2024 ZAR to HKD Historical Review

YEARLY HIGH

0.4546 HKD

YEARLY LOW

0.4052 HKD

YEARLY AVERAGE

0.4259 HKD

2024 ZAR to HKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the ZAR to HKD exchange rate experienced significant fluctuation. The market reached its absolute peak on September 29, valuing the pair at 0.4546. Conversely, the yearly low was recorded on February 25, dropping to 0.4052.

This high-to-low spread represents a total annual volatility of 0.0493 HKD. From a start-to-finish perspective, comparing the January average rate of 0.4169 to the December average rate of 0.4263, the exchange rate registered a net change of 2.25% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.4546 was down 2.52% compared to the 2023 peak of 0.4663, 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 22,728 HKD

2023 Average 21,238 HKD

Yearly Trough Low 20,260 HKD

Transaction Impact: A difference of 2,467.23 HKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.4461

0.4081

JanuMarcMayJulySeptNove

ZAR to HKD 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 0.4178, compared to 0.4341 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0164 points.

H1 Avg (Jan–Jun) 0.4178

H2 Avg (Jul–Dec) 0.4341

Volatility Range Comparison

Volatility

The most volatile month in 2024 was December, with a trading range of 0.0282 HKD (High: 0.4392 / Low: 0.4110). On the other end, October was the most stable month, with a tight range of 0.0106 HKD (High: 0.4473 / Low: 0.4367).

December Spread (Volatile) ±0.0282

October Spread (Stable) ±0.0106

Growth Streaks & Declines

Trends

Between April and September, 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 October and November, when the average rate fell by 0.0089 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0089

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2024: 0.4429) against the same month in 2023 (average: 0.4129), the exchange rate shifted by +0.0301 (+7.28%).

2024 Avg (September) 0.4429

2023 Avg (September) 0.4129

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.4273	0.4070	0.4169
February	0.4209	0.4052	0.4112
March	0.4213	0.4102	0.4149
April	0.4244	0.4059	0.4147
May	0.4321	0.4160	0.4243
June	0.4353	0.4117	0.4244
July	0.4349	0.4200	0.4285
August	0.4402	0.4163	0.4317
September	0.4546	0.4342	0.4429
October	0.4473	0.4367	0.4422
November	0.4491	0.4256	0.4333
December	0.4392	0.4110	0.4263