YEARLY HIGH
0.0303 ZAR
YEARLY LOW
0.0062 ZAR
YEARLY AVERAGE
0.0149 ZAR

2021 SYP to ZAR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the SYP to ZAR exchange rate experienced significant fluctuation. The market reached its absolute peak on March 8, valuing the pair at 0.0303. Conversely, the yearly low was recorded on December 27, dropping to 0.0062.

This high-to-low spread represents a total annual volatility of 0.0241 ZAR. From a start-to-finish perspective, comparing the January average rate of 0.0295 to the December average rate of 0.0063, the exchange rate registered a net change of -78.56% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2021 high of 0.0303 was down 19.10% compared to the 2020 peak of 0.0375, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 151 ZAR
2020 Average 160 ZAR
Yearly Trough Low 31 ZAR
Transaction Impact: A difference of 120.57 ZAR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

0.0318
0.0040
JanuMarcMayJulySeptNove

SYP 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 0.0193, compared to 0.0105 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0089 points.

H1 Avg (Jan–Jun) 0.0193
H2 Avg (Jul–Dec) 0.0105

Volatility Range Comparison

Volatility

The most volatile month in 2021 was March, with a trading range of 0.0185 ZAR (High: 0.0303 / Low: 0.0118). On the other end, December was the most stable month, with a tight range of 0.0002 ZAR (High: 0.0064 / Low: 0.0062).

March Spread (Volatile) ±0.0185
December Spread (Stable) ±0.0002

Growth Streaks & Declines

Trends

Between June and August, 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 March and April, when the average rate fell by 0.0125 points.

Longest Streak 2 Mo.
Sharpest MoM Drop -0.0125

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2021: 0.0240) against the same month in 2020 (average: 0.0324), the exchange rate shifted by -0.0084 (-26.00%).

2021 Avg (March) 0.0240
2020 Avg (March) 0.0324

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 0.0303 0.0286 0.0295
February 0.0295 0.0282 0.0288
March 0.0303 0.0118 0.0240
April 0.0117 0.0113 0.0115
May 0.0115 0.0109 0.0112
June 0.0114 0.0107 0.0111
July 0.0118 0.0113 0.0115
August 0.0122 0.0114 0.0118
September 0.0121 0.0112 0.0116
October 0.0121 0.0115 0.0118
November 0.0124 0.0063 0.0098
December 0.0064 0.0062 0.0063