2024 ZAR to MXN Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 ZAR to MXN Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the ZAR to MXN exchange rate experienced significant fluctuation. The market reached its absolute peak on November 5, valuing the pair at 1.1575. Conversely, the yearly low was recorded on March 27, dropping to 0.8750.
This high-to-low spread represents a total annual volatility of 0.2825 MXN. From a start-to-finish perspective, comparing the January average rate of 0.9097 to the December average rate of 1.1105, the exchange rate registered a net change of 22.07% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2024 high of 1.1575 was up 0.80% compared to the 2023 peak of 1.1484, indicating shifts in long-term support levels.
Comparing the value generated converting 50,000 ZAR based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
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)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 0.9148, compared to 1.0883 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1735 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was June, with a trading range of 0.1239 MXN (High: 1.0279 / Low: 0.9039). On the other end, May was the most stable month, with a tight range of 0.0198 MXN (High: 0.9221 / Low: 0.9023).
Growth Streaks & Declines
TrendsBetween March and November, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 8 straight months. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 0.0212 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (November 2024: 1.1317) against the same month in 2023 (average: 0.9375), the exchange rate shifted by +0.1942 (+20.71%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 0.9258 | 0.8949 | 0.9097 |
| February | 0.9192 | 0.8863 | 0.8986 |
| March | 0.9032 | 0.8750 | 0.8893 |
| April | 0.9147 | 0.8760 | 0.8902 |
| May | 0.9221 | 0.9023 | 0.9125 |
| June | 1.0279 | 0.9039 | 0.9885 |
| July | 1.0250 | 0.9735 | 0.9932 |
| August | 1.1184 | 1.0055 | 1.0606 |
| September | 1.1515 | 1.0804 | 1.1141 |
| October | 1.1424 | 1.1008 | 1.1198 |
| November | 1.1575 | 1.1081 | 1.1317 |
| December | 1.1386 | 1.0727 | 1.1105 |