2024 ZAR to AMD Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 ZAR to AMD Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the ZAR to AMD exchange rate experienced significant fluctuation. The market reached its absolute peak on September 29, valuing the pair at 22.6346. Conversely, the yearly low was recorded on April 24, dropping to 20.2828.
This high-to-low spread represents a total annual volatility of 2.3518 AMD. From a start-to-finish perspective, comparing the January average rate of 21.5857 to the December average rate of 21.7528, the exchange rate registered a net change of 0.77% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2024 high of 22.6346 was down 4.31% compared to the 2023 peak of 23.6553, indicating shifts in long-term support levels.
Comparing the value generated converting 50,000 ZAR based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
ZAR to AMD 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 21.1729, compared to 21.7017 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.5289 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was December, with a trading range of 1.5681 AMD (High: 22.5502 / Low: 20.9820). On the other end, October was the most stable month, with a tight range of 0.5793 AMD (High: 22.3446 / Low: 21.7653).
Growth Streaks & Declines
TrendsBetween April and October, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 6 straight months. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 0.5232 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (September 2024: 22.0165) against the same month in 2023 (average: 20.3724), the exchange rate shifted by +1.6440 (+8.07%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 22.1322 | 21.0518 | 21.5857 |
| February | 21.7832 | 21.0086 | 21.3431 |
| March | 21.7023 | 20.8012 | 21.2421 |
| April | 21.0861 | 20.2828 | 20.7189 |
| May | 21.4834 | 20.6509 | 21.0594 |
| June | 21.6831 | 20.4366 | 21.0883 |
| July | 21.6318 | 20.8561 | 21.2857 |
| August | 21.9160 | 20.7270 | 21.4554 |
| September | 22.6346 | 21.5523 | 22.0165 |
| October | 22.3446 | 21.7653 | 22.0381 |
| November | 22.3663 | 21.1655 | 21.6620 |
| December | 22.5502 | 20.9820 | 21.7528 |