2024 ZAR to ARS Historical Review

YEARLY HIGH

57.4422 ARS

YEARLY LOW

42.7662 ARS

YEARLY AVERAGE

50.0247 ARS

2024 ZAR to ARS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the ZAR to ARS exchange rate experienced significant fluctuation. The market reached its absolute peak on December 11, valuing the pair at 57.4422. Conversely, the yearly low was recorded on January 22, dropping to 42.7662.

This high-to-low spread represents a total annual volatility of 14.6760 ARS. From a start-to-finish perspective, comparing the January average rate of 43.6110 to the December average rate of 55.9212, the exchange rate registered a net change of 28.23% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 57.4422 was up 29.61% compared to the 2023 peak of 44.3187, 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 2,872,108 ARS

2023 Average 799,645 ARS

Yearly Trough Low 2,138,310 ARS

Transaction Impact: A difference of 733,798.04 ARS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

57.1522

42.3800

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 45.9556, compared to 54.0939 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 8.1383 points.

H1 Avg (Jan–Jun) 45.9556

H2 Avg (Jul–Dec) 54.0939

Volatility Range Comparison

Volatility

The most volatile month in 2024 was August, with a trading range of 3.6513 ARS (High: 53.6088 / Low: 49.9575). On the other end, October was the most stable month, with a tight range of 1.0474 ARS (High: 56.2563 / Low: 55.2089).

August Spread (Volatile) ±3.6513

October Spread (Stable) ±1.0474

Growth Streaks & Declines

Trends

Between January and October, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 9 straight months. Conversely, the sharpest month-over-month decline occurred between October and November, when the average rate fell by 0.0797 points.

Longest Streak 9 Mo.

Sharpest MoM Drop -0.0797

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2024: 55.9212) against the same month in 2023 (average: 34.1171), the exchange rate shifted by +21.8041 (+63.91%).

2024 Avg (December) 55.9212

2023 Avg (December) 34.1171

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	44.5868	42.7662	43.6110
February	44.4995	43.4222	43.8548
March	45.7638	44.1653	45.1076
April	47.0353	45.0953	45.9542
May	49.2326	46.9499	48.1012
June	50.5041	47.3725	49.1046
July	51.1632	49.1394	50.5809
August	53.6088	49.9575	52.0853
September	56.4652	53.0872	54.5959
October	56.2563	55.2089	55.7300
November	57.4272	54.5593	55.6503
December	57.4422	54.2874	55.9212