2023 ZAR to EUR Historical Review

YEARLY HIGH

0.0558 EUR

YEARLY LOW

0.0471 EUR

YEARLY AVERAGE

0.0501 EUR

2023 ZAR to EUR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the ZAR to EUR exchange rate experienced significant fluctuation. The market reached its absolute peak on January 4, valuing the pair at 0.0558. Conversely, the yearly low was recorded on May 25, dropping to 0.0471.

This high-to-low spread represents a total annual volatility of 0.0087 EUR. From a start-to-finish perspective, comparing the January average rate of 0.0543 to the December average rate of 0.0492, the exchange rate registered a net change of -9.31% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0558 was down 12.17% compared to the 2022 peak of 0.0636, 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 2,792 EUR

2022 Average 2,909 EUR

Yearly Trough Low 2,356 EUR

Transaction Impact: A difference of 435.40 EUR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0549

0.0475

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 0.0508, compared to 0.0494 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0014 points.

H1 Avg (Jan–Jun) 0.0508

H2 Avg (Jul–Dec) 0.0494

Volatility Range Comparison

Volatility

The most volatile month in 2023 was July, with a trading range of 0.0039 EUR (High: 0.0516 / Low: 0.0477). On the other end, December was the most stable month, with a tight range of 0.0018 EUR (High: 0.0501 / Low: 0.0483).

July Spread (Volatile) ±0.0039

December Spread (Stable) ±0.0018

Growth Streaks & Declines

Trends

Between August and November, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 0.0021 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0021

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.0543) against the same month in 2022 (average: 0.0570), the exchange rate shifted by -0.0027 (-4.74%).

2023 Avg (January) 0.0543

2022 Avg (January) 0.0570

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0558	0.0529	0.0543
February	0.0537	0.0512	0.0521
March	0.0519	0.0494	0.0511
April	0.0519	0.0490	0.0501
May	0.0496	0.0471	0.0481
June	0.0504	0.0474	0.0492
July	0.0516	0.0477	0.0497
August	0.0498	0.0479	0.0488
September	0.0503	0.0484	0.0494
October	0.0507	0.0486	0.0497
November	0.0511	0.0486	0.0499
December	0.0501	0.0483	0.0492