2024 ZAR to ILS Historical Review

YEARLY HIGH

0.2194 ILS

YEARLY LOW

0.1860 ILS

YEARLY AVERAGE

0.2021 ILS

2024 ZAR to ILS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the ZAR to ILS exchange rate experienced significant fluctuation. The market reached its absolute peak on October 4, valuing the pair at 0.2194. Conversely, the yearly low was recorded on February 29, dropping to 0.1860.

This high-to-low spread represents a total annual volatility of 0.0334 ILS. From a start-to-finish perspective, comparing the January average rate of 0.1978 to the December average rate of 0.1987, the exchange rate registered a net change of 0.44% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.2194 was up 1.09% compared to the 2023 peak of 0.2170, 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 10,970 ILS

2023 Average 9,990 ILS

Yearly Trough Low 9,302 ILS

Transaction Impact: A difference of 1,668.52 ILS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.2166

0.1893

JanuMarcMayJulySeptNove

ZAR to ILS 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 0.1975, compared to 0.2066 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0091 points.

H1 Avg (Jan–Jun) 0.1975

H2 Avg (Jul–Dec) 0.2066

Volatility Range Comparison

Volatility

The most volatile month in 2024 was November, with a trading range of 0.0150 ILS (High: 0.2153 / Low: 0.2003). On the other end, May was the most stable month, with a tight range of 0.0071 ILS (High: 0.2050 / Low: 0.1978).

November Spread (Volatile) ±0.0150

May Spread (Stable) ±0.0071

Growth Streaks & Declines

Trends

Between February and June, 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 November and December, when the average rate fell by 0.0085 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0085

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2024: 0.2143) against the same month in 2023 (average: 0.2091), the exchange rate shifted by +0.0052 (+2.48%).

2024 Avg (October) 0.2143

2023 Avg (October) 0.2091

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.2040	0.1944	0.1978
February	0.1970	0.1860	0.1916
March	0.1969	0.1868	0.1927
April	0.2039	0.1940	0.1990
May	0.2050	0.1978	0.2011
June	0.2093	0.1961	0.2029
July	0.2065	0.1970	0.2015
August	0.2099	0.1989	0.2060
September	0.2181	0.2034	0.2121
October	0.2194	0.2097	0.2143
November	0.2153	0.2003	0.2072
December	0.2023	0.1927	0.1987