2024 PKR to ZAR Historical Review

YEARLY HIGH

0.0695 ZAR

YEARLY LOW

0.0616 ZAR

YEARLY AVERAGE

0.0658 ZAR

2024 PKR to ZAR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the PKR to ZAR exchange rate experienced significant fluctuation. The market reached its absolute peak on April 20, valuing the pair at 0.0695. Conversely, the yearly low was recorded on September 29, dropping to 0.0616.

This high-to-low spread represents a total annual volatility of 0.0079 ZAR. From a start-to-finish perspective, comparing the January average rate of 0.0670 to the December average rate of 0.0656, the exchange rate registered a net change of -2.07% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.0695 was down 8.06% compared to the 2023 peak of 0.0756, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 500,000 PKR based on timing:

Yearly Peak High 34,741 ZAR

2023 Average 33,091 ZAR

Yearly Trough Low 30,801 ZAR

Transaction Impact: A difference of 3,939.71 ZAR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.0687

0.0627

JanuMarcMayJulySeptNove

PKR 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 0.0672, compared to 0.0645 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0027 points.

H1 Avg (Jan–Jun) 0.0672

H2 Avg (Jul–Dec) 0.0645

Volatility Range Comparison

Volatility

The most volatile month in 2024 was December, with a trading range of 0.0041 ZAR (High: 0.0679 / Low: 0.0637). On the other end, October was the most stable month, with a tight range of 0.0016 ZAR (High: 0.0641 / Low: 0.0624).

December Spread (Volatile) ±0.0041

October Spread (Stable) ±0.0016

Growth Streaks & Declines

Trends

Between September and December, 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 April and May, when the average rate fell by 0.0018 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0018

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2024: 0.0679) against the same month in 2023 (average: 0.0640), the exchange rate shifted by +0.0039 (+6.05%).

2024 Avg (April) 0.0679

2023 Avg (April) 0.0640

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0687	0.0652	0.0670
February	0.0692	0.0665	0.0682
March	0.0686	0.0666	0.0677
April	0.0695	0.0664	0.0679
May	0.0675	0.0649	0.0662
June	0.0681	0.0644	0.0661
July	0.0668	0.0646	0.0655
August	0.0672	0.0636	0.0649
September	0.0645	0.0616	0.0632
October	0.0641	0.0624	0.0632
November	0.0657	0.0623	0.0646
December	0.0679	0.0637	0.0656