2023 ZAR to CHF Historical Review

YEARLY HIGH

0.0554 CHF

YEARLY LOW

0.0454 CHF

YEARLY AVERAGE

0.0488 CHF

2023 ZAR to CHF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the ZAR to CHF exchange rate experienced significant fluctuation. The market reached its absolute peak on January 12, valuing the pair at 0.0554. Conversely, the yearly low was recorded on December 28, dropping to 0.0454.

This high-to-low spread represents a total annual volatility of 0.0100 CHF. From a start-to-finish perspective, comparing the January average rate of 0.0541 to the December average rate of 0.0465, the exchange rate registered a net change of -14.16% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0554 was down 14.00% compared to the 2022 peak of 0.0644, 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 2,769 CHF

2022 Average 2,925 CHF

Yearly Trough Low 2,269 CHF

Transaction Impact: A difference of 499.89 CHF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0549

0.0457

JanuMarcMayJulySeptNove

ZAR to CHF 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 0.0502, compared to 0.0474 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0028 points.

H1 Avg (Jan–Jun) 0.0502

H2 Avg (Jul–Dec) 0.0474

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.0031 CHF (High: 0.0493 / Low: 0.0461). On the other end, August was the most stable month, with a tight range of 0.0019 CHF (High: 0.0477 / Low: 0.0459).

June Spread (Volatile) ±0.0031

August Spread (Stable) ±0.0019

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 April and May, when the average rate fell by 0.0024 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0024

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.0541) against the same month in 2022 (average: 0.0593), the exchange rate shifted by -0.0052 (-8.71%).

2023 Avg (January) 0.0541

2022 Avg (January) 0.0593

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0554	0.0527	0.0541
February	0.0535	0.0508	0.0517
March	0.0518	0.0491	0.0506
April	0.0515	0.0485	0.0495
May	0.0487	0.0458	0.0470
June	0.0493	0.0461	0.0481
July	0.0494	0.0465	0.0480
August	0.0477	0.0459	0.0468
September	0.0486	0.0462	0.0474
October	0.0488	0.0468	0.0475
November	0.0494	0.0464	0.0481
December	0.0475	0.0454	0.0465