2024 NZD to SAR Historical Review

YEARLY HIGH

2.3831 SAR

YEARLY LOW

2.1010 SAR

YEARLY AVERAGE

2.2702 SAR

2024 NZD to SAR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the NZD to SAR exchange rate experienced significant fluctuation. The market reached its absolute peak on September 24, valuing the pair at 2.3831. Conversely, the yearly low was recorded on December 31, dropping to 2.1010.

This high-to-low spread represents a total annual volatility of 0.2821 SAR. From a start-to-finish perspective, comparing the January average rate of 2.3155 to the December average rate of 2.1557, the exchange rate registered a net change of -6.90% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 2.3831 was down 2.52% compared to the 2023 peak of 2.4448, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 11,916 SAR

2023 Average 11,521 SAR

Yearly Trough Low 10,505 SAR

Transaction Impact: A difference of 1,410.59 SAR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

2.3544

2.1376

JanuMarcMayJulySeptNove

NZD to SAR 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 2.2838, compared to 2.2566 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0272 points.

H1 Avg (Jan–Jun) 2.2838

H2 Avg (Jul–Dec) 2.2566

Volatility Range Comparison

Volatility

The most volatile month in 2024 was August, with a trading range of 0.1240 SAR (High: 2.3500 / Low: 2.2260). On the other end, June was the most stable month, with a tight range of 0.0429 SAR (High: 2.3239 / Low: 2.2811).

August Spread (Volatile) ±0.1240

June Spread (Stable) ±0.0429

Growth Streaks & Declines

Trends

Between April and June, 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 November and December, when the average rate fell by 0.0630 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0630

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2024: 2.3364) against the same month in 2023 (average: 2.2234), the exchange rate shifted by +0.1129 (+5.08%).

2024 Avg (September) 2.3364

2023 Avg (September) 2.2234

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.3679	2.2777	2.3155
February	2.3250	2.2701	2.2982
March	2.3172	2.2399	2.2785
April	2.2749	2.2044	2.2330
May	2.3071	2.2253	2.2767
June	2.3239	2.2811	2.3008
July	2.3037	2.2046	2.2630
August	2.3500	2.2260	2.2838
September	2.3831	2.3013	2.3364
October	2.3566	2.2419	2.2818
November	2.2618	2.1828	2.2187
December	2.2186	2.1010	2.1557