YEARLY HIGH
1.7953 HNL
YEARLY LOW
1.4861 HNL
YEARLY AVERAGE
1.6324 HNL

2021 ZAR to HNL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the ZAR to HNL exchange rate experienced significant fluctuation. The market reached its absolute peak on June 6, valuing the pair at 1.7953. Conversely, the yearly low was recorded on November 27, dropping to 1.4861.

This high-to-low spread represents a total annual volatility of 0.3092 HNL. From a start-to-finish perspective, comparing the January average rate of 1.6041 to the December average rate of 1.5295, the exchange rate registered a net change of -4.65% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2021 high of 1.7953 was up 2.02% compared to the 2020 peak of 1.7597, 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 89,766 HNL
2020 Average 75,534 HNL
Yearly Trough Low 74,306 HNL
Transaction Impact: A difference of 15,460.27 HNL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

1.7481
1.5096
JanuMarcMayJulySeptNove

ZAR to HNL 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 1.6623, compared to 1.6026 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0598 points.

H1 Avg (Jan–Jun) 1.6623
H2 Avg (Jul–Dec) 1.6026

Volatility Range Comparison

Volatility

The most volatile month in 2021 was November, with a trading range of 0.1325 HNL (High: 1.6186 / Low: 1.4861). On the other end, April was the most stable month, with a tight range of 0.0584 HNL (High: 1.7027 / Low: 1.6443).

November Spread (Volatile) ±0.1325
April Spread (Stable) ±0.0584

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 June and July, when the average rate fell by 0.0821 points.

Longest Streak 3 Mo.
Sharpest MoM Drop -0.0821

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (June 2021: 1.7282) against the same month in 2020 (average: 1.4565), the exchange rate shifted by +0.2717 (+18.65%).

2021 Avg (June) 1.7282
2020 Avg (June) 1.4565

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 1.6534 1.5624 1.6041
February 1.6772 1.5932 1.6416
March 1.6546 1.5590 1.6158
April 1.7027 1.6443 1.6699
May 1.7514 1.6661 1.7143
June 1.7953 1.6659 1.7282
July 1.6919 1.5972 1.6461
August 1.6674 1.5483 1.6083
September 1.7092 1.5896 1.6537
October 1.6768 1.5859 1.6241
November 1.6186 1.4861 1.5538
December 1.5707 1.4957 1.5295