2020 ZAR to CVE Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2020.
2020 ZAR to CVE Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2020
During 2020, the ZAR to CVE exchange rate experienced significant fluctuation. The market reached its absolute peak on March 18, valuing the pair at 15.0611. Conversely, the yearly low was recorded on April 5, dropping to 5.3171.
This high-to-low spread represents a total annual volatility of 9.7440 CVE. From a start-to-finish perspective, comparing the January average rate of 6.9186 to the December average rate of 6.1152, the exchange rate registered a net change of -11.61% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2020 high of 15.0611 was up 106.61% compared to the 2019 peak of 7.2898, indicating shifts in long-term support levels.
Comparing the value generated converting 50,000 ZAR based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2020.
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)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 6.1291, compared to 5.7801 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.3490 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2020 was March, with a trading range of 9.4598 CVE (High: 15.0611 / Low: 5.6013). On the other end, October was the most stable month, with a tight range of 0.2033 CVE (High: 5.8250 / Low: 5.6217).
Growth Streaks & Declines
TrendsBetween August and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 0.8435 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (March 2020: 6.3139) against the same month in 2019 (average: 6.7970), the exchange rate shifted by -0.4831 (-7.11%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 7.0417 | 6.6753 | 6.9186 |
| February | 6.8565 | 6.4393 | 6.7395 |
| March | 15.0611 | 5.6013 | 6.3139 |
| April | 5.6185 | 5.3171 | 5.4704 |
| May | 5.7951 | 5.3254 | 5.5848 |
| June | 5.9050 | 5.6457 | 5.7475 |
| July | 6.1172 | 5.4983 | 5.7770 |
| August | 5.5905 | 5.3296 | 5.4229 |
| September | 5.7908 | 5.4977 | 5.6133 |
| October | 5.8250 | 5.6217 | 5.7250 |
| November | 6.1553 | 5.8149 | 6.0273 |
| December | 6.2223 | 5.9759 | 6.1152 |