2024 ZAR to NAD Historical Review

YEARLY HIGH

1.0207 NAD

YEARLY LOW

0.9665 NAD

YEARLY AVERAGE

0.9998 NAD

2024 ZAR to NAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the ZAR to NAD exchange rate experienced significant fluctuation. The market reached its absolute peak on April 26, valuing the pair at 1.0207. Conversely, the yearly low was recorded on November 9, dropping to 0.9665.

This high-to-low spread represents a total annual volatility of 0.0542 NAD. From a start-to-finish perspective, comparing the January average rate of 1.0019 to the December average rate of 0.9992, the exchange rate registered a net change of -0.27% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 1.0207 was down 4.80% compared to the 2023 peak of 1.0723, 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 51,037 NAD

2023 Average 50,134 NAD

Yearly Trough Low 48,325 NAD

Transaction Impact: A difference of 2,712.12 NAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

1.0023

0.9971

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 0.9999, compared to 0.9996 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0002 points.

H1 Avg (Jan–Jun) 0.9999

H2 Avg (Jul–Dec) 0.9996

Volatility Range Comparison

Volatility

The most volatile month in 2024 was November, with a trading range of 0.0433 NAD (High: 1.0098 / Low: 0.9665). On the other end, March was the most stable month, with a tight range of 0.0163 NAD (High: 1.0086 / Low: 0.9922).

November Spread (Volatile) ±0.0433

March Spread (Stable) ±0.0163

Growth Streaks & Declines

Trends

Between February and April, 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 0.0043 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0043

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2024: 1.0002) against the same month in 2023 (average: 1.0006), the exchange rate shifted by -0.0005 (-0.05%).

2024 Avg (April) 1.0002

2023 Avg (April) 1.0006

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.0203	0.9929	1.0019
February	1.0071	0.9841	0.9976
March	1.0086	0.9922	0.9999
April	1.0207	0.9846	1.0002
May	1.0084	0.9779	0.9986
June	1.0104	0.9881	1.0011
July	1.0074	0.9877	1.0004
August	1.0071	0.9781	0.9983
September	1.0093	0.9906	1.0013
October	1.0086	0.9881	1.0002
November	1.0098	0.9665	0.9984
December	1.0059	0.9844	0.9992