YEARLY HIGH
2.4991 ZAR
YEARLY LOW
1.8089 ZAR
YEARLY AVERAGE
2.1327 ZAR

2020 GTQ to ZAR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2020

During 2020, the GTQ to ZAR exchange rate experienced significant fluctuation. The market reached its absolute peak on April 5, valuing the pair at 2.4991. Conversely, the yearly low was recorded on January 1, dropping to 1.8089.

This high-to-low spread represents a total annual volatility of 0.6902 ZAR. From a start-to-finish perspective, comparing the January average rate of 1.8715 to the December average rate of 1.9053, the exchange rate registered a net change of 1.81% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2020 high of 2.4991 was up 22.94% compared to the 2019 peak of 2.0329, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 12,495 ZAR
2019 Average 9,385 ZAR
Yearly Trough Low 9,045 ZAR
Transaction Impact: A difference of 3,450.80 ZAR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2020.

2.4705
1.8170
JanuMarcMayJulySeptNove

GTQ 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 2.1689, compared to 2.0966 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0723 points.

H1 Avg (Jan–Jun) 2.1689
H2 Avg (Jul–Dec) 2.0966

Volatility Range Comparison

Volatility

The most volatile month in 2020 was March, with a trading range of 0.3472 ZAR (High: 2.3340 / Low: 1.9867). On the other end, October was the most stable month, with a tight range of 0.0673 ZAR (High: 2.1494 / Low: 2.0821).

March Spread (Volatile) ±0.3472
October Spread (Stable) ±0.0673

Growth Streaks & Declines

Trends

Between January and April, 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 May and June, when the average rate fell by 0.1342 points.

Longest Streak 3 Mo.
Sharpest MoM Drop -0.1342

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2020: 2.4161) against the same month in 2019 (average: 1.8490), the exchange rate shifted by +0.5670 (+30.67%).

2020 Avg (April) 2.4161
2019 Avg (April) 1.8490

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 1.9580 1.8089 1.8715
February 2.0549 1.9294 1.9697
March 2.3340 1.9867 2.1713
April 2.4991 2.3381 2.4161
May 2.4675 2.2613 2.3594
June 2.2653 2.1495 2.2252
July 2.2305 2.1314 2.1782
August 2.2978 2.1494 2.2355
September 2.2104 2.0808 2.1560
October 2.1494 2.0821 2.1121
November 2.0878 1.9427 1.9924
December 1.9557 1.8637 1.9053