2024 SYP to ZAR Historical Review

YEARLY HIGH

0.0077 ZAR

YEARLY LOW

0.0014 ZAR

YEARLY AVERAGE

0.0071 ZAR

2024 SYP to ZAR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the SYP to ZAR exchange rate experienced significant fluctuation. The market reached its absolute peak on February 25, valuing the pair at 0.0077. Conversely, the yearly low was recorded on December 22, dropping to 0.0014.

This high-to-low spread represents a total annual volatility of 0.0063 ZAR. From a start-to-finish perspective, comparing the January average rate of 0.0075 to the December average rate of 0.0051, the exchange rate registered a net change of -31.19% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.0077 was down 2.39% compared to the 2023 peak of 0.0079, 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 38 ZAR

2023 Average 37 ZAR

Yearly Trough Low 7 ZAR

Transaction Impact: A difference of 31.39 ZAR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.0078

0.0049

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 0.0075, compared to 0.0068 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0007 points.

H1 Avg (Jan–Jun) 0.0075

H2 Avg (Jul–Dec) 0.0068

Volatility Range Comparison

Volatility

The most volatile month in 2024 was December, with a trading range of 0.0059 ZAR (High: 0.0073 / Low: 0.0014). On the other end, October was the most stable month, with a tight range of 0.0002 ZAR (High: 0.0071 / Low: 0.0069).

December Spread (Volatile) ±0.0059

October Spread (Stable) ±0.0002

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2024. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 0.0020 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0020

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2024: 0.0076) against the same month in 2023 (average: 0.0071), the exchange rate shifted by +0.0004 (+6.11%).

2024 Avg (February) 0.0076

2023 Avg (February) 0.0071

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0076	0.0073	0.0075
February	0.0077	0.0074	0.0076
March	0.0076	0.0074	0.0075
April	0.0077	0.0073	0.0075
May	0.0075	0.0072	0.0073
June	0.0075	0.0071	0.0073
July	0.0074	0.0071	0.0073
August	0.0075	0.0070	0.0072
September	0.0071	0.0068	0.0070
October	0.0071	0.0069	0.0070
November	0.0073	0.0069	0.0071
December	0.0073	0.0014	0.0051