2023 LSL to ZAR Historical Review

YEARLY HIGH

1.0371 ZAR

YEARLY LOW

0.9539 ZAR

YEARLY AVERAGE

0.9997 ZAR

2023 LSL to ZAR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the LSL to ZAR exchange rate experienced significant fluctuation. The market reached its absolute peak on March 18, valuing the pair at 1.0371. Conversely, the yearly low was recorded on November 13, dropping to 0.9539.

This high-to-low spread represents a total annual volatility of 0.0831 ZAR. From a start-to-finish perspective, comparing the January average rate of 0.9984 to the December average rate of 0.9961, the exchange rate registered a net change of -0.23% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 1.0371 was down 1.08% compared to the 2022 peak of 1.0484, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 5,185 ZAR

2022 Average 5,004 ZAR

Yearly Trough Low 4,770 ZAR

Transaction Impact: A difference of 415.62 ZAR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

1.0039

0.9954

JanuMarcMayJulySeptNove

LSL 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 1.0009, compared to 0.9984 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0024 points.

H1 Avg (Jan–Jun) 1.0009

H2 Avg (Jul–Dec) 0.9984

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 0.0711 ZAR (High: 1.0251 / Low: 0.9539). On the other end, September was the most stable month, with a tight range of 0.0187 ZAR (High: 1.0115 / Low: 0.9928).

November Spread (Volatile) ±0.0711

September Spread (Stable) ±0.0187

Growth Streaks & Declines

Trends

Between March and May, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between May and June, when the average rate fell by 0.0026 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0026

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2023: 1.0002) against the same month in 2022 (average: 0.9970), the exchange rate shifted by +0.0032 (+0.32%).

2023 Avg (March) 1.0002

2022 Avg (March) 0.9970

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.0121	0.9923	0.9984
February	1.0188	0.9876	1.0012
March	1.0371	0.9845	1.0002
April	1.0136	0.9896	1.0016
May	1.0257	0.9950	1.0032
June	1.0232	0.9906	1.0006
July	1.0171	0.9769	0.9995
August	1.0145	0.9827	0.9991
September	1.0115	0.9928	1.0004
October	1.0109	0.9902	0.9987
November	1.0251	0.9539	0.9968
December	1.0082	0.9604	0.9961