2024 ZAR to KMF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 ZAR to KMF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the ZAR to KMF exchange rate experienced significant fluctuation. The market reached its absolute peak on November 7, valuing the pair at 26.3486. Conversely, the yearly low was recorded on January 22, dropping to 23.5250.
This high-to-low spread represents a total annual volatility of 2.8237 KMF. From a start-to-finish perspective, comparing the January average rate of 24.0723 to the December average rate of 25.7693, the exchange rate registered a net change of 7.05% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2024 high of 26.3486 was down 4.22% compared to the 2023 peak of 27.5088, 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 2024.
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)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 24.3303, compared to 25.3581 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 1.0278 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was June, with a trading range of 1.7825 KMF (High: 25.6374 / Low: 23.8549). On the other end, March was the most stable month, with a tight range of 0.4737 KMF (High: 24.2823 / Low: 23.8086).
Growth Streaks & Declines
TrendsBetween February and July, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between July and August, when the average rate fell by 0.1544 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (November 2024: 25.7837) against the same month in 2023 (average: 24.6222), the exchange rate shifted by +1.1615 (+4.72%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 24.5713 | 23.5250 | 24.0723 |
| February | 24.4066 | 23.5574 | 23.9779 |
| March | 24.2823 | 23.8086 | 24.0298 |
| April | 24.6406 | 23.9740 | 24.3035 |
| May | 25.1210 | 24.1683 | 24.7596 |
| June | 25.6374 | 23.8549 | 24.8385 |
| July | 25.2953 | 24.5878 | 24.9190 |
| August | 25.1241 | 24.0815 | 24.7646 |
| September | 25.8238 | 24.8440 | 25.2128 |
| October | 25.9835 | 25.4850 | 25.6992 |
| November | 26.3486 | 25.2844 | 25.7837 |
| December | 26.3303 | 25.0416 | 25.7693 |