2023 ZAR to CRC Historical Review

YEARLY HIGH

35.0162 CRC

YEARLY LOW

27.1309 CRC

YEARLY AVERAGE

29.4116 CRC

2023 ZAR to CRC Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the ZAR to CRC exchange rate experienced significant fluctuation. The market reached its absolute peak on January 4, valuing the pair at 35.0162. Conversely, the yearly low was recorded on May 25, dropping to 27.1309.

This high-to-low spread represents a total annual volatility of 7.8853 CRC. From a start-to-finish perspective, comparing the January average rate of 33.6637 to the December average rate of 28.2439, the exchange rate registered a net change of -16.10% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 35.0162 was down 23.01% compared to the 2022 peak of 45.4786, 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 1,750,808 CRC

2022 Average 1,981,031 CRC

Yearly Trough Low 1,356,545 CRC

Transaction Impact: A difference of 394,262.65 CRC purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

34.2352

27.3775

JanuMarcMayJulySeptNove

ZAR to CRC 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 30.2591, compared to 28.5640 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 1.6951 points.

H1 Avg (Jan–Jun) 30.2591

H2 Avg (Jul–Dec) 28.5640

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 3.2814 CRC (High: 35.0162 / Low: 31.7348). On the other end, September was the most stable month, with a tight range of 0.7575 CRC (High: 28.6237 / Low: 27.8662).

January Spread (Volatile) ±3.2814

September Spread (Stable) ±0.7575

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 January and February, when the average rate fell by 2.1209 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -2.1209

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 33.6637) against the same month in 2022 (average: 41.2200), the exchange rate shifted by -7.5563 (-18.33%).

2023 Avg (January) 33.6637

2022 Avg (January) 41.2200

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	35.0162	31.7348	33.6637
February	32.7604	30.2773	31.5428
March	30.8233	28.5043	29.8676
April	30.3350	28.9534	29.4879
May	29.6634	27.1309	28.1600
June	29.7242	27.4768	28.8327
July	30.6585	28.4006	29.6720
August	29.8170	27.9274	28.6601
September	28.6237	27.8662	28.2383
October	28.4646	27.2261	27.9490
November	29.1800	28.0879	28.6208
December	28.8156	27.6387	28.2439