YEARLY HIGH
0.1662 TOP
YEARLY LOW
0.1399 TOP
YEARLY AVERAGE
0.1534 TOP

2021 ZAR to TOP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the ZAR to TOP exchange rate experienced significant fluctuation. The market reached its absolute peak on June 6, valuing the pair at 0.1662. Conversely, the yearly low was recorded on November 27, dropping to 0.1399.

This high-to-low spread represents a total annual volatility of 0.0263 TOP. From a start-to-finish perspective, comparing the January average rate of 0.1509 to the December average rate of 0.1439, the exchange rate registered a net change of -4.65% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2021 high of 0.1662 was up 1.91% compared to the 2020 peak of 0.1631, 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 8,312 TOP
2020 Average 7,030 TOP
Yearly Trough Low 6,997 TOP
Transaction Impact: A difference of 1,314.93 TOP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

0.1622
0.1422
JanuMarcMayJulySeptNove

ZAR to TOP 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 0.1562, compared to 0.1506 in the second half (H2: JulтАУDec). This shows that the rate was stronger in the first half (JanтАУJun) by a margin of 0.0056 points.

H1 Avg (JanтАУJun) 0.1562
H2 Avg (JulтАУDec) 0.1506

Volatility Range Comparison

Volatility

The most volatile month in 2021 was November, with a trading range of 0.0107 TOP (High: 0.1506 / Low: 0.1399). On the other end, December was the most stable month, with a tight range of 0.0049 TOP (High: 0.1466 / Low: 0.1417).

November Spread (Volatile) ┬▒0.0107
December Spread (Stable) ┬▒0.0049

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 October and November, when the average rate fell by 0.0063 points.

Longest Streak 3 Mo.
Sharpest MoM Drop -0.0063

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (June 2021: 0.1606) against the same month in 2020 (average: 0.1326), the exchange rate shifted by +0.0279 (+21.05%).

2021 Avg (June) 0.1606
2020 Avg (June) 0.1326

рдорд╛рд╕рд┐рдХ рд╡рд┐рд╢реНрд▓реЗрд╖рдг

рдкреНрд░рддреНрдпреЗрдХ рдХреЕрд▓реЗрдВрдбрд░ рдорд╣рд┐рдиреНрдпрд╛рд╕рд╛рдареА рд╕рд╛рдВрдЦреНрдпрд┐рдХреАрдп рд╕рд╛рд░рд╛рдВрд╢.

Month High Low Average
January 0.1553 0.1461 0.1509
February 0.1588 0.1503 0.1554
March 0.1550 0.1474 0.1522
April 0.1612 0.1559 0.1578
May 0.1633 0.1560 0.1602
June 0.1662 0.1559 0.1606
July 0.1588 0.1522 0.1557
August 0.1579 0.1486 0.1531
September 0.1589 0.1494 0.1546
October 0.1560 0.1467 0.1515
November 0.1506 0.1399 0.1452
December 0.1466 0.1417 0.1439