YEARLY HIGH
9.0540 ISK
YEARLY LOW
7.9802 ISK
YEARLY AVERAGE
8.5942 ISK

2021 ZAR to ISK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the ZAR to ISK exchange rate experienced significant fluctuation. The market reached its absolute peak on September 13, valuing the pair at 9.0540. Conversely, the yearly low was recorded on November 27, dropping to 7.9802.

This high-to-low spread represents a total annual volatility of 1.0738 ISK. From a start-to-finish perspective, comparing the January average rate of 8.5048 to the December average rate of 8.1937, the exchange rate registered a net change of -3.66% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2021 high of 9.0540 was up 1.46% compared to the 2020 peak of 8.9234, 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 452,702 ISK
2020 Average 412,047 ISK
Yearly Trough Low 399,012 ISK
Transaction Impact: A difference of 53,690.18 ISK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

8.8525
8.1338
JanuMarcMayJulySeptNove

ZAR to ISK 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 8.6601, compared to 8.5283 in the second half (H2: JulтАУDec). This shows that the rate was stronger in the first half (JanтАУJun) by a margin of 0.1318 points.

H1 Avg (JanтАУJun) 8.6601
H2 Avg (JulтАУDec) 8.5283

Volatility Range Comparison

Volatility

The most volatile month in 2021 was November, with a trading range of 0.7202 ISK (High: 8.7004 / Low: 7.9802). On the other end, July was the most stable month, with a tight range of 0.2746 ISK (High: 8.7155 / Low: 8.4409).

November Spread (Volatile) ┬▒0.7202
July Spread (Stable) ┬▒0.2746

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 October and November, when the average rate fell by 0.2752 points.

Longest Streak 2 Mo.
Sharpest MoM Drop -0.2752

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2021: 8.7926) against the same month in 2020 (average: 8.2414), the exchange rate shifted by +0.5513 (+6.69%).

2021 Avg (September) 8.7926
2020 Avg (September) 8.2414

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Month High Low Average
January 8.7212 8.2005 8.5048
February 8.8760 8.3881 8.6872
March 8.6426 8.2514 8.4968
April 8.9460 8.5956 8.7301
May 8.8817 8.5863 8.7715
June 9.0064 8.6003 8.7701
July 8.7155 8.4409 8.5725
August 8.7051 8.3473 8.5289
September 9.0540 8.4890 8.7926
October 8.9331 8.4779 8.6787
November 8.7004 7.9802 8.4034
December 8.3711 8.0299 8.1937