2024 ZAR to MDL Historical Review

YEARLY HIGH

1.0343 MDL

YEARLY LOW

0.9206 MDL

YEARLY AVERAGE

0.9680 MDL

2024 ZAR to MDL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the ZAR to MDL exchange rate experienced significant fluctuation. The market reached its absolute peak on November 7, valuing the pair at 1.0343. Conversely, the yearly low was recorded on February 28, dropping to 0.9206.

This high-to-low spread represents a total annual volatility of 0.1137 MDL. From a start-to-finish perspective, comparing the January average rate of 0.9398 to the December average rate of 1.0044, the exchange rate registered a net change of 6.87% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 1.0343 was down 9.47% compared to the 2023 peak of 1.1425, 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 51,713 MDL

2023 Average 49,119 MDL

Yearly Trough Low 46,029 MDL

Transaction Impact: A difference of 5,683.78 MDL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

1.0133

0.9289

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 0.9455, compared to 0.9905 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0450 points.

H1 Avg (Jan–Jun) 0.9455

H2 Avg (Jul–Dec) 0.9905

Volatility Range Comparison

Volatility

The most volatile month in 2024 was June, with a trading range of 0.0669 MDL (High: 0.9911 / Low: 0.9242). On the other end, March was the most stable month, with a tight range of 0.0205 MDL (High: 0.9468 / Low: 0.9263).

June Spread (Volatile) ±0.0669

March Spread (Stable) ±0.0205

Growth Streaks & Declines

Trends

Between 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 January and February, when the average rate fell by 0.0039 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0039

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2024: 1.0049) against the same month in 2023 (average: 0.9630), the exchange rate shifted by +0.0419 (+4.35%).

2024 Avg (November) 1.0049

2023 Avg (November) 0.9630

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.9690	0.9214	0.9398
February	0.9552	0.9206	0.9359
March	0.9468	0.9263	0.9362
April	0.9528	0.9254	0.9386
May	0.9754	0.9369	0.9592
June	0.9911	0.9242	0.9630
July	0.9853	0.9567	0.9713
August	0.9847	0.9358	0.9680
September	1.0166	0.9656	0.9879
October	1.0181	0.9962	1.0063
November	1.0343	0.9805	1.0049
December	1.0323	0.9726	1.0044