2023 TWD to ZAR Historical Review

YEARLY HIGH

0.6439 ZAR

YEARLY LOW

0.5500 ZAR

YEARLY AVERAGE

0.5925 ZAR

2023 TWD to ZAR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the TWD to ZAR exchange rate experienced significant fluctuation. The market reached its absolute peak on May 30, valuing the pair at 0.6439. Conversely, the yearly low was recorded on January 4, dropping to 0.5500.

This high-to-low spread represents a total annual volatility of 0.0939 ZAR. From a start-to-finish perspective, comparing the January average rate of 0.5619 to the December average rate of 0.5958, the exchange rate registered a net change of 6.03% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.6439 was up 10.53% compared to the 2022 peak of 0.5826, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 3,220 ZAR

2022 Average 2,747 ZAR

Yearly Trough Low 2,750 ZAR

Transaction Impact: A difference of 469.74 ZAR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.6281

0.5559

JanuMarcMayJulySeptNove

TWD 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 0.5961, compared to 0.5889 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0072 points.

H1 Avg (Jan–Jun) 0.5961

H2 Avg (Jul–Dec) 0.5889

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.0512 ZAR (High: 0.6414 / Low: 0.5901). On the other end, September was the most stable month, with a tight range of 0.0182 ZAR (High: 0.6015 / Low: 0.5833).

June Spread (Volatile) ±0.0512

September Spread (Stable) ±0.0182

Growth Streaks & Declines

Trends

Between 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 0.0240 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0240

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2023: 0.6221) against the same month in 2022 (average: 0.5377), the exchange rate shifted by +0.0844 (+15.70%).

2023 Avg (May) 0.6221

2022 Avg (May) 0.5377

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.5792	0.5500	0.5619
February	0.6015	0.5736	0.5920
March	0.6132	0.5826	0.5980
April	0.6061	0.5826	0.5944
May	0.6439	0.5970	0.6221
June	0.6414	0.5901	0.6081
July	0.6112	0.5621	0.5841
August	0.6010	0.5784	0.5903
September	0.6015	0.5833	0.5923
October	0.6057	0.5753	0.5896
November	0.6008	0.5673	0.5813
December	0.6058	0.5848	0.5958