2024 NZD to ZAR Historical Review

YEARLY HIGH

11.9579 ZAR

YEARLY LOW

10.2549 ZAR

YEARLY AVERAGE

11.0911 ZAR

2024 NZD to ZAR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the NZD to ZAR exchange rate experienced significant fluctuation. The market reached its absolute peak on February 23, valuing the pair at 11.9579. Conversely, the yearly low was recorded on December 11, dropping to 10.2549.

This high-to-low spread represents a total annual volatility of 1.7030 ZAR. From a start-to-finish perspective, comparing the January average rate of 11.5768 to the December average rate of 10.4658, the exchange rate registered a net change of -9.60% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 11.9579 was down 2.21% compared to the 2023 peak of 12.2282, 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 59,789 ZAR

2023 Average 56,636 ZAR

Yearly Trough Low 51,275 ZAR

Transaction Impact: A difference of 8,514.81 ZAR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

11.7757

10.3467

JanuMarcMayJulySeptNove

NZD 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 11.3999, compared to 10.7823 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.6176 points.

H1 Avg (Jan–Jun) 11.3999

H2 Avg (Jul–Dec) 10.7823

Volatility Range Comparison

Volatility

The most volatile month in 2024 was June, with a trading range of 0.7614 ZAR (High: 11.7526 / Low: 10.9912). On the other end, January was the most stable month, with a tight range of 0.2790 ZAR (High: 11.6925 / Low: 11.4135).

June Spread (Volatile) ±0.7614

January Spread (Stable) ±0.2790

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2024. Conversely, the sharpest month-over-month decline occurred between June and July, when the average rate fell by 0.2948 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.2948

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2024: 11.6567) against the same month in 2023 (average: 11.2552), the exchange rate shifted by +0.4014 (+3.57%).

2024 Avg (February) 11.6567

2023 Avg (February) 11.2552

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	11.6925	11.4135	11.5768
February	11.9579	11.4179	11.6567
March	11.6487	11.1821	11.4557
April	11.4176	11.0441	11.2429
May	11.5610	11.0049	11.1753
June	11.7526	10.9912	11.2917
July	11.3149	10.7592	10.9969
August	11.2315	10.7602	10.9921
September	11.1496	10.8060	10.9535
October	10.9286	10.5106	10.6764
November	10.8619	10.4201	10.6089
December	10.6902	10.2549	10.4658