2023 NPR to ZAR Historical Review

YEARLY HIGH

0.1495 ZAR

YEARLY LOW

0.1274 ZAR

YEARLY AVERAGE

0.1397 ZAR

2023 NPR to ZAR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the NPR to ZAR exchange rate experienced significant fluctuation. The market reached its absolute peak on May 25, valuing the pair at 0.1495. Conversely, the yearly low was recorded on January 4, dropping to 0.1274.

This high-to-low spread represents a total annual volatility of 0.0221 ZAR. From a start-to-finish perspective, comparing the January average rate of 0.1304 to the December average rate of 0.1395, the exchange rate registered a net change of 6.94% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.1495 was up 7.00% compared to the 2022 peak of 0.1397, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 748 ZAR

2022 Average 651 ZAR

Yearly Trough Low 637 ZAR

Transaction Impact: A difference of 110.36 ZAR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.1465

0.1290

JanuMarcMayJulySeptNove

NPR 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 0.1385, compared to 0.1408 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0023 points.

H1 Avg (Jan–Jun) 0.1385

H2 Avg (Jul–Dec) 0.1408

Volatility Range Comparison

Volatility

The most volatile month in 2023 was July, with a trading range of 0.0111 ZAR (High: 0.1451 / Low: 0.1341). On the other end, September was the most stable month, with a tight range of 0.0033 ZAR (High: 0.1446 / Low: 0.1413).

July Spread (Volatile) ±0.0111

September Spread (Stable) ±0.0033

Growth Streaks & Declines

Trends

Between July and October, 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 0.0038 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0038

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2023: 0.1451) against the same month in 2022 (average: 0.1286), the exchange rate shifted by +0.0164 (+12.78%).

2023 Avg (May) 0.1451

2022 Avg (May) 0.1286

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1335	0.1274	0.1304
February	0.1392	0.1300	0.1356
March	0.1442	0.1353	0.1389
April	0.1417	0.1352	0.1386
May	0.1495	0.1398	0.1451
June	0.1484	0.1386	0.1425
July	0.1451	0.1341	0.1387
August	0.1441	0.1388	0.1418
September	0.1446	0.1413	0.1428
October	0.1469	0.1401	0.1431
November	0.1418	0.1366	0.1393
December	0.1429	0.1371	0.1395