2023 YER to ZAR Historical Review

YEARLY HIGH

0.0790 ZAR

YEARLY LOW

0.0669 ZAR

YEARLY AVERAGE

0.0737 ZAR

2023 YER to ZAR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the YER to ZAR exchange rate experienced significant fluctuation. The market reached its absolute peak on May 25, valuing the pair at 0.0790. Conversely, the yearly low was recorded on January 12, dropping to 0.0669.

This high-to-low spread represents a total annual volatility of 0.0121 ZAR. From a start-to-finish perspective, comparing the January average rate of 0.0682 to the December average rate of 0.0743, the exchange rate registered a net change of 8.94% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0790 was up 7.42% compared to the 2022 peak of 0.0736, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 395 ZAR

2022 Average 327 ZAR

Yearly Trough Low 335 ZAR

Transaction Impact: A difference of 60.60 ZAR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0771

0.0674

JanuMarcMayJulySeptNove

YER 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 0.0728, compared to 0.0747 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0019 points.

H1 Avg (Jan–Jun) 0.0728

H2 Avg (Jul–Dec) 0.0747

Volatility Range Comparison

Volatility

The most volatile month in 2023 was July, with a trading range of 0.0062 ZAR (High: 0.0764 / Low: 0.0701). On the other end, September was the most stable month, with a tight range of 0.0019 ZAR (High: 0.0768 / Low: 0.0749).

July Spread (Volatile) ±0.0062

September Spread (Stable) ±0.0019

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 0.0021 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0021

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2023: 0.0763) against the same month in 2022 (average: 0.0635), the exchange rate shifted by +0.0128 (+20.13%).

2023 Avg (May) 0.0763

2022 Avg (May) 0.0635

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0695	0.0669	0.0682
February	0.0736	0.0681	0.0716
March	0.0750	0.0710	0.0730
April	0.0739	0.0711	0.0726
May	0.0790	0.0731	0.0763
June	0.0784	0.0726	0.0748
July	0.0764	0.0701	0.0728
August	0.0767	0.0730	0.0750
September	0.0768	0.0749	0.0758
October	0.0779	0.0745	0.0760
November	0.0754	0.0727	0.0741
December	0.0762	0.0731	0.0743