2024 ZAR to NZD Historical Review

YEARLY HIGH

0.0975 NZD

YEARLY LOW

0.0836 NZD

YEARLY AVERAGE

0.0903 NZD

2024 ZAR to NZD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the ZAR to NZD exchange rate experienced significant fluctuation. The market reached its absolute peak on December 11, valuing the pair at 0.0975. Conversely, the yearly low was recorded on February 24, dropping to 0.0836.

This high-to-low spread represents a total annual volatility of 0.0139 NZD. From a start-to-finish perspective, comparing the January average rate of 0.0864 to the December average rate of 0.0956, the exchange rate registered a net change of 10.63% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.0975 was up 3.48% compared to the 2023 peak of 0.0942, 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 4,876 NZD

2023 Average 4,417 NZD

Yearly Trough Low 4,181 NZD

Transaction Impact: A difference of 694.37 NZD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.0965

0.0848

JanuMarcMayJulySeptNove

ZAR to NZD 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 0.0878, compared to 0.0928 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0050 points.

H1 Avg (Jan–Jun) 0.0878

H2 Avg (Jul–Dec) 0.0928

Volatility Range Comparison

Volatility

The most volatile month in 2024 was June, with a trading range of 0.0059 NZD (High: 0.0910 / Low: 0.0851). On the other end, January was the most stable month, with a tight range of 0.0021 NZD (High: 0.0876 / Low: 0.0855).

June Spread (Volatile) ±0.0059

January Spread (Stable) ±0.0021

Growth Streaks & Declines

Trends

Between June and December, 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 May and June, when the average rate fell by 0.0009 points.

Longest Streak 6 Mo.

Sharpest MoM Drop -0.0009

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2024: 0.0956) against the same month in 2023 (average: 0.0863), the exchange rate shifted by +0.0092 (+10.68%).

2024 Avg (December) 0.0956

2023 Avg (December) 0.0863

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0876	0.0855	0.0864
February	0.0876	0.0836	0.0858
March	0.0894	0.0858	0.0873
April	0.0905	0.0876	0.0889
May	0.0909	0.0865	0.0895
June	0.0910	0.0851	0.0886
July	0.0929	0.0884	0.0910
August	0.0929	0.0890	0.0910
September	0.0925	0.0897	0.0913
October	0.0951	0.0915	0.0937
November	0.0960	0.0921	0.0943
December	0.0975	0.0935	0.0956