2017 TOP to ZAR Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2017.
2017 TOP to ZAR Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2017
During 2017, the TOP to ZAR exchange rate experienced significant fluctuation. The market reached its absolute peak on November 12, valuing the pair at 6.3861. Conversely, the yearly low was recorded on March 26, dropping to 5.3803.
This high-to-low spread represents a total annual volatility of 1.0058 ZAR. From a start-to-finish perspective, comparing the January average rate of 5.9012 to the December average rate of 5.7199, the exchange rate registered a net change of -3.07% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2017 high of 6.3861 was down 15.07% compared to the 2016 peak of 7.5197, 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 2017.
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 5.7711, compared to 5.9791 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.2080 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2017 was December, with a trading range of 0.6246 ZAR (High: 6.0059 / Low: 5.3813). On the other end, January was the most stable month, with a tight range of 0.1951 ZAR (High: 5.9744 / Low: 5.7793).
Growth Streaks & Declines
TrendsBetween June and August, 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 November and December, when the average rate fell by 0.4878 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (November 2017: 6.2077) against the same month in 2016 (average: 6.2447), the exchange rate shifted by -0.0370 (-0.59%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 5.9744 | 5.7793 | 5.9012 |
| February | 5.9803 | 5.6975 | 5.8317 |
| March | 5.8687 | 5.3803 | 5.6532 |
| April | 6.0701 | 5.6437 | 5.8491 |
| May | 5.8834 | 5.5764 | 5.7230 |
| June | 5.8343 | 5.5291 | 5.6681 |
| July | 6.0204 | 5.7314 | 5.8689 |
| August | 6.1597 | 5.8169 | 6.0092 |
| September | 6.0995 | 5.7906 | 5.9475 |
| October | 6.3338 | 5.9113 | 6.1212 |
| November | 6.3861 | 5.9478 | 6.2077 |
| December | 6.0059 | 5.3813 | 5.7199 |