2024 ZAR to CAD Historical Review

YEARLY HIGH

0.0801 CAD

YEARLY LOW

0.0699 CAD

YEARLY AVERAGE

0.0748 CAD

2024 ZAR to CAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the ZAR to CAD exchange rate experienced significant fluctuation. The market reached its absolute peak on November 7, valuing the pair at 0.0801. Conversely, the yearly low was recorded on February 24, dropping to 0.0699.

This high-to-low spread represents a total annual volatility of 0.0102 CAD. From a start-to-finish perspective, comparing the January average rate of 0.0716 to the December average rate of 0.0782, the exchange rate registered a net change of 9.27% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.0801 was down 0.16% compared to the 2023 peak of 0.0803, 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 4,007 CAD

2023 Average 3,662 CAD

Yearly Trough Low 3,496 CAD

Transaction Impact: A difference of 511.46 CAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.0790

0.0702

JanuMarcMayJulySeptNove

ZAR to CAD 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 0.0726, compared to 0.0771 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0045 points.

H1 Avg (Jan–Jun) 0.0726

H2 Avg (Jul–Dec) 0.0771

Volatility Range Comparison

Volatility

The most volatile month in 2024 was June, with a trading range of 0.0044 CAD (High: 0.0764 / Low: 0.0721). On the other end, March was the most stable month, with a tight range of 0.0015 CAD (High: 0.0725 / Low: 0.0710).

June Spread (Volatile) ±0.0044

March Spread (Stable) ±0.0015

Growth Streaks & Declines

Trends

Between February and October, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 8 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 0.0006 points.

Longest Streak 8 Mo.

Sharpest MoM Drop -0.0006

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2024: 0.0779) against the same month in 2023 (average: 0.0740), the exchange rate shifted by +0.0039 (+5.29%).

2024 Avg (November) 0.0779

2023 Avg (November) 0.0740

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0733	0.0702	0.0716
February	0.0720	0.0699	0.0710
March	0.0725	0.0710	0.0718
April	0.0736	0.0712	0.0724
May	0.0755	0.0726	0.0742
June	0.0764	0.0721	0.0745
July	0.0760	0.0735	0.0752
August	0.0770	0.0734	0.0757
September	0.0790	0.0754	0.0770
October	0.0792	0.0775	0.0783
November	0.0801	0.0764	0.0779
December	0.0799	0.0762	0.0782