2023 SOS to ZAR Historical Review

YEARLY HIGH

0.0348 ZAR

YEARLY LOW

0.0294 ZAR

YEARLY AVERAGE

0.0324 ZAR

2023 SOS to ZAR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the SOS to ZAR exchange rate experienced significant fluctuation. The market reached its absolute peak on May 25, valuing the pair at 0.0348. Conversely, the yearly low was recorded on January 12, dropping to 0.0294.

This high-to-low spread represents a total annual volatility of 0.0053 ZAR. From a start-to-finish perspective, comparing the January average rate of 0.0300 to the December average rate of 0.0325, the exchange rate registered a net change of 8.32% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0348 was up 7.11% compared to the 2022 peak of 0.0325, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 174 ZAR

2022 Average 142 ZAR

Yearly Trough Low 147 ZAR

Transaction Impact: A difference of 26.73 ZAR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0340

0.0297

JanuMarcMayJulySeptNove

SOS 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 0.0320, compared to 0.0328 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0007 points.

H1 Avg (Jan–Jun) 0.0320

H2 Avg (Jul–Dec) 0.0328

Volatility Range Comparison

Volatility

The most volatile month in 2023 was July, with a trading range of 0.0029 ZAR (High: 0.0338 / Low: 0.0308). On the other end, September was the most stable month, with a tight range of 0.0008 ZAR (High: 0.0337 / Low: 0.0329).

July Spread (Volatile) ±0.0029

September Spread (Stable) ±0.0008

Growth Streaks & Declines

Trends

Between July and October, 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 June and July, when the average rate fell by 0.0009 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0009

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2023: 0.0336) against the same month in 2022 (average: 0.0274), the exchange rate shifted by +0.0062 (+22.67%).

2023 Avg (May) 0.0336

2022 Avg (May) 0.0274

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0306	0.0294	0.0300
February	0.0324	0.0300	0.0315
March	0.0335	0.0313	0.0322
April	0.0325	0.0313	0.0320
May	0.0348	0.0322	0.0336
June	0.0345	0.0320	0.0329
July	0.0338	0.0308	0.0320
August	0.0337	0.0321	0.0330
September	0.0337	0.0329	0.0333
October	0.0342	0.0326	0.0333
November	0.0331	0.0318	0.0325
December	0.0334	0.0320	0.0325