2020 ZAR to GNF Historical Review

YEARLY HIGH

685.9343 GNF

YEARLY LOW

492.6539 GNF

YEARLY AVERAGE

588.0548 GNF

2020 ZAR to GNF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2020

During 2020, the ZAR to GNF exchange rate experienced significant fluctuation. The market reached its absolute peak on December 25, valuing the pair at 685.9343. Conversely, the yearly low was recorded on April 5, dropping to 492.6539.

This high-to-low spread represents a total annual volatility of 193.2805 GNF. From a start-to-finish perspective, comparing the January average rate of 658.4832 to the December average rate of 668.9479, the exchange rate registered a net change of 1.59% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2020 high of 685.9343 was down 0.77% compared to the 2019 peak of 691.2588, 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 34,296,717 GNF

2019 Average 31,969,507 GNF

Yearly Trough Low 24,632,693 GNF

Transaction Impact: A difference of 9,664,023.45 GNF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2020.

684.8478

494.0489

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 574.4676, compared to 601.6420 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 27.1744 points.

H1 Avg (Jan–Jun) 574.4676

H2 Avg (Jul–Dec) 601.6420

Volatility Range Comparison

Volatility

The most volatile month in 2020 was March, with a trading range of 98.0854 GNF (High: 624.7403 / Low: 526.6549). On the other end, October was the most stable month, with a tight range of 18.5326 GNF (High: 604.0325 / Low: 585.4999).

March Spread (Volatile) ±98.0854

October Spread (Stable) ±18.5326

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 February and March, when the average rate fell by 60.0803 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -60.0803

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2020: 668.9479) against the same month in 2019 (average: 658.8354), the exchange rate shifted by +10.1125 (+1.53%).

2020 Avg (December) 668.9479

2019 Avg (December) 658.8354

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	685.1787	627.2127	658.4832
February	641.8146	602.1251	629.2048
March	624.7403	526.6549	569.1246
April	528.4343	492.6539	509.9488
May	548.2263	500.3026	521.9841
June	577.6200	547.8415	558.0601
July	587.3114	560.8804	574.2567
August	582.8593	544.5388	560.2151
September	600.2810	569.0308	580.2439
October	604.0325	585.4999	595.1037
November	648.9251	601.9967	631.0847
December	685.9343	642.2200	668.9479