YEARLY HIGH
0.0715 ZAR
YEARLY LOW
0.0324 ZAR
YEARLY AVERAGE
0.0373 ZAR

2018 MRO to ZAR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2018

During 2018, the MRO to ZAR exchange rate experienced significant fluctuation. The market reached its absolute peak on October 8, valuing the pair at 0.0715. Conversely, the yearly low was recorded on February 24, dropping to 0.0324.

This high-to-low spread represents a total annual volatility of 0.0390 ZAR. From a start-to-finish perspective, comparing the January average rate of 0.0344 to the December average rate of 0.0400, the exchange rate registered a net change of 16.53% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2018 high of 0.0715 was up 75.17% compared to the 2017 peak of 0.0408, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 357 ZAR
2017 Average 185 ZAR
Yearly Trough Low 162 ZAR
Transaction Impact: A difference of 195.20 ZAR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2018.

0.0436
0.0323
JanuMarcMayJulySeptNove

MRO 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 0.0346, compared to 0.0401 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0055 points.

H1 Avg (Jan–Jun) 0.0346
H2 Avg (Jul–Dec) 0.0401

Volatility Range Comparison

Volatility

The most volatile month in 2018 was October, with a trading range of 0.0317 ZAR (High: 0.0715 / Low: 0.0397). On the other end, March was the most stable month, with a tight range of 0.0010 ZAR (High: 0.0338 / Low: 0.0328).

October Spread (Volatile) ±0.0317
March Spread (Stable) ±0.0010

Growth Streaks & Declines

Trends

Between February and October, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 8 straight months. Conversely, the sharpest month-over-month decline occurred between October and November, when the average rate fell by 0.0032 points.

Longest Streak 8 Mo.
Sharpest MoM Drop -0.0032

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2018: 0.0427) against the same month in 2017 (average: 0.0380), the exchange rate shifted by +0.0047 (+12.39%).

2018 Avg (October) 0.0427
2017 Avg (October) 0.0380

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 0.0352 0.0334 0.0344
February 0.0342 0.0324 0.0333
March 0.0338 0.0328 0.0333
April 0.0351 0.0333 0.0340
May 0.0359 0.0344 0.0352
June 0.0390 0.0354 0.0374
July 0.0389 0.0368 0.0376
August 0.0412 0.0371 0.0394
September 0.0432 0.0395 0.0413
October 0.0715 0.0397 0.0427
November 0.0405 0.0383 0.0395
December 0.0410 0.0384 0.0400