2023 ZAR to KHR Historical Review

YEARLY HIGH

245.8364 KHR

YEARLY LOW

207.7133 KHR

YEARLY AVERAGE

222.9209 KHR

2023 ZAR to KHR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the ZAR to KHR exchange rate experienced significant fluctuation. The market reached its absolute peak on January 12, valuing the pair at 245.8364. Conversely, the yearly low was recorded on May 25, dropping to 207.7133.

This high-to-low spread represents a total annual volatility of 38.1231 KHR. From a start-to-finish perspective, comparing the January average rate of 240.9560 to the December average rate of 221.0980, the exchange rate registered a net change of -8.24% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 245.8364 was down 12.05% compared to the 2022 peak of 279.5178, 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 12,291,820 KHR

2022 Average 12,533,407 KHR

Yearly Trough Low 10,385,667 KHR

Transaction Impact: A difference of 1,906,153.27 KHR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

243.4912

213.0682

JanuMarcMayJulySeptNove

ZAR to KHR 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 225.0306, compared to 220.8111 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 4.2195 points.

H1 Avg (Jan–Jun) 225.0306

H2 Avg (Jul–Dec) 220.8111

Volatility Range Comparison

Volatility

The most volatile month in 2023 was February, with a trading range of 21.6957 KHR (High: 241.1796 / Low: 219.4839). On the other end, September was the most stable month, with a tight range of 6.1711 KHR (High: 220.7958 / Low: 214.6247).

February Spread (Volatile) ±21.6957

September Spread (Stable) ±6.1711

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 January and February, when the average rate fell by 12.9083 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -12.9083

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 240.9560) against the same month in 2022 (average: 262.6505), the exchange rate shifted by -21.6945 (-8.26%).

2023 Avg (January) 240.9560

2022 Avg (January) 262.6505

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	245.8364	235.9127	240.9560
February	241.1796	219.4839	228.0477
March	228.0044	212.8930	221.6401
April	227.7191	219.4188	223.7760
May	225.5857	207.7133	215.6035
June	226.4213	209.8955	220.1605
July	235.1382	214.8464	226.5215
August	226.0330	215.6376	220.4294
September	220.7958	214.6247	217.7794
October	221.7555	210.6558	216.9999
November	226.4761	217.6731	222.0385
December	225.2116	215.7110	221.0980