2023 TTD to ZAR Historical Review

YEARLY HIGH

2.9099 ZAR

YEARLY LOW

2.4662 ZAR

YEARLY AVERAGE

2.7194 ZAR

2023 TTD to ZAR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the TTD to ZAR exchange rate experienced significant fluctuation. The market reached its absolute peak on May 25, valuing the pair at 2.9099. Conversely, the yearly low was recorded on January 12, dropping to 2.4662.

This high-to-low spread represents a total annual volatility of 0.4438 ZAR. From a start-to-finish perspective, comparing the January average rate of 2.5150 to the December average rate of 2.7355, the exchange rate registered a net change of 8.77% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 2.9099 was up 6.69% compared to the 2022 peak of 2.7274, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 TTD based on timing:

Yearly Peak High 14,550 ZAR

2022 Average 12,061 ZAR

Yearly Trough Low 12,331 ZAR

Transaction Impact: A difference of 2,218.83 ZAR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

2.8452

2.4850

JanuMarcMayJulySeptNove

TTD 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 2.6843, compared to 2.7545 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0701 points.

H1 Avg (Jan–Jun) 2.6843

H2 Avg (Jul–Dec) 2.7545

Volatility Range Comparison

Volatility

The most volatile month in 2023 was July, with a trading range of 0.2346 ZAR (High: 2.8172 / Low: 2.5826). On the other end, September was the most stable month, with a tight range of 0.0745 ZAR (High: 2.8394 / Low: 2.7649).

July Spread (Volatile) ±0.2346

September Spread (Stable) ±0.0745

Growth Streaks & Declines

Trends

Between July and October, 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 0.0752 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0752

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2023: 2.8152) against the same month in 2022 (average: 2.3419), the exchange rate shifted by +0.4733 (+20.21%).

2023 Avg (May) 2.8152

2022 Avg (May) 2.3419

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.5621	2.4662	2.5150
February	2.7158	2.5119	2.6397
March	2.8070	2.6196	2.6952
April	2.7284	2.6222	2.6788
May	2.9099	2.6957	2.8152
June	2.8932	2.6822	2.7622
July	2.8172	2.5826	2.6869
August	2.8306	2.6902	2.7681
September	2.8394	2.7649	2.7966
October	2.8864	2.7497	2.8060
November	2.7815	2.6804	2.7336
December	2.8057	2.6861	2.7355