2024 ZAR to LRD Historical Review

YEARLY HIGH

11.4774 LRD

YEARLY LOW

9.6397 LRD

YEARLY AVERAGE

10.4493 LRD

2024 ZAR to LRD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the ZAR to LRD exchange rate experienced significant fluctuation. The market reached its absolute peak on September 20, valuing the pair at 11.4774. Conversely, the yearly low was recorded on December 26, dropping to 9.6397.

This high-to-low spread represents a total annual volatility of 1.8377 LRD. From a start-to-finish perspective, comparing the January average rate of 10.0878 to the December average rate of 9.9013, the exchange rate registered a net change of -1.85% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 11.4774 was up 8.81% compared to the 2023 peak of 10.5483, 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 573,872 LRD

2023 Average 473,301 LRD

Yearly Trough Low 481,986 LRD

Transaction Impact: A difference of 91,886.55 LRD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

11.2400

9.7796

JanuMarcMayJulySeptNove

ZAR to LRD 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 10.2628, compared to 10.6358 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.3730 points.

H1 Avg (Jan–Jun) 10.2628

H2 Avg (Jul–Dec) 10.6358

Volatility Range Comparison

Volatility

The most volatile month in 2024 was November, with a trading range of 1.1520 LRD (High: 10.9991 / Low: 9.8471). On the other end, March was the most stable month, with a tight range of 0.3107 LRD (High: 10.3700 / Low: 10.0593).

November Spread (Volatile) ±1.1520

March Spread (Stable) ±0.3107

Growth Streaks & Declines

Trends

Between February and September, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 7 straight months. Conversely, the sharpest month-over-month decline occurred between October and November, when the average rate fell by 0.6587 points.

Longest Streak 7 Mo.

Sharpest MoM Drop -0.6587

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2024: 11.1183) against the same month in 2023 (average: 9.8255), the exchange rate shifted by +1.2928 (+13.16%).

2024 Avg (September) 11.1183

2023 Avg (September) 9.8255

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	10.3319	9.8577	10.0878
February	10.2255	9.8734	10.0145
March	10.3700	10.0593	10.2060
April	10.4624	9.8737	10.2072
May	10.7141	10.3164	10.5144
June	10.8382	10.2258	10.5468
July	10.8471	10.4517	10.6932
August	11.0260	10.4271	10.8274
September	11.4774	10.8563	11.1183
October	11.1618	10.8095	10.9667
November	10.9991	9.8471	10.3080
December	10.1305	9.6397	9.9013