2024 ZAR to IRR Historical Review

YEARLY HIGH

2462.0647 IRR

YEARLY LOW

2176.7785 IRR

YEARLY AVERAGE

2297.8039 IRR

2024 ZAR to IRR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the ZAR to IRR exchange rate experienced significant fluctuation. The market reached its absolute peak on September 29, valuing the pair at 2462.0647. Conversely, the yearly low was recorded on February 25, dropping to 2176.7785.

This high-to-low spread represents a total annual volatility of 285.2862 IRR. From a start-to-finish perspective, comparing the January average rate of 2242.7314 to the December average rate of 2313.1835, the exchange rate registered a net change of 3.14% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 2462.0647 was down 1.49% compared to the 2023 peak of 2499.1960, 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 123,103,237 IRR

2023 Average 114,522,805 IRR

Yearly Trough Low 108,838,925 IRR

Transaction Impact: A difference of 14,264,311.80 IRR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

2414.6268

2191.7704

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 2247.6095, compared to 2347.9984 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 100.3888 points.

H1 Avg (Jan–Jun) 2247.6095

H2 Avg (Jul–Dec) 2347.9984

Volatility Range Comparison

Volatility

The most volatile month in 2024 was December, with a trading range of 141.9613 IRR (High: 2377.4219 / Low: 2235.4606). On the other end, October was the most stable month, with a tight range of 60.0004 IRR (High: 2425.9320 / Low: 2365.9316).

December Spread (Volatile) ±141.9613

October Spread (Stable) ±60.0004

Growth Streaks & Declines

Trends

Between April and October, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 6 straight months. Conversely, the sharpest month-over-month decline occurred between October and November, when the average rate fell by 51.7792 points.

Longest Streak 6 Mo.

Sharpest MoM Drop -51.7792

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2024: 2393.6524) against the same month in 2023 (average: 2227.8287), the exchange rate shifted by +165.8237 (+7.44%).

2024 Avg (September) 2393.6524

2023 Avg (September) 2227.8287

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2297.5494	2189.1577	2242.7314
February	2262.7917	2176.7785	2210.3418
March	2264.6472	2202.6916	2229.6259
April	2279.6003	2179.9892	2228.0427
May	2329.3995	2246.5711	2286.3953
June	2346.7729	2219.6774	2288.5201
July	2344.1917	2262.1121	2309.8840
August	2377.0147	2247.3155	2330.9386
September	2462.0647	2343.5412	2393.6524
October	2425.9320	2365.9316	2396.0554
November	2433.1825	2302.9287	2344.2763
December	2377.4219	2235.4606	2313.1835