2024 ZAR to IDR Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 ZAR to IDR Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the ZAR to IDR exchange rate experienced significant fluctuation. The market reached its absolute peak on June 20, valuing the pair at 917.9065. Conversely, the yearly low was recorded on February 25, dropping to 807.5175.
This high-to-low spread represents a total annual volatility of 110.3889 IDR. From a start-to-finish perspective, comparing the January average rate of 833.1298 to the December average rate of 880.9253, the exchange rate registered a net change of 5.74% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2024 high of 917.9065 was down 0.74% compared to the 2023 peak of 924.7851, indicating shifts in long-term support levels.
Comparing the value generated converting 50,000 ZAR based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
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)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 850.8313, compared to 881.0924 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 30.2611 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was June, with a trading range of 61.2401 IDR (High: 917.9065 / Low: 856.6664). On the other end, July was the most stable month, with a tight range of 18.8461 IDR (High: 900.1844 / Low: 881.3383).
Growth Streaks & Declines
TrendsBetween February and July, 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 July and August, when the average rate fell by 19.1552 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (June 2024: 889.2490) against the same month in 2023 (average: 798.1217), the exchange rate shifted by +91.1273 (+11.42%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 849.1646 | 815.4292 | 833.1298 |
| February | 846.7307 | 807.5175 | 823.5623 |
| March | 847.3920 | 822.7906 | 833.4864 |
| April | 871.3036 | 840.5494 | 852.9354 |
| May | 886.4485 | 862.7533 | 872.6249 |
| June | 917.9065 | 856.6664 | 889.2490 |
| July | 900.1844 | 881.3383 | 891.4436 |
| August | 890.3385 | 851.5640 | 872.2885 |
| September | 884.3967 | 862.5752 | 871.5017 |
| October | 905.8980 | 878.2542 | 888.2318 |
| November | 903.0440 | 859.7858 | 882.1632 |
| December | 902.1418 | 859.1680 | 880.9253 |