YEARLY HIGH
0.0744 EUR
YEARLY LOW
0.0589 EUR
YEARLY AVERAGE
0.0667 EUR

2017 ZAR to EUR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2017

During 2017, the ZAR to EUR exchange rate experienced significant fluctuation. The market reached its absolute peak on March 24, valuing the pair at 0.0744. Conversely, the yearly low was recorded on November 15, dropping to 0.0589.

This high-to-low spread represents a total annual volatility of 0.0155 EUR. From a start-to-finish perspective, comparing the January average rate of 0.0693 to the December average rate of 0.0646, the exchange rate registered a net change of -6.70% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2017 high of 0.0744 was up 6.92% compared to the 2016 peak of 0.0696, 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 3,722 EUR
2016 Average 3,085 EUR
Yearly Trough Low 2,945 EUR
Transaction Impact: A difference of 776.94 EUR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2017.

0.0736
0.0592
JanuMarcMayJulySeptNove

ZAR to EUR 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 0.0700, compared to 0.0635 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0065 points.

H1 Avg (Jan–Jun) 0.0700
H2 Avg (Jul–Dec) 0.0635

Volatility Range Comparison

Volatility

The most volatile month in 2017 was December, with a trading range of 0.0073 EUR (High: 0.0685 / Low: 0.0612). On the other end, January was the most stable month, with a tight range of 0.0017 EUR (High: 0.0702 / Low: 0.0686).

December Spread (Volatile) ±0.0073
January Spread (Stable) ±0.0017

Growth Streaks & Declines

Trends

Between January and March, 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 June and July, when the average rate fell by 0.0030 points.

Longest Streak 2 Mo.
Sharpest MoM Drop -0.0030

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2017: 0.0724) against the same month in 2016 (average: 0.0584), the exchange rate shifted by +0.0139 (+23.82%).

2017 Avg (March) 0.0724
2016 Avg (March) 0.0584

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 0.0702 0.0686 0.0693
February 0.0734 0.0690 0.0713
March 0.0744 0.0695 0.0724
April 0.0710 0.0677 0.0695
May 0.0697 0.0667 0.0682
June 0.0706 0.0668 0.0691
July 0.0673 0.0642 0.0661
August 0.0646 0.0627 0.0639
September 0.0655 0.0624 0.0638
October 0.0638 0.0600 0.0621
November 0.0617 0.0589 0.0604
December 0.0685 0.0612 0.0646