2020 ZAR to BIF Historical Review

YEARLY HIGH

134.3115 BIF

YEARLY LOW

98.2804 BIF

YEARLY AVERAGE

116.9751 BIF

2020 ZAR to BIF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2020

During 2020, the ZAR to BIF exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 134.3115. Conversely, the yearly low was recorded on April 5, dropping to 98.2804.

This high-to-low spread represents a total annual volatility of 36.0311 BIF. From a start-to-finish perspective, comparing the January average rate of 130.8453 to the December average rate of 130.6621, the exchange rate registered a net change of -0.14% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2020 high of 134.3115 was down 1.86% compared to the 2019 peak of 136.8632, 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 6,715,574 BIF

2019 Average 6,378,323 BIF

Yearly Trough Low 4,914,021 BIF

Transaction Impact: A difference of 1,801,553.16 BIF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2020.

133.7452

98.9456

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 114.6685, compared to 119.2816 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 4.6131 points.

H1 Avg (Jan–Jun) 114.6685

H2 Avg (Jul–Dec) 119.2816

Volatility Range Comparison

Volatility

The most volatile month in 2020 was March, with a trading range of 19.0854 BIF (High: 123.7163 / Low: 104.6309). On the other end, October was the most stable month, with a tight range of 3.8325 BIF (High: 119.4873 / Low: 115.6548).

March Spread (Volatile) ±19.0854

October Spread (Stable) ±3.8325

Growth Streaks & Declines

Trends

Between August and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 11.8504 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -11.8504

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2020: 130.8453) against the same month in 2019 (average: 130.5189), the exchange rate shifted by +0.3264 (+0.25%).

2020 Avg (January) 130.8453

2019 Avg (January) 130.5189

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	134.3115	126.0090	130.8453
February	127.7921	120.6165	125.4387
March	123.7163	104.6309	113.5883
April	105.2147	98.2804	101.8456
May	109.4409	99.8814	104.8767
June	115.1426	109.1962	111.4165
July	117.4673	112.0080	114.7767
August	116.4530	109.0028	112.0281
September	119.4832	112.5807	115.5293
October	119.4873	115.6548	117.7279
November	128.0906	118.8590	124.9655
December	133.8333	127.2014	130.6621