2024 ZAR to PEN Historical Review

YEARLY HIGH

0.2190 PEN

YEARLY LOW

0.1924 PEN

YEARLY AVERAGE

0.2049 PEN

2024 ZAR to PEN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the ZAR to PEN exchange rate experienced significant fluctuation. The market reached its absolute peak on September 27, valuing the pair at 0.2190. Conversely, the yearly low was recorded on April 22, dropping to 0.1924.

This high-to-low spread represents a total annual volatility of 0.0267 PEN. From a start-to-finish perspective, comparing the January average rate of 0.1990 to the December average rate of 0.2046, the exchange rate registered a net change of 2.83% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.2190 was down 3.59% compared to the 2023 peak of 0.2272, 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 10,952 PEN

2023 Average 10,147 PEN

Yearly Trough Low 9,618 PEN

Transaction Impact: A difference of 1,334.02 PEN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.2160

0.1950

JanuMarcMayJulySeptNove

ZAR to PEN 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 0.2004, compared to 0.2094 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0090 points.

H1 Avg (Jan–Jun) 0.2004

H2 Avg (Jul–Dec) 0.2094

Volatility Range Comparison

Volatility

The most volatile month in 2024 was June, with a trading range of 0.0154 PEN (High: 0.2126 / Low: 0.1972). On the other end, October was the most stable month, with a tight range of 0.0039 PEN (High: 0.2151 / Low: 0.2112).

June Spread (Volatile) ±0.0154

October Spread (Stable) ±0.0039

Growth Streaks & Declines

Trends

Between April and September, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 0.0059 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0059

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2024: 0.2143) against the same month in 2023 (average: 0.1964), the exchange rate shifted by +0.0179 (+9.13%).

2024 Avg (September) 0.2143

2023 Avg (September) 0.1964

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.2039	0.1948	0.1990
February	0.2053	0.1961	0.2013
March	0.2001	0.1927	0.1970
April	0.2007	0.1924	0.1968
May	0.2067	0.1985	0.2027
June	0.2126	0.1972	0.2056
July	0.2104	0.2027	0.2065
August	0.2116	0.1992	0.2068
September	0.2190	0.2099	0.2143
October	0.2151	0.2112	0.2135
November	0.2178	0.2070	0.2106
December	0.2097	0.1972	0.2046