YEARLY HIGH
991.7294 IDR
YEARLY LOW
780.2719 IDR
YEARLY AVERAGE
886.1843 IDR

2020 ZAR to IDR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2020

During 2020, the ZAR to IDR exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 991.7294. Conversely, the yearly low was recorded on May 1, dropping to 780.2719.

This high-to-low spread represents a total annual volatility of 211.4575 IDR. From a start-to-finish perspective, comparing the January average rate of 952.5902 to the December average rate of 949.4539, the exchange rate registered a net change of -0.33% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2020 high of 991.7294 was down 5.85% compared to the 2019 peak of 1053.3644, 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 49,586,470 IDR
2019 Average 48,959,464 IDR
Yearly Trough Low 39,013,597 IDR
Transaction Impact: A difference of 10,572,872.82 IDR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2020.

966.0606
804.4157
JanuMarcMayJulySeptNove

ZAR to IDR 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 878.0764, compared to 894.2923 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 16.2159 points.

H1 Avg (Jan–Jun) 878.0764
H2 Avg (Jul–Dec) 894.2923

Volatility Range Comparison

Volatility

The most volatile month in 2020 was January, with a trading range of 86.2426 IDR (High: 991.7294 / Low: 905.4868). On the other end, October was the most stable month, with a tight range of 23.3552 IDR (High: 904.7050 / Low: 881.3498).

January Spread (Volatile) ±86.2426
October Spread (Stable) ±23.3552

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 March and April, when the average rate fell by 62.5382 points.

Longest Streak 4 Mo.
Sharpest MoM Drop -62.5382

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2020: 952.5902) against the same month in 2019 (average: 1023.1627), the exchange rate shifted by -70.5725 (-6.90%).

2020 Avg (January) 952.5902
2019 Avg (January) 1023.1627

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 991.7294 905.4868 952.5902
February 928.1413 891.9555 913.3981
March 955.4239 877.6629 908.7649
April 889.8658 805.9849 846.2267
May 851.8339 780.2719 817.8861
June 862.9327 808.5326 829.5922
July 894.2199 835.9709 866.3980
August 881.4272 827.6761 853.2310
September 917.0020 864.7853 886.9355
October 904.7050 881.3498 894.6207
November 934.1145 899.1549 915.1145
December 971.4405 921.7008 949.4539