2024 SCR to ZAR Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 SCR to ZAR Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the SCR to ZAR exchange rate experienced significant fluctuation. The market reached its absolute peak on January 17, valuing the pair at 1.4617. Conversely, the yearly low was recorded on October 14, dropping to 1.1666.
This high-to-low spread represents a total annual volatility of 0.2952 ZAR. From a start-to-finish perspective, comparing the January average rate of 1.4014 to the December average rate of 1.2934, the exchange rate registered a net change of -7.71% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2024 high of 1.4617 was down 3.30% compared to the 2023 peak of 1.5115, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 SCR based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
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)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 1.3789, compared to 1.3048 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0741 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was October, with a trading range of 0.1833 ZAR (High: 1.3499 / Low: 1.1666). On the other end, May was the most stable month, with a tight range of 0.0738 ZAR (High: 1.3844 / Low: 1.3106).
Growth Streaks & Declines
TrendsNo sustained consecutive month-over-month growth streak of 2+ months occurred in 2024. Conversely, the sharpest month-over-month decline occurred between April and May, when the average rate fell by 0.0415 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (January 2024: 1.4014) against the same month in 2023 (average: 1.2615), the exchange rate shifted by +0.1399 (+11.09%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 1.4617 | 1.3473 | 1.4014 |
| February | 1.4506 | 1.3659 | 1.4134 |
| March | 1.4198 | 1.3113 | 1.3875 |
| April | 1.4162 | 1.3324 | 1.3897 |
| May | 1.3844 | 1.3106 | 1.3482 |
| June | 1.3894 | 1.2267 | 1.3332 |
| July | 1.3773 | 1.2857 | 1.3215 |
| August | 1.3957 | 1.2220 | 1.3162 |
| September | 1.3498 | 1.2375 | 1.3085 |
| October | 1.3499 | 1.1666 | 1.2824 |
| November | 1.3458 | 1.2502 | 1.3066 |
| December | 1.3632 | 1.1833 | 1.2934 |