0.0212	0.0203	0.0207