YEARLY HIGH
8.7026 NPR
YEARLY LOW
7.3165 NPR
YEARLY AVERAGE
8.0018 NPR

2021 ZAR to NPR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the ZAR to NPR exchange rate experienced significant fluctuation. The market reached its absolute peak on June 6, valuing the pair at 8.7026. Conversely, the yearly low was recorded on November 27, dropping to 7.3165.

This high-to-low spread represents a total annual volatility of 1.3861 NPR. From a start-to-finish perspective, comparing the January average rate of 7.7395 to the December average rate of 7.5910, the exchange rate registered a net change of -1.92% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2021 high of 8.7026 was up 6.20% compared to the 2020 peak of 8.1946, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 50,000 ZAR based on timing:

Yearly Peak High 435,128 NPR
2020 Average 361,554 NPR
Yearly Trough Low 365,825 NPR
Transaction Impact: A difference of 69,303.34 NPR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

8.5420
7.5045
JanuMarcMayJulySeptNove

ZAR to NPR 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 8.0685, compared to 7.9352 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.1333 points.

H1 Avg (Jan–Jun) 8.0685
H2 Avg (Jul–Dec) 7.9352

Volatility Range Comparison

Volatility

The most volatile month in 2021 was November, with a trading range of 0.6214 NPR (High: 7.9379 / Low: 7.3165). On the other end, December was the most stable month, with a tight range of 0.2815 NPR (High: 7.7228 / Low: 7.4412).

November Spread (Volatile) ±0.6214
December Spread (Stable) ±0.2815

Growth Streaks & Declines

Trends

Between March and June, 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 October and November, when the average rate fell by 0.3930 points.

Longest Streak 3 Mo.
Sharpest MoM Drop -0.3930

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (June 2021: 8.4556) against the same month in 2020 (average: 7.0784), the exchange rate shifted by +1.3772 (+19.46%).

2021 Avg (June) 8.4556
2020 Avg (June) 7.0784

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 8.0171 7.5664 7.7395
February 8.0380 7.6550 7.8745
March 7.9161 7.5223 7.7621
April 8.4622 7.9923 8.2445
May 8.4567 8.1646 8.3348
June 8.7026 8.2395 8.4556
July 8.3990 8.0169 8.2140
August 8.2937 7.7542 8.0200
September 8.3275 7.8220 8.0729
October 8.3109 7.8609 8.0531
November 7.9379 7.3165 7.6601
December 7.7228 7.4412 7.5910