2018 ZAR to GMD Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2018.
2018 ZAR to GMD Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2018
During 2018, the ZAR to GMD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 26, valuing the pair at 4.1021. Conversely, the yearly low was recorded on September 5, dropping to 3.1160.
This high-to-low spread represents a total annual volatility of 0.9861 GMD. From a start-to-finish perspective, comparing the January average rate of 3.9391 to the December average rate of 3.4627, the exchange rate registered a net change of -12.09% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2018 high of 4.1021 was up 5.78% compared to the 2017 peak of 3.8778, 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 2018.
ZAR to GMD 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 3.8596, compared to 3.4452 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.4144 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2018 was September, with a trading range of 0.3744 GMD (High: 3.4904 / Low: 3.1160). On the other end, March was the most stable month, with a tight range of 0.1305 GMD (High: 4.0701 / Low: 3.9396).
Growth Streaks & Declines
TrendsBetween 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 May and June, when the average rate fell by 0.2121 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (January 2018: 3.9391) against the same month in 2017 (average: 3.2063), the exchange rate shifted by +0.7327 (+22.85%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 4.1021 | 3.8273 | 3.9391 |
| February | 4.0916 | 3.8835 | 4.0058 |
| March | 4.0701 | 3.9396 | 3.9947 |
| April | 4.0056 | 3.7879 | 3.9027 |
| May | 3.8528 | 3.6954 | 3.7638 |
| June | 3.7505 | 3.3999 | 3.5517 |
| July | 3.6636 | 3.4112 | 3.5642 |
| August | 3.6351 | 3.2683 | 3.4270 |
| September | 3.4904 | 3.1160 | 3.2970 |
| October | 3.4878 | 3.3362 | 3.4029 |
| November | 3.6215 | 3.4267 | 3.5176 |
| December | 3.6110 | 3.3701 | 3.4627 |