2024 ZAR to NIO Historical Review

YEARLY HIGH

2.1516 NIO

YEARLY LOW

1.9050 NIO

YEARLY AVERAGE

2.0080 NIO

2024 ZAR to NIO Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the ZAR to NIO exchange rate experienced significant fluctuation. The market reached its absolute peak on September 29, valuing the pair at 2.1516. Conversely, the yearly low was recorded on February 25, dropping to 1.9050.

This high-to-low spread represents a total annual volatility of 0.2466 NIO. From a start-to-finish perspective, comparing the January average rate of 1.9548 to the December average rate of 2.0172, the exchange rate registered a net change of 3.19% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 2.1516 was down 1.12% compared to the 2023 peak of 2.1760, 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 107,579 NIO

2023 Average 99,156 NIO

Yearly Trough Low 95,249 NIO

Transaction Impact: A difference of 12,329.99 NIO purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

2.1115

1.9175

JanuMarcMayJulySeptNove

ZAR to NIO 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 1.9643, compared to 2.0516 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0873 points.

H1 Avg (Jan–Jun) 1.9643

H2 Avg (Jul–Dec) 2.0516

Volatility Range Comparison

Volatility

The most volatile month in 2024 was December, with a trading range of 0.1290 NIO (High: 2.0762 / Low: 1.9473). On the other end, October was the most stable month, with a tight range of 0.0571 NIO (High: 2.1245 / Low: 2.0674).

December Spread (Volatile) ±0.1290

October Spread (Stable) ±0.0571

Growth Streaks & Declines

Trends

Between April and October, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 6 straight months. Conversely, the sharpest month-over-month decline occurred between October and November, when the average rate fell by 0.0462 points.

Longest Streak 6 Mo.

Sharpest MoM Drop -0.0462

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2024: 2.0923) against the same month in 2023 (average: 1.9287), the exchange rate shifted by +0.1636 (+8.48%).

2024 Avg (September) 2.0923

2023 Avg (September) 1.9287

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.0028	1.9082	1.9548
February	1.9784	1.9050	1.9337
March	1.9824	1.9226	1.9506
April	1.9944	1.9139	1.9493
May	2.0346	1.9553	1.9979
June	2.0519	1.9380	1.9997
July	2.0474	1.9784	2.0189
August	2.0800	1.9658	2.0371
September	2.1516	2.0488	2.0923
October	2.1245	2.0674	2.0953
November	2.1258	2.0106	2.0491
December	2.0762	1.9473	2.0172