2023 ZAR to MDL Historical Review

YEARLY HIGH

1.1425 MDL

YEARLY LOW

0.8974 MDL

YEARLY AVERAGE

0.9827 MDL

2023 ZAR to MDL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the ZAR to MDL exchange rate experienced significant fluctuation. The market reached its absolute peak on January 12, valuing the pair at 1.1425. Conversely, the yearly low was recorded on May 25, dropping to 0.8974.

This high-to-low spread represents a total annual volatility of 0.2451 MDL. From a start-to-finish perspective, comparing the January average rate of 1.1122 to the December average rate of 0.9468, the exchange rate registered a net change of -14.87% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 1.1425 was down 9.88% compared to the 2022 peak of 1.2677, 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 57,125 MDL

2022 Average 57,781 MDL

Yearly Trough Low 44,868 MDL

Transaction Impact: A difference of 12,256.37 MDL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

1.1304

0.9127

JanuMarcMayJulySeptNove

ZAR to MDL 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 1.0097, compared to 0.9558 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0539 points.

H1 Avg (Jan–Jun) 1.0097

H2 Avg (Jul–Dec) 0.9558

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.0815 MDL (High: 0.9857 / Low: 0.9042). On the other end, September was the most stable month, with a tight range of 0.0383 MDL (High: 0.9672 / Low: 0.9289).

June Spread (Volatile) ±0.0815

September Spread (Stable) ±0.0383

Growth Streaks & Declines

Trends

Between August and November, 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 0.0646 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0646

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 1.1122) against the same month in 2022 (average: 1.1564), the exchange rate shifted by -0.0441 (-3.82%).

2023 Avg (January) 1.1122

2022 Avg (January) 1.1564

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.1425	1.0766	1.1122
February	1.1018	1.0211	1.0476
March	1.0417	0.9846	1.0185
April	1.0285	0.9760	0.9931
May	0.9781	0.8974	0.9308
June	0.9857	0.9042	0.9558
July	1.0086	0.9557	0.9828
August	0.9711	0.9137	0.9414
September	0.9672	0.9289	0.9478
October	0.9710	0.9319	0.9527
November	0.9903	0.9370	0.9630
December	0.9712	0.9260	0.9468