2023 ZAR to BTN Historical Review

YEARLY HIGH

4.9042 BTN

YEARLY LOW

4.1802 BTN

YEARLY AVERAGE

4.4787 BTN

2023 ZAR to BTN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the ZAR to BTN exchange rate experienced significant fluctuation. The market reached its absolute peak on January 4, valuing the pair at 4.9042. Conversely, the yearly low was recorded on May 25, dropping to 4.1802.

This high-to-low spread represents a total annual volatility of 0.7240 BTN. From a start-to-finish perspective, comparing the January average rate of 4.7919 to the December average rate of 4.4812, the exchange rate registered a net change of -6.48% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 4.9042 was down 6.57% compared to the 2022 peak of 5.2491, 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 245,208 BTN

2022 Average 240,502 BTN

Yearly Trough Low 209,009 BTN

Transaction Impact: A difference of 36,198.63 BTN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

4.8400

4.2623

JanuMarcMayJulySeptNove

ZAR to BTN 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 4.5182, compared to 4.4392 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0790 points.

H1 Avg (Jan–Jun) 4.5182

H2 Avg (Jul–Dec) 4.4392

Volatility Range Comparison

Volatility

The most volatile month in 2023 was July, with a trading range of 0.3550 BTN (High: 4.6609 / Low: 4.3060). On the other end, September was the most stable month, with a tight range of 0.1010 BTN (High: 4.4243 / Low: 4.3233).

July Spread (Volatile) ±0.3550

September Spread (Stable) ±0.1010

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 April and May, when the average rate fell by 0.1983 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.1983

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 4.7919) against the same month in 2022 (average: 4.8017), the exchange rate shifted by -0.0099 (-0.21%).

2023 Avg (January) 4.7919

2022 Avg (January) 4.8017

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	4.9042	4.6820	4.7919
February	4.8090	4.4892	4.6095
March	4.6202	4.3352	4.5003
April	4.6243	4.4121	4.5088
May	4.4699	4.1802	4.3104
June	4.5079	4.2110	4.3883
July	4.6609	4.3060	4.5102
August	4.5026	4.3378	4.4093
September	4.4243	4.3233	4.3767
October	4.4625	4.2538	4.3693
November	4.5760	4.4075	4.4887
December	4.5581	4.3732	4.4812