2023 ZAR to KMF Historical Review

YEARLY HIGH

27.5088 KMF

YEARLY LOW

23.1487 KMF

YEARLY AVERAGE

24.7158 KMF

2023 ZAR to KMF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the ZAR to KMF exchange rate experienced significant fluctuation. The market reached its absolute peak on January 4, valuing the pair at 27.5088. Conversely, the yearly low was recorded on May 25, dropping to 23.1487.

This high-to-low spread represents a total annual volatility of 4.3602 KMF. From a start-to-finish perspective, comparing the January average rate of 26.7669 to the December average rate of 24.2613, the exchange rate registered a net change of -9.36% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 27.5088 was down 11.76% compared to the 2022 peak of 31.1761, 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 1,375,441 KMF

2022 Average 1,429,801 KMF

Yearly Trough Low 1,157,434 KMF

Transaction Impact: A difference of 218,007.71 KMF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

27.0697

23.4358

JanuMarcMayJulySeptNove

ZAR to KMF 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 25.0656, compared to 24.3660 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.6996 points.

H1 Avg (Jan–Jun) 25.0656

H2 Avg (Jul–Dec) 24.3660

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 1.8661 KMF (High: 25.6563 / Low: 23.7901). On the other end, October was the most stable month, with a tight range of 0.9314 KMF (High: 24.8817 / Low: 23.9503).

November Spread (Volatile) ±1.8661

October Spread (Stable) ±0.9314

Growth Streaks & Declines

Trends

Between 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 January and February, when the average rate fell by 1.0904 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -1.0904

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 26.7669) against the same month in 2022 (average: 28.0479), the exchange rate shifted by -1.2810 (-4.57%).

2023 Avg (January) 26.7669

2022 Avg (January) 28.0479

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	27.5088	26.0484	26.7669
February	26.4728	25.2354	25.6765
March	25.5564	24.5822	25.2138
April	25.4231	24.2676	24.7150
May	24.4307	23.1487	23.7386
June	24.9202	23.4593	24.2830
July	25.3634	23.6742	24.4719
August	24.5395	23.5331	24.0386
September	24.7616	23.7666	24.3029
October	24.8817	23.9503	24.4991
November	25.6563	23.7901	24.6222
December	24.9051	23.7984	24.2613