2024 ZAR to KRW Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 ZAR to KRW Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the ZAR to KRW exchange rate experienced significant fluctuation. The market reached its absolute peak on December 11, valuing the pair at 80.7313. Conversely, the yearly low was recorded on February 25, dropping to 68.9309.
This high-to-low spread represents a total annual volatility of 11.8004 KRW. From a start-to-finish perspective, comparing the January average rate of 70.6485 to the December average rate of 78.9898, the exchange rate registered a net change of 11.81% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2024 high of 80.7313 was up 7.22% compared to the 2023 peak of 75.2957, 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 KRW 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 72.1802, compared to 76.7283 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 4.5480 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was June, with a trading range of 5.4702 KRW (High: 77.4646 / Low: 71.9944). On the other end, January was the most stable month, with a tight range of 2.0426 KRW (High: 71.7853 / Low: 69.7428).
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 1.0946 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2024: 78.9898) against the same month in 2023 (average: 69.9890), the exchange rate shifted by +9.0008 (+12.86%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 71.7853 | 69.7428 | 70.6485 |
| February | 71.5758 | 68.9309 | 70.0595 |
| March | 71.8411 | 69.7824 | 70.6652 |
| April | 73.7636 | 71.2365 | 72.5436 |
| May | 75.5337 | 73.1222 | 74.0850 |
| June | 77.4646 | 71.9944 | 75.0795 |
| July | 76.6715 | 74.5338 | 75.8369 |
| August | 75.8576 | 72.8679 | 74.7423 |
| September | 77.3751 | 74.5328 | 75.6083 |
| October | 78.6342 | 76.1730 | 77.5057 |
| November | 79.9526 | 76.5687 | 77.6864 |
| December | 80.7313 | 77.1052 | 78.9898 |