2023 ZAR to BWP Historical Review

YEARLY HIGH

0.7578 BWP

YEARLY LOW

0.6894 BWP

YEARLY AVERAGE

0.7241 BWP

2023 ZAR to BWP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the ZAR to BWP exchange rate experienced significant fluctuation. The market reached its absolute peak on January 12, valuing the pair at 0.7578. Conversely, the yearly low was recorded on May 25, dropping to 0.6894.

This high-to-low spread represents a total annual volatility of 0.0684 BWP. From a start-to-finish perspective, comparing the January average rate of 0.7481 to the December average rate of 0.7263, the exchange rate registered a net change of -2.91% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.7578 was down 4.61% compared to the 2022 peak of 0.7945, 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 37,891 BWP

2022 Average 37,812 BWP

Yearly Trough Low 34,471 BWP

Transaction Impact: A difference of 3,419.87 BWP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.7523

0.7012

JanuMarcMayJulySeptNove

ZAR to BWP 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 0.7245, compared to 0.7237 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0008 points.

H1 Avg (Jan–Jun) 0.7245

H2 Avg (Jul–Dec) 0.7237

Volatility Range Comparison

Volatility

The most volatile month in 2023 was July, with a trading range of 0.0442 BWP (High: 0.7502 / Low: 0.7060). On the other end, September was the most stable month, with a tight range of 0.0161 BWP (High: 0.7264 / Low: 0.7102).

July Spread (Volatile) ±0.0442

September Spread (Stable) ±0.0161

Growth Streaks & Declines

Trends

Between August and November, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 0.0180 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0180

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.7481) against the same month in 2022 (average: 0.7490), the exchange rate shifted by -0.0009 (-0.12%).

2023 Avg (January) 0.7481

2022 Avg (January) 0.7490

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.7578	0.7360	0.7481
February	0.7521	0.7207	0.7301
March	0.7371	0.6967	0.7236
April	0.7336	0.7118	0.7225
May	0.7204	0.6894	0.7054
June	0.7336	0.7019	0.7176
July	0.7502	0.7060	0.7271
August	0.7309	0.7093	0.7185
September	0.7264	0.7102	0.7195
October	0.7308	0.7098	0.7217
November	0.7470	0.7161	0.7292
December	0.7394	0.7163	0.7263