2021 SGD to ZAR Historical Review

YEARLY HIGH

11.8681 ZAR

YEARLY LOW

10.1352 ZAR

YEARLY AVERAGE

11.0049 ZAR

2021 SGD to ZAR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the SGD to ZAR exchange rate experienced significant fluctuation. The market reached its absolute peak on November 26, valuing the pair at 11.8681. Conversely, the yearly low was recorded on June 5, dropping to 10.1352.

This high-to-low spread represents a total annual volatility of 1.7330 ZAR. From a start-to-finish perspective, comparing the January average rate of 11.3995 to the December average rate of 11.6466, the exchange rate registered a net change of 2.17% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2021 high of 11.8681 was down 11.54% compared to the 2020 peak of 13.4167, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 59,341 ZAR

2020 Average 59,645 ZAR

Yearly Trough Low 50,676 ZAR

Transaction Impact: A difference of 8,664.78 ZAR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

11.7675

10.3161

JanuMarcMayJulySeptNove

SGD 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 10.9165, compared to 11.0934 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1769 points.

H1 Avg (Jan–Jun) 10.9165

H2 Avg (Jul–Dec) 11.0934

Volatility Range Comparison

Volatility

The most volatile month in 2021 was November, with a trading range of 0.7959 ZAR (High: 11.8681 / Low: 11.0723). On the other end, April was the most stable month, with a tight range of 0.2833 ZAR (High: 10.8987 / Low: 10.6154).

November Spread (Volatile) ±0.7959

April Spread (Stable) ±0.2833

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 March and April, when the average rate fell by 0.3565 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.3565

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2021: 11.4594) against the same month in 2020 (average: 11.5242), the exchange rate shifted by -0.0647 (-0.56%).

2021 Avg (November) 11.4594

2020 Avg (November) 11.5242

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	11.6655	11.0945	11.3995
February	11.3443	10.9264	11.1230
March	11.5031	10.9294	11.1606
April	10.8987	10.6154	10.8041
May	10.8915	10.3873	10.5744
June	10.6732	10.1352	10.4371
July	10.9133	10.4952	10.7080
August	11.2474	10.5976	10.9189
September	11.1435	10.5400	10.8169
October	11.3039	10.7295	11.0104
November	11.8681	11.0723	11.4594
December	11.8274	11.4495	11.6466