2019 ZAR to GNF Historical Review

YEARLY HIGH

691.2588 GNF

YEARLY LOW

588.1623 GNF

YEARLY AVERAGE

639.5235 GNF

2019 ZAR to GNF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2019

During 2019, the ZAR to GNF exchange rate experienced significant fluctuation. The market reached its absolute peak on February 1, valuing the pair at 691.2588. Conversely, the yearly low was recorded on August 25, dropping to 588.1623.

This high-to-low spread represents a total annual volatility of 103.0964 GNF. From a start-to-finish perspective, comparing the January average rate of 662.4299 to the December average rate of 658.8354, the exchange rate registered a net change of -0.54% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2019 high of 691.2588 was down 11.67% compared to the 2018 peak of 782.5856, 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 34,562,938 GNF

2018 Average 34,374,931 GNF

Yearly Trough Low 29,408,116 GNF

Transaction Impact: A difference of 5,154,822.15 GNF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2019.

670.5295

600.1747

JanuMarcMayJulySeptNove

ZAR to GNF 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 647.0322, compared to 632.0149 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 15.0173 points.

H1 Avg (Jan–Jun) 647.0322

H2 Avg (Jul–Dec) 632.0149

Volatility Range Comparison

Volatility

The most volatile month in 2019 was January, with a trading range of 62.3328 GNF (High: 689.7824 / Low: 627.4496). On the other end, March was the most stable month, with a tight range of 21.4878 GNF (High: 648.7119 / Low: 627.2241).

January Spread (Volatile) ±62.3328

March Spread (Stable) ±21.4878

Growth Streaks & Declines

Trends

Between 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 July and August, when the average rate fell by 48.5682 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -48.5682

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2019: 664.6666) against the same month in 2018 (average: 762.2137), the exchange rate shifted by -97.5472 (-12.80%).

2019 Avg (February) 664.6666

2018 Avg (February) 762.2137

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	689.7824	627.4496	662.4299
February	691.2588	645.3781	664.6666
March	648.7119	627.2241	638.0438
April	661.0413	633.6308	648.8196
May	651.2807	617.5479	637.5228
June	654.9007	611.0176	630.7104
July	663.7104	641.5718	654.6058
August	629.4780	588.1623	606.0376
September	633.1544	601.8829	619.9743
October	636.5833	600.7550	620.7845
November	649.3368	604.4705	631.8517
December	682.4863	642.1708	658.8354