2024 ZAR to SEK Historical Review

YEARLY HIGH

0.6195 SEK

YEARLY LOW

0.5336 SEK

YEARLY AVERAGE

0.5772 SEK

2024 ZAR to SEK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the ZAR to SEK exchange rate experienced significant fluctuation. The market reached its absolute peak on December 11, valuing the pair at 0.6195. Conversely, the yearly low was recorded on February 26, dropping to 0.5336.

This high-to-low spread represents a total annual volatility of 0.0859 SEK. From a start-to-finish perspective, comparing the January average rate of 0.5518 to the December average rate of 0.6029, the exchange rate registered a net change of 9.26% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.6195 was down 0.51% compared to the 2023 peak of 0.6226, 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 30,974 SEK

2023 Average 28,774 SEK

Yearly Trough Low 26,681 SEK

Transaction Impact: A difference of 4,292.64 SEK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.6120

0.5430

JanuMarcMayJulySeptNove

ZAR to SEK 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 0.5636, compared to 0.5909 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0273 points.

H1 Avg (Jan–Jun) 0.5636

H2 Avg (Jul–Dec) 0.5909

Volatility Range Comparison

Volatility

The most volatile month in 2024 was June, with a trading range of 0.0379 SEK (High: 0.5857 / Low: 0.5478). On the other end, January was the most stable month, with a tight range of 0.0126 SEK (High: 0.5576 / Low: 0.5451).

June Spread (Volatile) ±0.0379

January Spread (Stable) ±0.0126

Growth Streaks & Declines

Trends

Between February and May, 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 May and June, when the average rate fell by 0.0127 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0127

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2024: 0.6029) against the same month in 2023 (average: 0.5508), the exchange rate shifted by +0.0521 (+9.45%).

2024 Avg (December) 0.6029

2023 Avg (December) 0.5508

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.5576	0.5451	0.5518
February	0.5595	0.5336	0.5487
March	0.5687	0.5407	0.5529
April	0.5867	0.5656	0.5730
May	0.5929	0.5603	0.5839
June	0.5857	0.5478	0.5711
July	0.5938	0.5678	0.5833
August	0.5867	0.5617	0.5754
September	0.5898	0.5735	0.5811
October	0.6051	0.5872	0.5962
November	0.6177	0.5939	0.6063
December	0.6195	0.5858	0.6029