2024 ZAR to SCR Historical Review

YEARLY HIGH

0.8572 SCR

YEARLY LOW

0.6841 SCR

YEARLY AVERAGE

0.7464 SCR

2024 ZAR to SCR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the ZAR to SCR exchange rate experienced significant fluctuation. The market reached its absolute peak on October 14, valuing the pair at 0.8572. Conversely, the yearly low was recorded on January 17, dropping to 0.6841.

This high-to-low spread represents a total annual volatility of 0.1731 SCR. From a start-to-finish perspective, comparing the January average rate of 0.7138 to the December average rate of 0.7743, the exchange rate registered a net change of 8.47% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.8572 was up 3.74% compared to the 2023 peak of 0.8263, 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 42,861 SCR

2023 Average 36,466 SCR

Yearly Trough Low 34,206 SCR

Transaction Impact: A difference of 8,654.87 SCR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.7879

0.7003

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 0.7258, compared to 0.7671 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0413 points.

H1 Avg (Jan–Jun) 0.7258

H2 Avg (Jul–Dec) 0.7671

Volatility Range Comparison

Volatility

The most volatile month in 2024 was October, with a trading range of 0.1164 SCR (High: 0.8572 / Low: 0.7408). On the other end, May was the most stable month, with a tight range of 0.0407 SCR (High: 0.7630 / Low: 0.7223).

October Spread (Volatile) ±0.1164

May Spread (Stable) ±0.0407

Growth Streaks & Declines

Trends

Between April and October, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 6 straight months. Conversely, the sharpest month-over-month decline occurred between October and November, when the average rate fell by 0.0148 points.

Longest Streak 6 Mo.

Sharpest MoM Drop -0.0148

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2024: 0.7806) against the same month in 2023 (average: 0.7004), the exchange rate shifted by +0.0802 (+11.45%).

2024 Avg (October) 0.7806

2023 Avg (October) 0.7004

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.7422	0.6841	0.7138
February	0.7321	0.6894	0.7076
March	0.7626	0.7043	0.7209
April	0.7505	0.7061	0.7197
May	0.7630	0.7223	0.7419
June	0.8152	0.7198	0.7508
July	0.7778	0.7260	0.7569
August	0.8183	0.7165	0.7604
September	0.8081	0.7409	0.7645
October	0.8572	0.7408	0.7806
November	0.7999	0.7431	0.7658
December	0.8451	0.7335	0.7743