2023 ZAR to IRR Historical Review

YEARLY HIGH

2499.1960 IRR

YEARLY LOW

2138.1995 IRR

YEARLY AVERAGE

2290.7979 IRR

2023 ZAR to IRR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the ZAR to IRR exchange rate experienced significant fluctuation. The market reached its absolute peak on January 12, valuing the pair at 2499.1960. Conversely, the yearly low was recorded on May 25, dropping to 2138.1995.

This high-to-low spread represents a total annual volatility of 360.9966 IRR. From a start-to-finish perspective, comparing the January average rate of 2455.8220 to the December average rate of 2271.2290, the exchange rate registered a net change of -7.52% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 2499.1960 was down 14.45% compared to the 2022 peak of 2921.4553, 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 124,959,802 IRR

2022 Average 129,629,722 IRR

Yearly Trough Low 106,909,973 IRR

Transaction Impact: A difference of 18,049,829.15 IRR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

2479.9491

2190.4232

JanuMarcMayJulySeptNove

ZAR to IRR 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 2319.7472, compared to 2261.8487 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 57.8984 points.

H1 Avg (Jan–Jun) 2319.7472

H2 Avg (Jul–Dec) 2261.8487

Volatility Range Comparison

Volatility

The most volatile month in 2023 was July, with a trading range of 196.1730 IRR (High: 2407.4526 / Low: 2211.2796). On the other end, September was the most stable month, with a tight range of 53.8582 IRR (High: 2253.3445 / Low: 2199.4864).

July Spread (Volatile) ±196.1730

September Spread (Stable) ±53.8582

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 April and May, when the average rate fell by 111.9934 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -111.9934

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 2455.8220) against the same month in 2022 (average: 2726.9302), the exchange rate shifted by -271.1083 (-9.94%).

2023 Avg (January) 2455.8220

2022 Avg (January) 2726.9302

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2499.1960	2419.4666	2455.8220
February	2475.9765	2296.8424	2356.2793
March	2375.8202	2249.3116	2308.0139
April	2375.8202	2284.1579	2326.5438
May	2310.1079	2138.1995	2214.5503
June	2326.5525	2155.3701	2257.2736
July	2407.4526	2211.2796	2320.7447
August	2314.8908	2205.4156	2251.3063
September	2253.3445	2199.4864	2227.8287
October	2264.7137	2165.1897	2220.1136
November	2324.0983	2237.8796	2279.8698
December	2314.4155	2214.8300	2271.2290