2023 ZAR to HUF Historical Review

YEARLY HIGH

22.2800 HUF

YEARLY LOW

17.5255 HUF

YEARLY AVERAGE

19.1552 HUF

2023 ZAR to HUF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the ZAR to HUF exchange rate experienced significant fluctuation. The market reached its absolute peak on January 3, valuing the pair at 22.2800. Conversely, the yearly low was recorded on May 30, dropping to 17.5255.

This high-to-low spread represents a total annual volatility of 4.7544 HUF. From a start-to-finish perspective, comparing the January average rate of 21.4387 to the December average rate of 18.7990, the exchange rate registered a net change of -12.31% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 22.2800 was down 9.57% compared to the 2022 peak of 24.6388, 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 1,114,000 HUF

2022 Average 1,137,029 HUF

Yearly Trough Low 876,277 HUF

Transaction Impact: A difference of 237,722.28 HUF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

21.7873

17.6035

JanuMarcMayJulySeptNove

ZAR to HUF 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 19.3741, compared to 18.9362 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.4380 points.

H1 Avg (Jan–Jun) 19.3741

H2 Avg (Jul–Dec) 18.9362

Volatility Range Comparison

Volatility

The most volatile month in 2023 was July, with a trading range of 1.6513 HUF (High: 19.7951 / Low: 18.1438). On the other end, October was the most stable month, with a tight range of 0.6864 HUF (High: 19.5238 / Low: 18.8374).

July Spread (Volatile) ±1.6513

October Spread (Stable) ±0.6864

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 1.3813 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -1.3813

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 21.4387) against the same month in 2022 (average: 20.4626), the exchange rate shifted by +0.9761 (+4.77%).

2023 Avg (January) 21.4387

2022 Avg (January) 20.4626

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	22.2800	20.6704	21.4387
February	20.8687	19.3413	20.0573
March	20.3238	19.3063	19.6861
April	19.7701	18.4471	18.8599
May	18.5187	17.5255	17.9521
June	18.8102	17.5704	18.2507
July	19.7951	18.1438	18.8443
August	19.3275	18.4472	18.7950
September	19.6309	18.5179	19.0951
October	19.5238	18.8374	19.1769
November	19.5880	18.3763	18.9068
December	19.1513	18.4429	18.7990