2023 ZAR to GTQ Historical Review

YEARLY HIGH

0.4684 GTQ

YEARLY LOW

0.3944 GTQ

YEARLY AVERAGE

0.4249 GTQ

2023 ZAR to GTQ Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the ZAR to GTQ exchange rate experienced significant fluctuation. The market reached its absolute peak on January 12, valuing the pair at 0.4684. Conversely, the yearly low was recorded on May 25, dropping to 0.3944.

This high-to-low spread represents a total annual volatility of 0.0740 GTQ. From a start-to-finish perspective, comparing the January average rate of 0.4596 to the December average rate of 0.4212, the exchange rate registered a net change of -8.35% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.4684 was down 11.65% compared to the 2022 peak of 0.5301, 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 23,418 GTQ

2022 Average 23,758 GTQ

Yearly Trough Low 19,720 GTQ

Transaction Impact: A difference of 3,697.52 GTQ purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.4647

0.4037

JanuMarcMayJulySeptNove

ZAR to GTQ 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 0.4299, compared to 0.4198 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0100 points.

H1 Avg (Jan–Jun) 0.4299

H2 Avg (Jul–Dec) 0.4198

Volatility Range Comparison

Volatility

The most volatile month in 2023 was July, with a trading range of 0.0370 GTQ (High: 0.4473 / Low: 0.4103). On the other end, September was the most stable month, with a tight range of 0.0103 GTQ (High: 0.4196 / Low: 0.4092).

July Spread (Volatile) ±0.0370

September Spread (Stable) ±0.0103

Growth Streaks & Declines

Trends

Between May and July, 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 January and February, when the average rate fell by 0.0225 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0225

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.4596) against the same month in 2022 (average: 0.4972), the exchange rate shifted by -0.0375 (-7.55%).

2023 Avg (January) 0.4596

2022 Avg (January) 0.4972

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.4684	0.4510	0.4596
February	0.4605	0.4237	0.4372
March	0.4384	0.4094	0.4265
April	0.4383	0.4210	0.4289
May	0.4265	0.3944	0.4088
June	0.4309	0.3988	0.4183
July	0.4473	0.4103	0.4306
August	0.4303	0.4095	0.4184
September	0.4196	0.4092	0.4148
October	0.4203	0.4012	0.4119
November	0.4307	0.4143	0.4220
December	0.4288	0.4106	0.4212