2023 SBD to ZAR Historical Review

YEARLY HIGH

2.3757 ZAR

YEARLY LOW

2.0184 ZAR

YEARLY AVERAGE

2.2107 ZAR

2023 SBD to ZAR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the SBD to ZAR exchange rate experienced significant fluctuation. The market reached its absolute peak on May 25, valuing the pair at 2.3757. Conversely, the yearly low was recorded on January 12, dropping to 2.0184.

This high-to-low spread represents a total annual volatility of 0.3573 ZAR. From a start-to-finish perspective, comparing the January average rate of 2.0664 to the December average rate of 2.1988, the exchange rate registered a net change of 6.41% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 2.3757 was up 5.50% compared to the 2022 peak of 2.2519, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 11,879 ZAR

2022 Average 10,058 ZAR

Yearly Trough Low 10,092 ZAR

Transaction Impact: A difference of 1,786.31 ZAR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

2.3167

2.0436

JanuMarcMayJulySeptNove

SBD 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 2.1993, compared to 2.2221 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0228 points.

H1 Avg (Jan–Jun) 2.1993

H2 Avg (Jul–Dec) 2.2221

Volatility Range Comparison

Volatility

The most volatile month in 2023 was July, with a trading range of 0.1898 ZAR (High: 2.2857 / Low: 2.0959). On the other end, September was the most stable month, with a tight range of 0.0649 ZAR (High: 2.2943 / Low: 2.2294).

July Spread (Volatile) ±0.1898

September Spread (Stable) ±0.0649

Growth Streaks & Declines

Trends

Between January and March, 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 June and July, when the average rate fell by 0.0703 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0703

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2023: 2.2939) against the same month in 2022 (average: 1.9614), the exchange rate shifted by +0.3325 (+16.95%).

2023 Avg (May) 2.2939

2022 Avg (May) 1.9614

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.1187	2.0184	2.0664
February	2.2370	2.0675	2.1770
March	2.2906	2.1601	2.2202
April	2.2346	2.1536	2.1906
May	2.3757	2.1971	2.2939
June	2.3548	2.1816	2.2478
July	2.2857	2.0959	2.1775
August	2.2888	2.1841	2.2445
September	2.2943	2.2294	2.2580
October	2.3122	2.2116	2.2569
November	2.2395	2.1604	2.1972
December	2.2570	2.1633	2.1988