2023 ZAR to SLL Historical Review

YEARLY HIGH

1189.6522 SLL

YEARLY LOW

892.9384 SLL

YEARLY AVERAGE

1033.8793 SLL

2023 ZAR to SLL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the ZAR to SLL exchange rate experienced significant fluctuation. The market reached its absolute peak on July 28, valuing the pair at 1189.6522. Conversely, the yearly low was recorded on May 25, dropping to 892.9384.

This high-to-low spread represents a total annual volatility of 296.7138 SLL. From a start-to-finish perspective, comparing the January average rate of 1034.5181 to the December average rate of 1127.7945, the exchange rate registered a net change of 9.02% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 1189.6522 was up 14.05% compared to the 2022 peak of 1043.0629, 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 59,482,611 SLL

2022 Average 41,755,446 SLL

Yearly Trough Low 44,646,919 SLL

Transaction Impact: A difference of 14,835,691.85 SLL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

1151.9834

904.8547

JanuMarcMayJulySeptNove

ZAR to SLL 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 971.4464, compared to 1096.3123 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 124.8659 points.

H1 Avg (Jan–Jun) 971.4464

H2 Avg (Jul–Dec) 1096.3123

Volatility Range Comparison

Volatility

The most volatile month in 2023 was July, with a trading range of 265.6486 SLL (High: 1189.6522 / Low: 924.0036). On the other end, September was the most stable month, with a tight range of 27.3831 SLL (High: 1118.6437 / Low: 1091.2606).

July Spread (Volatile) ±265.6486

September Spread (Stable) ±27.3831

Growth Streaks & Declines

Trends

Between May and August, 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 January and February, when the average rate fell by 48.6010 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -48.6010

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2023: 994.5624) against the same month in 2022 (average: 804.4541), the exchange rate shifted by +190.1083 (+23.63%).

2023 Avg (July) 994.5624

2022 Avg (July) 804.4541

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1054.9175	1014.9907	1034.5181
February	1036.3257	958.8401	985.9171
March	993.3393	940.4518	966.9957
April	992.7585	954.4565	972.5512
May	965.5855	892.9384	925.4487
June	971.5969	900.1090	943.2472
July	1189.6522	924.0036	994.5624
August	1147.2284	1092.9740	1116.5877
September	1118.6437	1091.2606	1105.6547
October	1124.3543	1074.6259	1101.8850
November	1152.8132	1110.3748	1131.3894
December	1148.3499	1098.9382	1127.7945