2024 ZAR to EUR Historical Review

YEARLY HIGH

0.0538 EUR

YEARLY LOW

0.0478 EUR

YEARLY AVERAGE

0.0505 EUR

2024 ZAR to EUR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the ZAR to EUR exchange rate experienced significant fluctuation. The market reached its absolute peak on December 11, valuing the pair at 0.0538. Conversely, the yearly low was recorded on February 26, dropping to 0.0478.

This high-to-low spread represents a total annual volatility of 0.0059 EUR. From a start-to-finish perspective, comparing the January average rate of 0.0489 to the December average rate of 0.0524, the exchange rate registered a net change of 7.11% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.0538 was down 3.70% compared to the 2023 peak of 0.0558, 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 2,688 EUR

2023 Average 2,507 EUR

Yearly Trough Low 2,392 EUR

Transaction Impact: A difference of 296.53 EUR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.0528

0.0483

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 0.0494, compared to 0.0515 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0021 points.

H1 Avg (Jan–Jun) 0.0494

H2 Avg (Jul–Dec) 0.0515

Volatility Range Comparison

Volatility

The most volatile month in 2024 was June, with a trading range of 0.0037 EUR (High: 0.0521 / Low: 0.0484). On the other end, October was the most stable month, with a tight range of 0.0010 EUR (High: 0.0528 / Low: 0.0518).

June Spread (Volatile) ±0.0037

October Spread (Stable) ±0.0010

Growth Streaks & Declines

Trends

Between February and July, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between July and August, when the average rate fell by 0.0003 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0003

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2024: 0.0524) against the same month in 2023 (average: 0.0492), the exchange rate shifted by +0.0031 (+6.35%).

2024 Avg (December) 0.0524

2023 Avg (December) 0.0492

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0498	0.0479	0.0489
February	0.0495	0.0478	0.0487
March	0.0494	0.0483	0.0488
April	0.0501	0.0486	0.0494
May	0.0510	0.0490	0.0502
June	0.0521	0.0484	0.0505
July	0.0511	0.0500	0.0505
August	0.0509	0.0489	0.0502
September	0.0524	0.0504	0.0512
October	0.0528	0.0518	0.0522
November	0.0535	0.0512	0.0524
December	0.0538	0.0509	0.0524