2018 ZAR to CVE Historical Review

YEARLY HIGH

7.7989 CVE

YEARLY LOW

6.1701 CVE

YEARLY AVERAGE

7.1082 CVE

2018 ZAR to CVE Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2018

During 2018, the ZAR to CVE exchange rate experienced significant fluctuation. The market reached its absolute peak on February 26, valuing the pair at 7.7989. Conversely, the yearly low was recorded on September 5, dropping to 6.1701.

This high-to-low spread represents a total annual volatility of 1.6288 CVE. From a start-to-finish perspective, comparing the January average rate of 7.4491 to the December average rate of 6.8018, the exchange rate registered a net change of -8.69% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2018 high of 7.7989 was down 5.66% compared to the 2017 peak of 8.2671, 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 389,947 CVE

2017 Average 368,935 CVE

Yearly Trough Low 308,507 CVE

Transaction Impact: A difference of 81,439.25 CVE purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2018.

7.7001

6.3237

JanuMarcMayJulySeptNove

ZAR to CVE 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 7.4414, compared to 6.7750 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.6664 points.

H1 Avg (Jan–Jun) 7.4414

H2 Avg (Jul–Dec) 6.7750

Volatility Range Comparison

Volatility

The most volatile month in 2018 was August, with a trading range of 0.7644 CVE (High: 7.2016 / Low: 6.4372). On the other end, January was the most stable month, with a tight range of 0.1760 CVE (High: 7.5205 / Low: 7.3444).

August Spread (Volatile) ±0.7644

January Spread (Stable) ±0.1760

Growth Streaks & Declines

Trends

Between September and November, 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 August and September, when the average rate fell by 0.3843 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.3843

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2018: 7.5854) against the same month in 2017 (average: 7.8906), the exchange rate shifted by -0.3052 (-3.87%).

2018 Avg (February) 7.5854

2017 Avg (February) 7.8906

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	7.5205	7.3444	7.4491
February	7.7989	7.3518	7.5854
March	7.6561	7.4753	7.5766
April	7.6240	7.2993	7.4539
May	7.5997	7.2518	7.4531
June	7.5268	6.8713	7.1301
July	7.1959	6.8741	7.0663
August	7.2016	6.4372	6.8227
September	6.7491	6.1701	6.4384
October	6.7793	6.4646	6.6225
November	7.1123	6.7295	6.8984
December	7.1147	6.6163	6.8018