YEARLY HIGH
1.0570 ZAR
YEARLY LOW
0.8741 ZAR
YEARLY AVERAGE
0.9799 ZAR

2017 SCR to ZAR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2017

During 2017, the SCR to ZAR exchange rate experienced significant fluctuation. The market reached its absolute peak on January 3, valuing the pair at 1.0570. Conversely, the yearly low was recorded on December 27, dropping to 0.8741.

This high-to-low spread represents a total annual volatility of 0.1829 ZAR. From a start-to-finish perspective, comparing the January average rate of 1.0155 to the December average rate of 0.9399, the exchange rate registered a net change of -7.44% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2017 high of 1.0570 was down 19.42% compared to the 2016 peak of 1.3117, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 5,285 ZAR
2016 Average 5,543 ZAR
Yearly Trough Low 4,370 ZAR
Transaction Impact: A difference of 914.53 ZAR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2017.

1.0278
0.9319
JanuMarcMayJulySeptNove

SCR 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 0.9814, compared to 0.9784 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0029 points.

H1 Avg (Jan–Jun) 0.9814
H2 Avg (Jul–Dec) 0.9784

Volatility Range Comparison

Volatility

The most volatile month in 2017 was December, with a trading range of 0.1517 ZAR (High: 1.0258 / Low: 0.8741). On the other end, September was the most stable month, with a tight range of 0.0501 ZAR (High: 0.9894 / Low: 0.9392).

December Spread (Volatile) ±0.1517
September Spread (Stable) ±0.0501

Growth Streaks & Declines

Trends

Between June and August, 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 0.0800 points.

Longest Streak 2 Mo.
Sharpest MoM Drop -0.0800

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2017: 1.0155) against the same month in 2016 (average: 1.2454), the exchange rate shifted by -0.2300 (-18.47%).

2017 Avg (January) 1.0155
2016 Avg (January) 1.2454

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 1.0570 0.9796 1.0155
February 1.0188 0.9497 0.9799
March 0.9996 0.9088 0.9600
April 1.0476 0.9588 0.9966
May 1.0121 0.9433 0.9788
June 0.9887 0.9264 0.9573
July 1.0180 0.9410 0.9697
August 1.0229 0.9544 0.9755
September 0.9894 0.9392 0.9656
October 1.0296 0.9690 1.0000
November 1.0510 0.9797 1.0198
December 1.0258 0.8741 0.9399