2023 ZAR to BND Historical Review

YEARLY HIGH

0.0794 BND

YEARLY LOW

0.0682 BND

YEARLY AVERAGE

0.0728 BND

2023 ZAR to BND Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the ZAR to BND exchange rate experienced significant fluctuation. The market reached its absolute peak on January 12, valuing the pair at 0.0794. Conversely, the yearly low was recorded on May 25, dropping to 0.0682.

This high-to-low spread represents a total annual volatility of 0.0112 BND. From a start-to-finish perspective, comparing the January average rate of 0.0777 to the December average rate of 0.0717, the exchange rate registered a net change of -7.80% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0794 was down 15.40% compared to the 2022 peak of 0.0939, 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 3,970 BND

2022 Average 4,225 BND

Yearly Trough Low 3,409 BND

Transaction Impact: A difference of 561.21 BND purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0785

0.0694

JanuMarcMayJulySeptNove

ZAR to BND 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 0.0734, compared to 0.0722 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0012 points.

H1 Avg (Jan–Jun) 0.0734

H2 Avg (Jul–Dec) 0.0722

Volatility Range Comparison

Volatility

The most volatile month in 2023 was July, with a trading range of 0.0050 BND (High: 0.0757 / Low: 0.0707). On the other end, September was the most stable month, with a tight range of 0.0020 BND (High: 0.0728 / Low: 0.0708).

July Spread (Volatile) ±0.0050

September Spread (Stable) ±0.0020

Growth Streaks & Declines

Trends

Between May and July, 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 January and February, when the average rate fell by 0.0034 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0034

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.0777) against the same month in 2022 (average: 0.0871), the exchange rate shifted by -0.0094 (-10.81%).

2023 Avg (January) 0.0777

2022 Avg (January) 0.0871

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0794	0.0754	0.0777
February	0.0770	0.0730	0.0743
March	0.0747	0.0705	0.0733
April	0.0748	0.0719	0.0732
May	0.0727	0.0682	0.0701
June	0.0737	0.0688	0.0719
July	0.0757	0.0707	0.0733
August	0.0735	0.0708	0.0719
September	0.0728	0.0708	0.0718
October	0.0732	0.0700	0.0719
November	0.0747	0.0709	0.0728
December	0.0729	0.0704	0.0717