2024 ZAR to AZN Historical Review

YEARLY HIGH

0.0994 AZN

YEARLY LOW

0.0880 AZN

YEARLY AVERAGE

0.0928 AZN

2024 ZAR to AZN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the ZAR to AZN exchange rate experienced significant fluctuation. The market reached its absolute peak on September 29, valuing the pair at 0.0994. Conversely, the yearly low was recorded on February 25, dropping to 0.0880.

This high-to-low spread represents a total annual volatility of 0.0114 AZN. From a start-to-finish perspective, comparing the January average rate of 0.0907 to the December average rate of 0.0932, the exchange rate registered a net change of 2.79% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.0994 was down 2.08% compared to the 2023 peak of 0.1015, 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 4,970 AZN

2023 Average 4,612 AZN

Yearly Trough Low 4,402 AZN

Transaction Impact: A difference of 568.35 AZN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.0975

0.0886

JanuMarcMayJulySeptNove

ZAR to AZN 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 0.0908, compared to 0.0948 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0039 points.

H1 Avg (Jan–Jun) 0.0908

H2 Avg (Jul–Dec) 0.0948

Volatility Range Comparison

Volatility

The most volatile month in 2024 was December, with a trading range of 0.0061 AZN (High: 0.0960 / Low: 0.0899). On the other end, October was the most stable month, with a tight range of 0.0024 AZN (High: 0.0980 / Low: 0.0956).

December Spread (Volatile) ±0.0061

October Spread (Stable) ±0.0024

Growth Streaks & Declines

Trends

Between 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 October and November, when the average rate fell by 0.0021 points.

Longest Streak 6 Mo.

Sharpest MoM Drop -0.0021

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2024: 0.0966) against the same month in 2023 (average: 0.0896), the exchange rate shifted by +0.0070 (+7.82%).

2024 Avg (September) 0.0966

2023 Avg (September) 0.0896

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0929	0.0885	0.0907
February	0.0915	0.0880	0.0894
March	0.0916	0.0891	0.0902
April	0.0921	0.0881	0.0900
May	0.0941	0.0904	0.0923
June	0.0948	0.0896	0.0924
July	0.0947	0.0914	0.0933
August	0.0960	0.0908	0.0941
September	0.0994	0.0946	0.0966
October	0.0980	0.0956	0.0967
November	0.0982	0.0930	0.0947
December	0.0960	0.0899	0.0932