2023 ZAR to STD Historical Review

YEARLY HIGH

1363.0018 STD

YEARLY LOW

1141.8775 STD

YEARLY AVERAGE

1226.1303 STD

2023 ZAR to STD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the ZAR to STD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 12, valuing the pair at 1363.0018. Conversely, the yearly low was recorded on October 5, dropping to 1141.8775.

This high-to-low spread represents a total annual volatility of 221.1244 STD. From a start-to-finish perspective, comparing the January average rate of 1336.6449 to the December average rate of 1198.3734, the exchange rate registered a net change of -10.34% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 1363.0018 was down 9.35% compared to the 2022 peak of 1503.5514, 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 68,150,092 STD

2022 Average 67,891,237 STD

Yearly Trough Low 57,093,874 STD

Transaction Impact: A difference of 11,056,218.11 STD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

1353.2251

1154.2622

JanuMarcMayJulySeptNove

ZAR to STD 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 1255.1533, compared to 1197.1073 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 58.0460 points.

H1 Avg (Jan–Jun) 1255.1533

H2 Avg (Jul–Dec) 1197.1073

Volatility Range Comparison

Volatility

The most volatile month in 2023 was July, with a trading range of 106.2969 STD (High: 1300.1520 / Low: 1193.8551). On the other end, September was the most stable month, with a tight range of 29.0967 STD (High: 1188.6499 / Low: 1159.5532).

July Spread (Volatile) ±106.2969

September Spread (Stable) ±29.0967

Growth Streaks & Declines

Trends

Between May and July, 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 July and August, when the average rate fell by 63.4561 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -63.4561

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 1336.6449) against the same month in 2022 (average: 1364.6850), the exchange rate shifted by -28.0401 (-2.05%).

2023 Avg (January) 1336.6449

2022 Avg (January) 1364.6850

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1363.0018	1311.4146	1336.6449
February	1338.9803	1238.8654	1273.8501
March	1283.4400	1215.1069	1249.4029
April	1282.6895	1233.2016	1256.5808
May	1247.5807	1153.7174	1195.7222
June	1255.3478	1162.9822	1218.7187
July	1300.1520	1193.8551	1249.9214
August	1219.0235	1161.3738	1186.4653
September	1188.6499	1159.5532	1174.8480
October	1194.7179	1141.8775	1170.8424
November	1224.9579	1179.8636	1202.1933
December	1220.2152	1167.7113	1198.3734

2023 இந்திய ரூபாய் முதல் பவுண்ட் வரையிலான வரலாற்று ஆய்வு