2023 SRD to ZAR Historical Review

YEARLY HIGH

0.5543 ZAR

YEARLY LOW

0.4573 ZAR

YEARLY AVERAGE

0.5054 ZAR

2023 SRD to ZAR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the SRD to ZAR exchange rate experienced significant fluctuation. The market reached its absolute peak on February 15, valuing the pair at 0.5543. Conversely, the yearly low was recorded on July 25, dropping to 0.4573.

This high-to-low spread represents a total annual volatility of 0.0970 ZAR. From a start-to-finish perspective, comparing the January average rate of 0.5368 to the December average rate of 0.4977, the exchange rate registered a net change of -7.27% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.5543 was down 28.70% compared to the 2022 peak of 0.7774, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 2,772 ZAR

2022 Average 3,432 ZAR

Yearly Trough Low 2,287 ZAR

Transaction Impact: A difference of 485.04 ZAR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.5530

0.4729

JanuMarcMayJulySeptNove

SRD 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 0.5190, compared to 0.4917 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0273 points.

H1 Avg (Jan–Jun) 0.5190

H2 Avg (Jul–Dec) 0.4917

Volatility Range Comparison

Volatility

The most volatile month in 2023 was March, with a trading range of 0.0596 ZAR (High: 0.5526 / Low: 0.4929). On the other end, September was the most stable month, with a tight range of 0.0141 ZAR (High: 0.5025 / Low: 0.4883).

March Spread (Volatile) ±0.0596

September Spread (Stable) ±0.0141

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 March and April, when the average rate fell by 0.0345 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0345

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2023: 0.5464) against the same month in 2022 (average: 0.7392), the exchange rate shifted by -0.1928 (-26.09%).

2023 Avg (February) 0.5464

2022 Avg (February) 0.7392

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.5452	0.5282	0.5368
February	0.5543	0.5251	0.5464
March	0.5526	0.4929	0.5285
April	0.5078	0.4820	0.4940
May	0.5304	0.4879	0.5115
June	0.5234	0.4830	0.4970
July	0.5085	0.4573	0.4796
August	0.5022	0.4740	0.4908
September	0.5025	0.4883	0.4952
October	0.5113	0.4862	0.4989
November	0.4994	0.4774	0.4880
December	0.5091	0.4864	0.4977