2023 ZAR to ARS Historical Review

YEARLY HIGH

44.3187 ARS

YEARLY LOW

10.4023 ARS

YEARLY AVERAGE

15.9466 ARS

2023 ZAR to ARS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the ZAR to ARS exchange rate experienced significant fluctuation. The market reached its absolute peak on December 31, valuing the pair at 44.3187. Conversely, the yearly low was recorded on January 1, dropping to 10.4023.

This high-to-low spread represents a total annual volatility of 33.9164 ARS. From a start-to-finish perspective, comparing the January average rate of 10.6598 to the December average rate of 34.1171, the exchange rate registered a net change of 220.05% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 44.3187 was up 324.40% compared to the 2022 peak of 10.4426, 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 2,215,934 ARS

2022 Average 397,071 ARS

Yearly Trough Low 520,114 ARS

Transaction Impact: A difference of 1,695,820.39 ARS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

36.4628

8.3141

JanuMarcMayJulySeptNove

ZAR to ARS 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 11.6054, compared to 20.2877 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 8.6823 points.

H1 Avg (Jan–Jun) 11.6054

H2 Avg (Jul–Dec) 20.2877

Volatility Range Comparison

Volatility

The most volatile month in 2023 was December, with a trading range of 25.1736 ARS (High: 44.3187 / Low: 19.1451). On the other end, January was the most stable month, with a tight range of 0.4049 ARS (High: 10.8072 / Low: 10.4023).

December Spread (Volatile) ±25.1736

January Spread (Stable) ±0.4049

Growth Streaks & Declines

Trends

Between January and September, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 8 straight months. Conversely, the sharpest month-over-month decline occurred between September and October, when the average rate fell by 0.0566 points.

Longest Streak 8 Mo.

Sharpest MoM Drop -0.0566

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 34.1171) against the same month in 2022 (average: 9.9676), the exchange rate shifted by +24.1494 (+242.28%).

2023 Avg (December) 34.1171

2022 Avg (December) 9.9676

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	10.8072	10.4023	10.6598
February	10.9864	10.5787	10.7003
March	11.7283	10.6531	11.0879
April	12.1304	11.4692	11.8471
May	12.4267	11.7785	12.0833
June	13.7680	12.2375	13.2541
July	15.4969	13.5370	14.6034
August	18.9348	14.9062	17.1079
September	18.6640	18.2123	18.4487
October	18.7648	17.9384	18.3921
November	19.3978	18.6422	19.0571
December	44.3187	19.1451	34.1171