2024 NPR to ZAR Historical Review

YEARLY HIGH

0.1456 ZAR

YEARLY LOW

0.1277 ZAR

YEARLY AVERAGE

0.1370 ZAR

2024 NPR to ZAR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the NPR to ZAR exchange rate experienced significant fluctuation. The market reached its absolute peak on February 28, valuing the pair at 0.1456. Conversely, the yearly low was recorded on September 29, dropping to 0.1277.

This high-to-low spread represents a total annual volatility of 0.0179 ZAR. From a start-to-finish perspective, comparing the January average rate of 0.1410 to the December average rate of 0.1342, the exchange rate registered a net change of -4.81% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.1456 was down 2.59% compared to the 2023 peak of 0.1495, 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 728 ZAR

2023 Average 699 ZAR

Yearly Trough Low 639 ZAR

Transaction Impact: A difference of 89.44 ZAR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.1445

0.1294

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 0.1406, compared to 0.1334 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0073 points.

H1 Avg (Jan–Jun) 0.1406

H2 Avg (Jul–Dec) 0.1334

Volatility Range Comparison

Volatility

The most volatile month in 2024 was December, with a trading range of 0.0080 ZAR (High: 0.1386 / Low: 0.1306). On the other end, October was the most stable month, with a tight range of 0.0031 ZAR (High: 0.1322 / Low: 0.1290).

December Spread (Volatile) ±0.0080

October Spread (Stable) ±0.0031

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 April and May, when the average rate fell by 0.0036 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0036

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2024: 0.1432) against the same month in 2023 (average: 0.1356), the exchange rate shifted by +0.0076 (+5.59%).

2024 Avg (February) 0.1432

2023 Avg (February) 0.1356

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1445	0.1373	0.1410
February	0.1456	0.1401	0.1432
March	0.1444	0.1403	0.1420
April	0.1448	0.1387	0.1416
May	0.1408	0.1355	0.1380
June	0.1422	0.1343	0.1378
July	0.1393	0.1346	0.1363
August	0.1394	0.1319	0.1347
September	0.1337	0.1277	0.1312
October	0.1322	0.1290	0.1306
November	0.1354	0.1282	0.1331
December	0.1386	0.1306	0.1342