2023 ZAR to SCR Historical Review

YEARLY HIGH

0.8263 SCR

YEARLY LOW

0.6616 SCR

YEARLY AVERAGE

0.7295 SCR

2023 ZAR to SCR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the ZAR to SCR exchange rate experienced significant fluctuation. The market reached its absolute peak on February 1, valuing the pair at 0.8263. Conversely, the yearly low was recorded on October 7, dropping to 0.6616.

This high-to-low spread represents a total annual volatility of 0.1648 SCR. From a start-to-finish perspective, comparing the January average rate of 0.7931 to the December average rate of 0.7226, the exchange rate registered a net change of -8.90% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.8263 was down 16.91% compared to the 2022 peak of 0.9945, 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 41,317 SCR

2022 Average 41,643 SCR

Yearly Trough Low 33,079 SCR

Transaction Impact: A difference of 8,237.96 SCR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.8032

0.6829

JanuMarcMayJulySeptNove

ZAR to SCR 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 0.7451, compared to 0.7139 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0312 points.

H1 Avg (Jan–Jun) 0.7451

H2 Avg (Jul–Dec) 0.7139

Volatility Range Comparison

Volatility

The most volatile month in 2023 was February, with a trading range of 0.1192 SCR (High: 0.8263 / Low: 0.7071). On the other end, August was the most stable month, with a tight range of 0.0313 SCR (High: 0.7286 / Low: 0.6973).

February Spread (Volatile) ±0.1192

August Spread (Stable) ±0.0313

Growth Streaks & Declines

Trends

Between September and December, 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 0.0368 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0368

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2023: 0.7570) against the same month in 2022 (average: 0.8994), the exchange rate shifted by -0.1425 (-15.84%).

2023 Avg (February) 0.7570

2022 Avg (February) 0.8994

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.8246	0.7559	0.7931
February	0.8263	0.7071	0.7570
March	0.7828	0.7115	0.7370
April	0.7844	0.7105	0.7442
May	0.7566	0.6668	0.7074
June	0.7739	0.6851	0.7319
July	0.7891	0.6842	0.7344
August	0.7286	0.6973	0.7120
September	0.7252	0.6709	0.6929
October	0.7315	0.6616	0.7004
November	0.7497	0.6925	0.7208
December	0.7559	0.6814	0.7226