2023 ZAR to PYG Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 ZAR to PYG Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the ZAR to PYG exchange rate experienced significant fluctuation. The market reached its absolute peak on January 12, valuing the pair at 440.6937. Conversely, the yearly low was recorded on May 31, dropping to 365.6439.
This high-to-low spread represents a total annual volatility of 75.0498 PYG. From a start-to-finish perspective, comparing the January average rate of 431.9726 to the December average rate of 395.7425, the exchange rate registered a net change of -8.39% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2023 high of 440.6937 was down 8.19% compared to the 2022 peak of 480.0278, indicating shifts in long-term support levels.
Comparing the value generated converting 50,000 ZAR based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
ZAR to PYG Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 398.5807, compared to 392.3620 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 6.2188 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was February, with a trading range of 35.2016 PYG (High: 430.9071 / Low: 395.7055). On the other end, September was the most stable month, with a tight range of 10.4999 PYG (High: 388.1587 / Low: 377.6589).
Growth Streaks & Declines
TrendsBetween May and July, 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 24.4456 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (January 2023: 431.9726) against the same month in 2022 (average: 449.4441), the exchange rate shifted by -17.4715 (-3.89%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 440.6937 | 424.3491 | 431.9726 |
| February | 430.9071 | 395.7055 | 407.5270 |
| March | 403.2253 | 378.5280 | 393.4860 |
| April | 402.8131 | 387.8265 | 394.1177 |
| May | 393.0913 | 365.6439 | 377.2501 |
| June | 398.7137 | 370.4664 | 387.1311 |
| July | 414.3353 | 379.4943 | 398.9910 |
| August | 398.1363 | 378.2521 | 387.2351 |
| September | 388.1587 | 377.6589 | 383.5969 |
| October | 400.6127 | 373.4621 | 387.3589 |
| November | 410.0749 | 393.7871 | 401.2476 |
| December | 402.8288 | 385.5994 | 395.7425 |