2023 SYP to ZAR Historical Review

YEARLY HIGH

0.0079 ZAR

YEARLY LOW

0.0067 ZAR

YEARLY AVERAGE

0.0073 ZAR

2023 SYP to ZAR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the SYP to ZAR exchange rate experienced significant fluctuation. The market reached its absolute peak on May 25, valuing the pair at 0.0079. Conversely, the yearly low was recorded on January 12, dropping to 0.0067.

This high-to-low spread represents a total annual volatility of 0.0012 ZAR. From a start-to-finish perspective, comparing the January average rate of 0.0068 to the December average rate of 0.0074, the exchange rate registered a net change of 8.90% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0079 was up 7.46% compared to the 2022 peak of 0.0073, 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 39 ZAR

2022 Average 33 ZAR

Yearly Trough Low 33 ZAR

Transaction Impact: A difference of 6.04 ZAR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0077

0.0067

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 0.0072, compared to 0.0074 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0002 points.

H1 Avg (Jan–Jun) 0.0072

H2 Avg (Jul–Dec) 0.0074

Volatility Range Comparison

Volatility

The most volatile month in 2023 was July, with a trading range of 0.0006 ZAR (High: 0.0076 / Low: 0.0070). On the other end, September was the most stable month, with a tight range of 0.0002 ZAR (High: 0.0076 / Low: 0.0075).

July Spread (Volatile) ±0.0006

September Spread (Stable) ±0.0002

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 0.0002 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0002

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2023: 0.0076) against the same month in 2022 (average: 0.0063), the exchange rate shifted by +0.0013 (+20.17%).

2023 Avg (May) 0.0076

2022 Avg (May) 0.0063

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0069	0.0067	0.0068
February	0.0073	0.0068	0.0071
March	0.0075	0.0071	0.0073
April	0.0074	0.0071	0.0072
May	0.0079	0.0073	0.0076
June	0.0078	0.0072	0.0075
July	0.0076	0.0070	0.0073
August	0.0076	0.0073	0.0075
September	0.0076	0.0075	0.0075
October	0.0078	0.0074	0.0076
November	0.0075	0.0072	0.0074
December	0.0076	0.0073	0.0074