2023 ZAR to JPY Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 ZAR to JPY Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the ZAR to JPY exchange rate experienced significant fluctuation. The market reached its absolute peak on November 15, valuing the pair at 8.3129. Conversely, the yearly low was recorded on May 11, dropping to 7.0100.
This high-to-low spread represents a total annual volatility of 1.3029 JPY. From a start-to-finish perspective, comparing the January average rate of 7.6235 to the December average rate of 7.7259, the exchange rate registered a net change of 1.34% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 8.3129 was down 5.45% compared to the 2022 peak of 8.7922, 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 2023.
ZAR to JPY 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 7.4093, compared to 7.8207 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.4114 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was June, with a trading range of 0.7353 JPY (High: 7.8050 / Low: 7.0697). On the other end, February was the most stable month, with a tight range of 0.2318 JPY (High: 7.5623 / Low: 7.3305).
Growth Streaks & Declines
TrendsBetween August and November, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 0.3568 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (November 2023: 8.0827) against the same month in 2022 (average: 8.1303), the exchange rate shifted by -0.0476 (-0.59%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 7.8326 | 7.4217 | 7.6235 |
| February | 7.5623 | 7.3305 | 7.4317 |
| March | 7.5150 | 7.0192 | 7.3129 |
| April | 7.4812 | 7.2117 | 7.3530 |
| May | 7.4752 | 7.0100 | 7.1874 |
| June | 7.8050 | 7.0697 | 7.5473 |
| July | 8.0272 | 7.4326 | 7.7535 |
| August | 7.8981 | 7.5695 | 7.7099 |
| September | 7.9241 | 7.6591 | 7.7935 |
| October | 8.1137 | 7.6089 | 7.8589 |
| November | 8.3129 | 7.8435 | 8.0827 |
| December | 7.8733 | 7.6007 | 7.7259 |