2018 ZAR to BIF Historical Review

YEARLY HIGH

153.6750 BIF

YEARLY LOW

114.8604 BIF

YEARLY AVERAGE

135.1115 BIF

2018 ZAR to BIF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2018

During 2018, the ZAR to BIF exchange rate experienced significant fluctuation. The market reached its absolute peak on February 23, valuing the pair at 153.6750. Conversely, the yearly low was recorded on September 5, dropping to 114.8604.

This high-to-low spread represents a total annual volatility of 38.8146 BIF. From a start-to-finish perspective, comparing the January average rate of 144.6707 to the December average rate of 126.5242, the exchange rate registered a net change of -12.54% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2018 high of 153.6750 was up 7.38% compared to the 2017 peak of 143.1182, 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 7,683,751 BIF

2017 Average 6,479,195 BIF

Yearly Trough Low 5,743,022 BIF

Transaction Impact: A difference of 1,940,729.82 BIF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2018.

152.2262

117.7160

JanuMarcMayJulySeptNove

ZAR to BIF 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 144.0712, compared to 126.1518 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 17.9193 points.

H1 Avg (Jan–Jun) 144.0712

H2 Avg (Jul–Dec) 126.1518

Volatility Range Comparison

Volatility

The most volatile month in 2018 was August, with a trading range of 13.8369 BIF (High: 134.2474 / Low: 120.4105). On the other end, March was the most stable month, with a tight range of 5.7511 BIF (High: 151.7184 / Low: 145.9674).

August Spread (Volatile) ±13.8369

March Spread (Stable) ±5.7511

Growth Streaks & Declines

Trends

Between September and November, 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 May and June, when the average rate fell by 7.9149 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -7.9149

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2018: 149.3503) against the same month in 2017 (average: 128.5236), the exchange rate shifted by +20.8267 (+16.20%).

2018 Avg (February) 149.3503

2017 Avg (February) 128.5236

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	149.2655	141.1094	144.6707
February	153.6750	144.9299	149.3503
March	151.7184	145.9674	149.1434
April	150.3223	142.3126	146.4245
May	145.3879	137.6411	141.3764
June	141.1433	127.5287	133.4615
July	134.8301	127.7979	132.3366
August	134.2474	120.4105	126.4913
September	126.1946	114.8604	120.5918
October	126.2182	119.4508	123.1990
November	131.3915	123.1448	127.7680
December	131.2163	122.4377	126.5242