YEARLY HIGH
0.2902 PEN
YEARLY LOW
0.2327 PEN
YEARLY AVERAGE
0.2627 PEN

2021 ZAR to PEN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the ZAR to PEN exchange rate experienced significant fluctuation. The market reached its absolute peak on September 13, valuing the pair at 0.2902. Conversely, the yearly low was recorded on January 11, dropping to 0.2327.

This high-to-low spread represents a total annual volatility of 0.0575 PEN. From a start-to-finish perspective, comparing the January average rate of 0.2400 to the December average rate of 0.2547, the exchange rate registered a net change of 6.12% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2021 high of 0.2902 was up 17.18% compared to the 2020 peak of 0.2477, 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 14,511 PEN
2020 Average 10,676 PEN
Yearly Trough Low 11,634 PEN
Transaction Impact: A difference of 2,877.11 PEN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

0.2861
0.2358
JanuMarcMayJulySeptNove

ZAR to PEN 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 0.2566, compared to 0.2687 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0121 points.

H1 Avg (Jan–Jun) 0.2566
H2 Avg (Jul–Dec) 0.2687

Volatility Range Comparison

Volatility

The most volatile month in 2021 was April, with a trading range of 0.0225 PEN (High: 0.2684 / Low: 0.2459). On the other end, December was the most stable month, with a tight range of 0.0110 PEN (High: 0.2597 / Low: 0.2487).

April Spread (Volatile) ±0.0225
December Spread (Stable) ±0.0110

Growth Streaks & Declines

Trends

Between January and June, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between September and October, when the average rate fell by 0.0118 points.

Longest Streak 5 Mo.
Sharpest MoM Drop -0.0118

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2021: 0.2819) against the same month in 2020 (average: 0.2127), the exchange rate shifted by +0.0693 (+32.57%).

2021 Avg (September) 0.2819
2020 Avg (September) 0.2127

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 0.2482 0.2327 0.2400
February 0.2524 0.2413 0.2469
March 0.2543 0.2384 0.2474
April 0.2684 0.2459 0.2559
May 0.2799 0.2586 0.2683
June 0.2890 0.2731 0.2811
July 0.2789 0.2644 0.2715
August 0.2822 0.2679 0.2757
September 0.2902 0.2721 0.2819
October 0.2784 0.2609 0.2701
November 0.2691 0.2476 0.2585
December 0.2597 0.2487 0.2547