2023 ZAR to KPW Historical Review

YEARLY HIGH

53.7462 KPW

YEARLY LOW

45.4936 KPW

YEARLY AVERAGE

48.8364 KPW

2023 ZAR to KPW Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the ZAR to KPW exchange rate experienced significant fluctuation. The market reached its absolute peak on January 12, valuing the pair at 53.7462. Conversely, the yearly low was recorded on May 25, dropping to 45.4936.

This high-to-low spread represents a total annual volatility of 8.2525 KPW. From a start-to-finish perspective, comparing the January average rate of 52.7068 to the December average rate of 48.4044, the exchange rate registered a net change of -8.16% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 53.7462 was down 13.43% compared to the 2022 peak of 62.0852, 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 2,687,308 KPW

2022 Average 2,760,085 KPW

Yearly Trough Low 2,274,680 KPW

Transaction Impact: A difference of 412,627.30 KPW purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

53.2625

46.5943

JanuMarcMayJulySeptNove

ZAR to KPW 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 49.4934, compared to 48.1793 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 1.3141 points.

H1 Avg (Jan–Jun) 49.4934

H2 Avg (Jul–Dec) 48.1793

Volatility Range Comparison

Volatility

The most volatile month in 2023 was July, with a trading range of 4.1915 KPW (High: 51.2678 / Low: 47.0763). On the other end, September was the most stable month, with a tight range of 1.1753 KPW (High: 48.0116 / Low: 46.8363).

July Spread (Volatile) ±4.1915

September Spread (Stable) ±1.1753

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 2.4761 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -2.4761

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 52.7068) against the same month in 2022 (average: 58.0739), the exchange rate shifted by -5.3670 (-9.24%).

2023 Avg (January) 52.7068

2022 Avg (January) 58.0739

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	53.7462	51.7120	52.7068
February	52.7989	48.8512	50.2307
March	50.6089	47.9143	49.2667
April	50.5793	48.6278	49.5497
May	49.1948	45.4936	47.1500
June	49.5011	45.8589	48.0567
July	51.2678	47.0763	49.4431
August	49.2384	46.9099	47.9234
September	48.0116	46.8363	47.4541
October	48.2567	46.1224	47.2923
November	49.4781	47.6567	48.5586
December	49.2866	47.1659	48.4044