2023 ZAR to LSL Historical Review

YEARLY HIGH

1.0483 LSL

YEARLY LOW

0.9643 LSL

YEARLY AVERAGE

1.0004 LSL

2023 ZAR to LSL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the ZAR to LSL exchange rate experienced significant fluctuation. The market reached its absolute peak on November 13, valuing the pair at 1.0483. Conversely, the yearly low was recorded on March 18, dropping to 0.9643.

This high-to-low spread represents a total annual volatility of 0.0840 LSL. From a start-to-finish perspective, comparing the January average rate of 1.0016 to the December average rate of 1.0040, the exchange rate registered a net change of 0.24% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 1.0483 was up 1.33% compared to the 2022 peak of 1.0345, 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 52,414 LSL

2022 Average 49,962 LSL

Yearly Trough Low 48,213 LSL

Transaction Impact: A difference of 4,201.19 LSL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

1.0047

0.9962

JanuMarcMayJulySeptNove

ZAR to LSL 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 0.9992, compared to 1.0017 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0025 points.

H1 Avg (Jan–Jun) 0.9992

H2 Avg (Jul–Dec) 1.0017

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 0.0727 LSL (High: 1.0483 / Low: 0.9755). On the other end, September was the most stable month, with a tight range of 0.0186 LSL (High: 1.0072 / Low: 0.9886).

November Spread (Volatile) ±0.0727

September Spread (Stable) ±0.0186

Growth Streaks & Declines

Trends

Between May and August, 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 0.0028 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0028

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2023: 1.0035) against the same month in 2022 (average: 1.0040), the exchange rate shifted by -0.0005 (-0.05%).

2023 Avg (November) 1.0035

2022 Avg (November) 1.0040

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.0077	0.9880	1.0016
February	1.0126	0.9815	0.9988
March	1.0158	0.9643	0.9998
April	1.0105	0.9866	0.9984
May	1.0050	0.9750	0.9969
June	1.0095	0.9773	0.9994
July	1.0236	0.9832	1.0006
August	1.0176	0.9857	1.0009
September	1.0072	0.9886	0.9996
October	1.0099	0.9892	1.0013
November	1.0483	0.9755	1.0035
December	1.0412	0.9919	1.0040