2023 ZAR to BOB Historical Review

YEARLY HIGH

0.4126 BOB

YEARLY LOW

0.3492 BOB

YEARLY AVERAGE

0.3748 BOB

2023 ZAR to BOB Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the ZAR to BOB exchange rate experienced significant fluctuation. The market reached its absolute peak on January 12, valuing the pair at 0.4126. Conversely, the yearly low was recorded on May 25, dropping to 0.3492.

This high-to-low spread represents a total annual volatility of 0.0634 BOB. From a start-to-finish perspective, comparing the January average rate of 0.4047 to the December average rate of 0.3721, the exchange rate registered a net change of -8.06% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.4126 was down 12.99% compared to the 2022 peak of 0.4743, 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 20,632 BOB

2022 Average 21,136 BOB

Yearly Trough Low 17,461 BOB

Transaction Impact: A difference of 3,171.42 BOB purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.4090

0.3576

JanuMarcMayJulySeptNove

ZAR to BOB 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 0.3799, compared to 0.3698 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0101 points.

H1 Avg (Jan–Jun) 0.3799

H2 Avg (Jul–Dec) 0.3698

Volatility Range Comparison

Volatility

The most volatile month in 2023 was July, with a trading range of 0.0322 BOB (High: 0.3937 / Low: 0.3615). On the other end, September was the most stable month, with a tight range of 0.0091 BOB (High: 0.3684 / Low: 0.3593).

July Spread (Volatile) ±0.0322

September Spread (Stable) ±0.0091

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 0.0190 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0190

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.4047) against the same month in 2022 (average: 0.4445), the exchange rate shifted by -0.0399 (-8.97%).

2023 Avg (January) 0.4047

2022 Avg (January) 0.4445

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.4126	0.3970	0.4047
February	0.4053	0.3749	0.3857
March	0.3886	0.3627	0.3777
April	0.3883	0.3738	0.3804
May	0.3776	0.3492	0.3619
June	0.3800	0.3520	0.3689
July	0.3937	0.3615	0.3793
August	0.3782	0.3603	0.3679
September	0.3684	0.3593	0.3643
October	0.3704	0.3532	0.3628
November	0.3802	0.3657	0.3724
December	0.3796	0.3625	0.3721