2023 ZAR to SBD Historical Review

YEARLY HIGH

0.4954 SBD

YEARLY LOW

0.4209 SBD

YEARLY AVERAGE

0.4528 SBD

2023 ZAR to SBD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the ZAR to SBD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 12, valuing the pair at 0.4954. Conversely, the yearly low was recorded on May 25, dropping to 0.4209.

This high-to-low spread represents a total annual volatility of 0.0745 SBD. From a start-to-finish perspective, comparing the January average rate of 0.4840 to the December average rate of 0.4549, the exchange rate registered a net change of -6.02% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.4954 was down 10.41% compared to the 2022 peak of 0.5530, 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 24,772 SBD

2022 Average 24,945 SBD

Yearly Trough Low 21,046 SBD

Transaction Impact: A difference of 3,725.20 SBD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.4888

0.4314

JanuMarcMayJulySeptNove

ZAR to SBD 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 0.4553, compared to 0.4502 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0051 points.

H1 Avg (Jan–Jun) 0.4553

H2 Avg (Jul–Dec) 0.4502

Volatility Range Comparison

Volatility

The most volatile month in 2023 was July, with a trading range of 0.0396 SBD (High: 0.4771 / Low: 0.4375). On the other end, September was the most stable month, with a tight range of 0.0127 SBD (High: 0.4485 / Low: 0.4359).

July Spread (Volatile) ±0.0396

September Spread (Stable) ±0.0127

Growth Streaks & Declines

Trends

Between 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 0.0245 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0245

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.4840) against the same month in 2022 (average: 0.5211), the exchange rate shifted by -0.0371 (-7.11%).

2023 Avg (January) 0.4840

2022 Avg (January) 0.5211

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.4954	0.4720	0.4840
February	0.4837	0.4470	0.4595
March	0.4629	0.4366	0.4505
April	0.4643	0.4475	0.4565
May	0.4552	0.4209	0.4362
June	0.4584	0.4247	0.4451
July	0.4771	0.4375	0.4596
August	0.4579	0.4369	0.4456
September	0.4485	0.4359	0.4429
October	0.4522	0.4325	0.4431
November	0.4629	0.4465	0.4552
December	0.4623	0.4431	0.4549