2023 ZAR to BRL Historical Review

YEARLY HIGH

0.3217 BRL

YEARLY LOW

0.2538 BRL

YEARLY AVERAGE

0.2711 BRL

2023 ZAR to BRL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the ZAR to BRL exchange rate experienced significant fluctuation. The market reached its absolute peak on January 4, valuing the pair at 0.3217. Conversely, the yearly low was recorded on June 4, dropping to 0.2538.

This high-to-low spread represents a total annual volatility of 0.0679 BRL. From a start-to-finish perspective, comparing the January average rate of 0.3038 to the December average rate of 0.2634, the exchange rate registered a net change of -13.32% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.3217 was down 11.06% compared to the 2022 peak of 0.3617, 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 16,084 BRL

2022 Average 15,814 BRL

Yearly Trough Low 12,689 BRL

Transaction Impact: A difference of 3,394.77 BRL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.3083

0.2546

JanuMarcMayJulySeptNove

ZAR to BRL 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 0.2790, compared to 0.2632 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0158 points.

H1 Avg (Jan–Jun) 0.2790

H2 Avg (Jul–Dec) 0.2632

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 0.0302 BRL (High: 0.3217 / Low: 0.2915). On the other end, August was the most stable month, with a tight range of 0.0066 BRL (High: 0.2648 / Low: 0.2582).

January Spread (Volatile) ±0.0302

August Spread (Stable) ±0.0066

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2023. Conversely, the sharpest month-over-month decline occurred between April and May, when the average rate fell by 0.0154 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0154

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.3038) against the same month in 2022 (average: 0.3563), the exchange rate shifted by -0.0525 (-14.73%).

2023 Avg (January) 0.3038

2022 Avg (January) 0.3563

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.3217	0.2915	0.3038
February	0.2980	0.2818	0.2890
March	0.2925	0.2771	0.2852
April	0.2846	0.2669	0.2761
May	0.2735	0.2540	0.2607
June	0.2651	0.2538	0.2590
July	0.2706	0.2541	0.2636
August	0.2648	0.2582	0.2613
September	0.2660	0.2553	0.2608
October	0.2700	0.2611	0.2660
November	0.2699	0.2598	0.2644
December	0.2694	0.2568	0.2634