2023 ZAR to AED Historical Review

YEARLY HIGH

0.2193 AED

YEARLY LOW

0.1856 AED

YEARLY AVERAGE

0.1993 AED

2023 ZAR to AED Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the ZAR to AED exchange rate experienced significant fluctuation. The market reached its absolute peak on January 12, valuing the pair at 0.2193. Conversely, the yearly low was recorded on May 25, dropping to 0.1856.

This high-to-low spread represents a total annual volatility of 0.0337 AED. From a start-to-finish perspective, comparing the January average rate of 0.2151 to the December average rate of 0.1975, the exchange rate registered a net change of -8.17% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.2193 was down 13.43% compared to the 2022 peak of 0.2534, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 50,000 ZAR based on timing:

Yearly Peak High 10,967 AED

2022 Average 11,264 AED

Yearly Trough Low 9,281 AED

Transaction Impact: A difference of 1,686.00 AED purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.2174

0.1901

JanuMarcMayJulySeptNove

ZAR to AED 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 0.2020, compared to 0.1966 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0054 points.

H1 Avg (Jan–Jun) 0.2020

H2 Avg (Jul–Dec) 0.1966

Volatility Range Comparison

Volatility

The most volatile month in 2023 was July, with a trading range of 0.0171 AED (High: 0.2092 / Low: 0.1921). On the other end, September was the most stable month, with a tight range of 0.0048 AED (High: 0.1959 / Low: 0.1911).

July Spread (Volatile) ±0.0171

September Spread (Stable) ±0.0048

Growth Streaks & Declines

Trends

Between May and July, 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 January and February, when the average rate fell by 0.0101 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0101

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.2151) against the same month in 2022 (average: 0.2370), the exchange rate shifted by -0.0219 (-9.24%).

2023 Avg (January) 0.2151

2022 Avg (January) 0.2370

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.2193	0.2110	0.2151
February	0.2155	0.1994	0.2050
March	0.2065	0.1955	0.2010
April	0.2064	0.1984	0.2022
May	0.2007	0.1856	0.1924
June	0.2020	0.1872	0.1961
July	0.2092	0.1921	0.2018
August	0.2010	0.1914	0.1956
September	0.1959	0.1911	0.1937
October	0.1969	0.1882	0.1930
November	0.2019	0.1945	0.1982
December	0.2011	0.1925	0.1975