2013 TOP to ZAR Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2013.
2013 TOP to ZAR Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2013
During 2013, the TOP to ZAR exchange rate experienced significant fluctuation. The market reached its absolute peak on June 1, valuing the pair at 5.7910. Conversely, the yearly low was recorded on January 2, dropping to 4.8738.
This high-to-low spread represents a total annual volatility of 0.9172 ZAR. From a start-to-finish perspective, comparing the January average rate of 5.0596 to the December average rate of 5.5787, the exchange rate registered a net change of 10.26% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2013 high of 5.7910 was up 10.81% compared to the 2012 peak of 5.2260, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 TOP based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2013.
TOP to ZAR Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 5.2689, compared to 5.4900 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.2211 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2013 was May, with a trading range of 0.6402 ZAR (High: 5.7592 / Low: 5.1190). On the other end, February was the most stable month, with a tight range of 0.0984 ZAR (High: 5.1932 / Low: 5.0948).
Growth Streaks & Declines
TrendsBetween January and March, 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 June and July, when the average rate fell by 0.2294 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (June 2013: 5.6075) against the same month in 2012 (average: 4.6926), the exchange rate shifted by +0.9149 (+19.50%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 5.2387 | 4.8738 | 5.0596 |
| February | 5.1932 | 5.0948 | 5.1341 |
| March | 5.3140 | 5.1774 | 5.2553 |
| April | 5.2969 | 5.1146 | 5.2262 |
| May | 5.7592 | 5.1190 | 5.3305 |
| June | 5.7910 | 5.3368 | 5.6075 |
| July | 5.4724 | 5.3110 | 5.3782 |
| August | 5.6059 | 5.3024 | 5.4364 |
| September | 5.5964 | 5.2466 | 5.4334 |
| October | 5.5987 | 5.4017 | 5.4905 |
| November | 5.7749 | 5.4778 | 5.6226 |
| December | 5.6956 | 5.4777 | 5.5787 |