2024 SOS to ZAR Historical Review

YEARLY HIGH

0.0338 ZAR

YEARLY LOW

0.0299 ZAR

YEARLY AVERAGE

0.0321 ZAR

2024 SOS to ZAR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the SOS to ZAR exchange rate experienced significant fluctuation. The market reached its absolute peak on April 20, valuing the pair at 0.0338. Conversely, the yearly low was recorded on September 29, dropping to 0.0299.

This high-to-low spread represents a total annual volatility of 0.0039 ZAR. From a start-to-finish perspective, comparing the January average rate of 0.0328 to the December average rate of 0.0319, the exchange rate registered a net change of -2.73% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.0338 was down 2.72% compared to the 2023 peak of 0.0348, 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 169 ZAR

2023 Average 162 ZAR

Yearly Trough Low 150 ZAR

Transaction Impact: A difference of 19.49 ZAR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.0335

0.0305

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 0.0328, compared to 0.0314 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0014 points.

H1 Avg (Jan–Jun) 0.0328

H2 Avg (Jul–Dec) 0.0314

Volatility Range Comparison

Volatility

The most volatile month in 2024 was December, with a trading range of 0.0021 ZAR (High: 0.0331 / Low: 0.0310). On the other end, October was the most stable month, with a tight range of 0.0008 ZAR (High: 0.0311 / Low: 0.0303).

December Spread (Volatile) ±0.0021

October Spread (Stable) ±0.0008

Growth Streaks & Declines

Trends

Between October and December, 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 August and September, when the average rate fell by 0.0009 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0009

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2024: 0.0331) against the same month in 2023 (average: 0.0320), the exchange rate shifted by +0.0011 (+3.38%).

2024 Avg (April) 0.0331

2023 Avg (April) 0.0320

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0336	0.0320	0.0328
February	0.0338	0.0325	0.0333
March	0.0335	0.0325	0.0330
April	0.0338	0.0323	0.0331
May	0.0329	0.0316	0.0322
June	0.0332	0.0314	0.0322
July	0.0326	0.0315	0.0319
August	0.0328	0.0310	0.0317
September	0.0315	0.0299	0.0308
October	0.0311	0.0303	0.0307
November	0.0320	0.0303	0.0314
December	0.0331	0.0310	0.0319