2023 ZAR to RUB Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 ZAR to RUB Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the ZAR to RUB exchange rate experienced significant fluctuation. The market reached its absolute peak on October 11, valuing the pair at 5.3226. Conversely, the yearly low was recorded on January 15, dropping to 3.9211.
This high-to-low spread represents a total annual volatility of 1.4015 RUB. From a start-to-finish perspective, comparing the January average rate of 4.0974 to the December average rate of 4.8972, the exchange rate registered a net change of 19.52% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 5.3226 was down 42.73% compared to the 2022 peak of 9.2933, 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 RUB 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 4.2397, compared to 5.0108 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.7711 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was June, with a trading range of 0.5921 RUB (High: 4.7197 / Low: 4.1275). On the other end, February was the most stable month, with a tight range of 0.1065 RUB (High: 4.1509 / Low: 4.0444).
Growth Streaks & Declines
TrendsBetween January and April, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between April and May, when the average rate fell by 0.3126 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (October 2023: 5.0991) against the same month in 2022 (average: 3.4146), the exchange rate shifted by +1.6845 (+49.33%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 4.3380 | 3.9211 | 4.0974 |
| February | 4.1509 | 4.0444 | 4.1015 |
| March | 4.3569 | 4.0766 | 4.1794 |
| April | 4.5368 | 4.3569 | 4.4589 |
| May | 4.3852 | 4.0000 | 4.1463 |
| June | 4.7197 | 4.1275 | 4.4547 |
| July | 5.2228 | 4.6697 | 4.9782 |
| August | 5.2796 | 4.9256 | 5.1025 |
| September | 5.1789 | 5.0078 | 5.1002 |
| October | 5.3226 | 4.8850 | 5.0991 |
| November | 5.0983 | 4.6819 | 4.8877 |
| December | 5.0872 | 4.7570 | 4.8972 |