2023 ZAR to IDR Historical Review

YEARLY HIGH

924.7851 IDR

YEARLY LOW

757.0588 IDR

YEARLY AVERAGE

826.9224 IDR

2023 ZAR to IDR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the ZAR to IDR exchange rate experienced significant fluctuation. The market reached its absolute peak on January 4, valuing the pair at 924.7851. Conversely, the yearly low was recorded on May 25, dropping to 757.0588.

This high-to-low spread represents a total annual volatility of 167.7263 IDR. From a start-to-finish perspective, comparing the January average rate of 892.7278 to the December average rate of 832.6872, the exchange rate registered a net change of -6.73% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 924.7851 was down 6.54% compared to the 2022 peak of 989.5208, 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 46,239,256 IDR

2022 Average 45,458,873 IDR

Yearly Trough Low 37,852,941 IDR

Transaction Impact: A difference of 8,386,315.64 IDR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

904.2369

766.1284

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 828.4864, compared to 825.3583 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 3.1281 points.

H1 Avg (Jan–Jun) 828.4864

H2 Avg (Jul–Dec) 825.3583

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 65.8602 IDR (High: 825.7938 / Low: 759.9336). On the other end, September was the most stable month, with a tight range of 24.3779 IDR (High: 820.6092 / Low: 796.2313).

June Spread (Volatile) ±65.8602

September Spread (Stable) ±24.3779

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 46.4011 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -46.4011

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 892.7278) against the same month in 2022 (average: 924.8336), the exchange rate shifted by -32.1058 (-3.47%).

2023 Avg (January) 892.7278

2022 Avg (January) 924.8336

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	924.7851	861.8285	892.7278
February	873.8927	826.2136	846.3267
March	849.0186	818.4832	837.3219
April	841.2258	799.4248	818.7829
May	805.7351	757.0588	777.6374
June	825.7938	759.9336	798.1217
July	857.0633	793.0635	827.2674
August	828.2510	799.7007	812.8723
September	820.6092	796.2313	810.6860
October	853.5538	801.1060	828.1818
November	860.3676	824.4973	840.4551
December	851.8605	815.4465	832.6872