2023 ZAR to MXN Historical Review

YEARLY HIGH

1.1484 MXN

YEARLY LOW

0.8937 MXN

YEARLY AVERAGE

0.9631 MXN

2023 ZAR to MXN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the ZAR to MXN exchange rate experienced significant fluctuation. The market reached its absolute peak on January 4, valuing the pair at 1.1484. Conversely, the yearly low was recorded on August 16, dropping to 0.8937.

This high-to-low spread represents a total annual volatility of 0.2547 MXN. From a start-to-finish perspective, comparing the January average rate of 1.1107 to the December average rate of 0.9232, the exchange rate registered a net change of -16.88% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 1.1484 was down 17.84% compared to the 2022 peak of 1.3977, 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 57,419 MXN

2022 Average 61,695 MXN

Yearly Trough Low 44,686 MXN

Transaction Impact: A difference of 12,733.42 MXN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

1.1313

0.8838

JanuMarcMayJulySeptNove

ZAR to MXN 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 1.0001, compared to 0.9262 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0739 points.

H1 Avg (Jan–Jun) 1.0001

H2 Avg (Jul–Dec) 0.9262

Volatility Range Comparison

Volatility

The most volatile month in 2023 was February, with a trading range of 0.0941 MXN (High: 1.0920 / Low: 0.9979). On the other end, September was the most stable month, with a tight range of 0.0286 MXN (High: 0.9264 / Low: 0.8978).

February Spread (Volatile) ±0.0941

September Spread (Stable) ±0.0286

Growth Streaks & Declines

Trends

Between August and October, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 0.0725 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0725

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 1.1107) against the same month in 2022 (average: 1.3229), the exchange rate shifted by -0.2122 (-16.04%).

2023 Avg (January) 1.1107

2022 Avg (January) 1.3229

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.1484	1.0793	1.1107
February	1.0920	0.9979	1.0381
March	1.0398	0.9681	1.0075
April	1.0163	0.9803	0.9947
May	0.9815	0.8951	0.9288
June	0.9396	0.8944	0.9207
July	0.9650	0.8969	0.9293
August	0.9294	0.8937	0.9045
September	0.9264	0.8978	0.9120
October	0.9684	0.9197	0.9504
November	0.9606	0.9107	0.9375
December	0.9395	0.9061	0.9232