2024 SVC to ZAR Historical Review

YEARLY HIGH

2.2100 ZAR

YEARLY LOW

1.9548 ZAR

YEARLY AVERAGE

2.0956 ZAR

2024 SVC to ZAR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the SVC to ZAR exchange rate experienced significant fluctuation. The market reached its absolute peak on April 20, valuing the pair at 2.2100. Conversely, the yearly low was recorded on September 29, dropping to 1.9548.

This high-to-low spread represents a total annual volatility of 0.2552 ZAR. From a start-to-finish perspective, comparing the January average rate of 2.1434 to the December average rate of 2.0855, the exchange rate registered a net change of -2.70% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 2.2100 was down 2.29% compared to the 2023 peak of 2.2618, 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 11,050 ZAR

2023 Average 10,550 ZAR

Yearly Trough Low 9,774 ZAR

Transaction Impact: A difference of 1,276.00 ZAR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

2.1901

1.9903

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 2.1402, compared to 2.0509 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0893 points.

H1 Avg (Jan–Jun) 2.1402

H2 Avg (Jul–Dec) 2.0509

Volatility Range Comparison

Volatility

The most volatile month in 2024 was December, with a trading range of 0.1345 ZAR (High: 2.1598 / Low: 2.0254). On the other end, October was the most stable month, with a tight range of 0.0542 ZAR (High: 2.0338 / Low: 1.9796).

December Spread (Volatile) ±0.1345

October Spread (Stable) ±0.0542

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 0.0560 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0560

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2024: 2.1597) against the same month in 2023 (average: 2.0783), the exchange rate shifted by +0.0815 (+3.92%).

2024 Avg (April) 2.1597

2023 Avg (April) 2.0783

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.1958	2.0885	2.1434
February	2.2086	2.1274	2.1735
March	2.1887	2.1225	2.1564
April	2.2100	2.1090	2.1597
May	2.1488	2.0639	2.1048
June	2.1708	2.0490	2.1037
July	2.1263	2.0518	2.0837
August	2.1402	2.0226	2.0665
September	2.0532	1.9548	2.0105
October	2.0338	1.9796	2.0069
November	2.0897	1.9782	2.0522
December	2.1598	2.0254	2.0855