2024 SBD to ZAR Historical Review

YEARLY HIGH

2.2933 ZAR

YEARLY LOW

2.0623 ZAR

YEARLY AVERAGE

2.1762 ZAR

2024 SBD to ZAR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the SBD to ZAR exchange rate experienced significant fluctuation. The market reached its absolute peak on January 22, valuing the pair at 2.2933. Conversely, the yearly low was recorded on September 29, dropping to 2.0623.

This high-to-low spread represents a total annual volatility of 0.2310 ZAR. From a start-to-finish perspective, comparing the January average rate of 2.2268 to the December average rate of 2.1771, the exchange rate registered a net change of -2.23% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 2.2933 was down 3.47% compared to the 2023 peak of 2.3757, 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 11,467 ZAR

2023 Average 11,054 ZAR

Yearly Trough Low 10,311 ZAR

Transaction Impact: A difference of 1,155.06 ZAR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

2.2642

2.0954

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 2.2128, compared to 2.1396 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0732 points.

H1 Avg (Jan–Jun) 2.2128

H2 Avg (Jul–Dec) 2.1396

Volatility Range Comparison

Volatility

The most volatile month in 2024 was December, with a trading range of 0.1428 ZAR (High: 2.2544 / Low: 2.1116). On the other end, October was the most stable month, with a tight range of 0.0545 ZAR (High: 2.1472 / Low: 2.0927).

December Spread (Volatile) ±0.1428

October Spread (Stable) ±0.0545

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 0.0577 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0577

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2024: 2.2268) against the same month in 2023 (average: 2.0664), the exchange rate shifted by +0.1605 (+7.77%).

2024 Avg (January) 2.2268

2023 Avg (January) 2.0664

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.2933	2.1717	2.2268
February	2.2780	2.2108	2.2501
March	2.2562	2.1348	2.2275
April	2.2861	2.1735	2.2274
May	2.2139	2.1222	2.1698
June	2.2360	2.1125	2.1754
July	2.2046	2.1274	2.1574
August	2.2079	2.0863	2.1305
September	2.1532	2.0623	2.1095
October	2.1472	2.0927	2.1153
November	2.1830	2.0729	2.1481
December	2.2544	2.1116	2.1771