2023 THB to ZAR Historical Review

YEARLY HIGH

0.5728 ZAR

YEARLY LOW

0.4910 ZAR

YEARLY AVERAGE

0.5307 ZAR

2023 THB to ZAR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the THB to ZAR exchange rate experienced significant fluctuation. The market reached its absolute peak on May 12, valuing the pair at 0.5728. Conversely, the yearly low was recorded on January 1, dropping to 0.4910.

This high-to-low spread represents a total annual volatility of 0.0818 ZAR. From a start-to-finish perspective, comparing the January average rate of 0.5144 to the December average rate of 0.5328, the exchange rate registered a net change of 3.57% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.5728 was up 12.92% compared to the 2022 peak of 0.5073, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 250,000 THB based on timing:

Yearly Peak High 143,204 ZAR

2022 Average 116,787 ZAR

Yearly Trough Low 122,754 ZAR

Transaction Impact: A difference of 20,449.61 ZAR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.5633

0.5100

JanuMarcMayJulySeptNove

THB 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 0.5332, compared to 0.5282 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0050 points.

H1 Avg (Jan–Jun) 0.5332

H2 Avg (Jul–Dec) 0.5282

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.0444 ZAR (High: 0.5674 / Low: 0.5230). On the other end, October was the most stable month, with a tight range of 0.0132 ZAR (High: 0.5282 / Low: 0.5150).

June Spread (Volatile) ±0.0444

October Spread (Stable) ±0.0132

Growth Streaks & Declines

Trends

Between January and May, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between May and June, when the average rate fell by 0.0214 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0214

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2023: 0.5588) against the same month in 2022 (average: 0.4623), the exchange rate shifted by +0.0965 (+20.89%).

2023 Avg (May) 0.5588

2022 Avg (May) 0.4623

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.5306	0.4910	0.5144
February	0.5331	0.5170	0.5261
March	0.5570	0.5211	0.5309
April	0.5403	0.5199	0.5315
May	0.5728	0.5378	0.5588
June	0.5674	0.5230	0.5375
July	0.5452	0.5098	0.5260
August	0.5414	0.5276	0.5360
September	0.5424	0.5179	0.5297
October	0.5282	0.5150	0.5216
November	0.5385	0.5117	0.5233
December	0.5423	0.5237	0.5328