2024 LRD to ZAR Historical Review

YEARLY HIGH

0.1037 ZAR

YEARLY LOW

0.0871 ZAR

YEARLY AVERAGE

0.0958 ZAR

2024 LRD to ZAR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the LRD to ZAR exchange rate experienced significant fluctuation. The market reached its absolute peak on December 26, valuing the pair at 0.1037. Conversely, the yearly low was recorded on September 20, dropping to 0.0871.

This high-to-low spread represents a total annual volatility of 0.0166 ZAR. From a start-to-finish perspective, comparing the January average rate of 0.0991 to the December average rate of 0.1010, the exchange rate registered a net change of 1.89% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.1037 was down 13.41% compared to the 2023 peak of 0.1198, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 519 ZAR

2023 Average 530 ZAR

Yearly Trough Low 436 ZAR

Transaction Impact: A difference of 83.05 ZAR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.1021

0.0889

JanuMarcMayJulySeptNove

LRD 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 0.0975, compared to 0.0942 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0033 points.

H1 Avg (Jan–Jun) 0.0975

H2 Avg (Jul–Dec) 0.0942

Volatility Range Comparison

Volatility

The most volatile month in 2024 was November, with a trading range of 0.0106 ZAR (High: 0.1016 / Low: 0.0909). On the other end, October was the most stable month, with a tight range of 0.0029 ZAR (High: 0.0925 / Low: 0.0896).

November Spread (Volatile) ±0.0106

October Spread (Stable) ±0.0029

Growth Streaks & Declines

Trends

Between September and December, 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 0.0029 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0029

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2024: 0.1010) against the same month in 2023 (average: 0.0988), the exchange rate shifted by +0.0022 (+2.24%).

2024 Avg (December) 0.1010

2023 Avg (December) 0.0988

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1014	0.0968	0.0991
February	0.1013	0.0978	0.0999
March	0.0994	0.0964	0.0980
April	0.1013	0.0956	0.0980
May	0.0969	0.0933	0.0951
June	0.0978	0.0923	0.0948
July	0.0957	0.0922	0.0935
August	0.0959	0.0907	0.0924
September	0.0921	0.0871	0.0900
October	0.0925	0.0896	0.0912
November	0.1016	0.0909	0.0972
December	0.1037	0.0987	0.1010