YEARLY HIGH
3.8085 GMD
YEARLY LOW
3.2199 GMD
YEARLY AVERAGE
3.4878 GMD

2021 ZAR to GMD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the ZAR to GMD exchange rate experienced significant fluctuation. The market reached its absolute peak on June 6, valuing the pair at 3.8085. Conversely, the yearly low was recorded on November 27, dropping to 3.2199.

This high-to-low spread represents a total annual volatility of 0.5887 GMD. From a start-to-finish perspective, comparing the January average rate of 3.4182 to the December average rate of 3.3082, the exchange rate registered a net change of -3.22% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2021 high of 3.8085 was up 4.11% compared to the 2020 peak of 3.6582, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 50,000 ZAR based on timing:

Yearly Peak High 190,427 GMD
2020 Average 157,259 GMD
Yearly Trough Low 160,993 GMD
Transaction Impact: A difference of 29,433.64 GMD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

3.7113
3.2716
JanuMarcMayJulySeptNove

ZAR to GMD 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: JanтАУJun) was 3.5314, compared to 3.4442 in the second half (H2: JulтАУDec). This shows that the rate was stronger in the first half (JanтАУJun) by a margin of 0.0872 points.

H1 Avg (JanтАУJun) 3.5314
H2 Avg (JulтАУDec) 3.4442

Volatility Range Comparison

Volatility

The most volatile month in 2021 was September, with a trading range of 0.2819 GMD (High: 3.6760 / Low: 3.3941). On the other end, April was the most stable month, with a tight range of 0.1096 GMD (High: 3.6037 / Low: 3.4941).

September Spread (Volatile) ┬▒0.2819
April Spread (Stable) ┬▒0.1096

Growth Streaks & Declines

Trends

Between March and June, 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 0.1483 points.

Longest Streak 3 Mo.
Sharpest MoM Drop -0.1483

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (June 2021: 3.6746) against the same month in 2020 (average: 3.0140), the exchange rate shifted by +0.6606 (+21.92%).

2021 Avg (June) 3.6746
2020 Avg (June) 3.0140

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Month High Low Average
January 3.5317 3.3322 3.4182
February 3.5601 3.3906 3.4823
March 3.5004 3.3056 3.4237
April 3.6037 3.4941 3.5460
May 3.7297 3.5288 3.6434
June 3.8085 3.5604 3.6746
July 3.6038 3.4455 3.5263
August 3.5728 3.3350 3.4583
September 3.6760 3.3941 3.5291
October 3.6088 3.4105 3.4846
November 3.4922 3.2199 3.3587
December 3.3783 3.2472 3.3082