2024 ZAR to CNY Historical Review

YEARLY HIGH

0.4128 CNY

YEARLY LOW

0.3703 CNY

YEARLY AVERAGE

0.3918 CNY

2024 ZAR to CNY Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the ZAR to CNY exchange rate experienced significant fluctuation. The market reached its absolute peak on November 7, valuing the pair at 0.4128. Conversely, the yearly low was recorded on February 25, dropping to 0.3703.

This high-to-low spread represents a total annual volatility of 0.0425 CNY. From a start-to-finish perspective, comparing the January average rate of 0.3792 to the December average rate of 0.3993, the exchange rate registered a net change of 5.28% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.4128 was up 1.18% compared to the 2023 peak of 0.4080, 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 20,639 CNY

2023 Average 19,179 CNY

Yearly Trough Low 18,516 CNY

Transaction Impact: A difference of 2,123.11 CNY purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.4062

0.3736

JanuMarcMayJulySeptNove

ZAR to CNY 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 0.3836, compared to 0.4000 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0164 points.

H1 Avg (Jan–Jun) 0.3836

H2 Avg (Jul–Dec) 0.4000

Volatility Range Comparison

Volatility

The most volatile month in 2024 was June, with a trading range of 0.0295 CNY (High: 0.4047 / Low: 0.3752). On the other end, October was the most stable month, with a tight range of 0.0054 CNY (High: 0.4060 / Low: 0.4006).

June Spread (Volatile) ±0.0295

October Spread (Stable) ±0.0054

Growth Streaks & Declines

Trends

Between February and July, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 0.0029 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0029

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2024: 0.4013) against the same month in 2023 (average: 0.3888), the exchange rate shifted by +0.0125 (+3.22%).

2024 Avg (November) 0.4013

2023 Avg (November) 0.3888

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.3887	0.3731	0.3792
February	0.3822	0.3703	0.3763
March	0.3871	0.3747	0.3817
April	0.3919	0.3709	0.3828
May	0.3996	0.3781	0.3893
June	0.4047	0.3752	0.3922
July	0.4038	0.3908	0.3981
August	0.4030	0.3826	0.3957
September	0.4100	0.3965	0.4021
October	0.4060	0.4006	0.4035
November	0.4128	0.3943	0.4013
December	0.4102	0.3861	0.3993