2023 ZAR to NAD Historical Review

YEARLY HIGH

1.0723 NAD

YEARLY LOW

0.9654 NAD

YEARLY AVERAGE

1.0026 NAD

2023 ZAR to NAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the ZAR to NAD exchange rate experienced significant fluctuation. The market reached its absolute peak on October 27, valuing the pair at 1.0723. Conversely, the yearly low was recorded on February 6, dropping to 0.9654.

This high-to-low spread represents a total annual volatility of 0.1068 NAD. From a start-to-finish perspective, comparing the January average rate of 1.0002 to the December average rate of 1.0048, the exchange rate registered a net change of 0.47% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 1.0723 was up 0.43% compared to the 2022 peak of 1.0677, 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 53,613 NAD

2022 Average 49,805 NAD

Yearly Trough Low 48,272 NAD

Transaction Impact: A difference of 5,340.93 NAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

1.0133

0.9960

JanuMarcMayJulySeptNove

ZAR to NAD 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 0.9996, compared to 1.0056 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0060 points.

H1 Avg (Jan–Jun) 0.9996

H2 Avg (Jul–Dec) 1.0056

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 0.0860 NAD (High: 1.0720 / Low: 0.9860). On the other end, January was the most stable month, with a tight range of 0.0265 NAD (High: 1.0105 / Low: 0.9840).

November Spread (Volatile) ±0.0860

January Spread (Stable) ±0.0265

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 November and December, when the average rate fell by 0.0068 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0068

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2023: 1.0119) against the same month in 2022 (average: 0.9992), the exchange rate shifted by +0.0127 (+1.27%).

2023 Avg (October) 1.0119

2022 Avg (October) 0.9992

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.0105	0.9840	1.0002
February	1.0079	0.9654	0.9975
March	1.0172	0.9806	1.0005
April	1.0221	0.9879	1.0006
May	1.0079	0.9731	0.9993
June	1.0126	0.9773	0.9998
July	1.0236	0.9832	1.0018
August	1.0393	0.9883	1.0034
September	1.0077	0.9804	1.0004
October	1.0723	0.9909	1.0119
November	1.0720	0.9860	1.0116
December	1.0412	0.9879	1.0048