2023 SVC to ZAR Historical Review

YEARLY HIGH

2.2618 ZAR

YEARLY LOW

1.9139 ZAR

YEARLY AVERAGE

2.1096 ZAR

2023 SVC to ZAR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the SVC to ZAR exchange rate experienced significant fluctuation. The market reached its absolute peak on May 25, valuing the pair at 2.2618. Conversely, the yearly low was recorded on January 12, dropping to 1.9139.

This high-to-low spread represents a total annual volatility of 0.3478 ZAR. From a start-to-finish perspective, comparing the January average rate of 1.9516 to the December average rate of 2.1231, the exchange rate registered a net change of 8.79% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 2.2618 was up 6.99% compared to the 2022 peak of 2.1140, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 11,309 ZAR

2022 Average 9,357 ZAR

Yearly Trough Low 9,570 ZAR

Transaction Impact: A difference of 1,739.20 ZAR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

2.2072

1.9284

JanuMarcMayJulySeptNove

SVC 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 2.0825, compared to 2.1367 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0542 points.

H1 Avg (Jan–Jun) 2.0825

H2 Avg (Jul–Dec) 2.1367

Volatility Range Comparison

Volatility

The most volatile month in 2023 was July, with a trading range of 0.1789 ZAR (High: 2.1846 / Low: 2.0058). On the other end, September was the most stable month, with a tight range of 0.0541 ZAR (High: 2.1977 / Low: 2.1437).

July Spread (Volatile) ±0.1789

September Spread (Stable) ±0.0541

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 0.0574 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0574

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2023: 2.1840) against the same month in 2022 (average: 1.8169), the exchange rate shifted by +0.3671 (+20.20%).

2023 Avg (May) 2.1840

2022 Avg (May) 1.8169

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.9890	1.9139	1.9516
February	2.1067	1.9482	2.0484
March	2.1771	2.0321	2.0913
April	2.1189	2.0337	2.0783
May	2.2618	2.0914	2.1840
June	2.2438	2.0781	2.1418
July	2.1846	2.0058	2.0844
August	2.1924	2.0882	2.1467
September	2.1977	2.1437	2.1681
October	2.2363	2.1319	2.1768
November	2.1595	2.0774	2.1211
December	2.1789	2.0843	2.1231