2023 NAD to ZAR Historical Review

YEARLY HIGH

1.0358 ZAR

YEARLY LOW

0.9326 ZAR

YEARLY AVERAGE

0.9975 ZAR

2023 NAD to ZAR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the NAD to ZAR exchange rate experienced significant fluctuation. The market reached its absolute peak on February 6, valuing the pair at 1.0358. Conversely, the yearly low was recorded on October 28, dropping to 0.9326.

This high-to-low spread represents a total annual volatility of 0.1032 ZAR. From a start-to-finish perspective, comparing the January average rate of 0.9999 to the December average rate of 0.9954, the exchange rate registered a net change of -0.45% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 1.0358 was down 4.30% compared to the 2022 peak of 1.0823, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 5,179 ZAR

2022 Average 5,021 ZAR

Yearly Trough Low 4,663 ZAR

Transaction Impact: A difference of 515.93 ZAR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

1.0040

0.9874

JanuMarcMayJulySeptNove

NAD 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 1.0004, compared to 0.9947 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0058 points.

H1 Avg (Jan–Jun) 1.0004

H2 Avg (Jul–Dec) 0.9947

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 0.0814 ZAR (High: 1.0142 / Low: 0.9328). On the other end, January was the most stable month, with a tight range of 0.0267 ZAR (High: 1.0163 / Low: 0.9896).

November Spread (Volatile) ±0.0814

January Spread (Stable) ±0.0267

Growth Streaks & Declines

Trends

Between October and December, 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 September and October, when the average rate fell by 0.0109 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0109

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2023: 1.0026) against the same month in 2022 (average: 1.0000), the exchange rate shifted by +0.0026 (+0.26%).

2023 Avg (February) 1.0026

2022 Avg (February) 1.0000

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.0163	0.9896	0.9999
February	1.0358	0.9922	1.0026
March	1.0197	0.9831	0.9996
April	1.0123	0.9784	0.9994
May	1.0277	0.9921	1.0008
June	1.0232	0.9875	1.0003
July	1.0171	0.9769	0.9983
August	1.0118	0.9622	0.9967
September	1.0200	0.9923	0.9996
October	1.0091	0.9326	0.9888
November	1.0142	0.9328	0.9892
December	1.0123	0.9604	0.9954