2024 ZAR to SOS Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 ZAR to SOS Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the ZAR to SOS exchange rate experienced significant fluctuation. The market reached its absolute peak on September 29, valuing the pair at 33.4042. Conversely, the yearly low was recorded on April 20, dropping to 29.5553.
This high-to-low spread represents a total annual volatility of 3.8489 SOS. From a start-to-finish perspective, comparing the January average rate of 30.4681 to the December average rate of 31.3302, the exchange rate registered a net change of 2.83% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2024 high of 33.4042 was down 1.67% compared to the 2023 peak of 33.9731, indicating shifts in long-term support levels.
Comparing the value generated converting 50,000 ZAR based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
ZAR to SOS Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 30.5255, compared to 31.8518 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 1.3263 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was December, with a trading range of 2.0186 SOS (High: 32.2619 / Low: 30.2433). On the other end, October was the most stable month, with a tight range of 0.8870 SOS (High: 32.9934 / Low: 32.1064).
Growth Streaks & Declines
TrendsBetween 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 0.6959 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (September 2024: 32.4872) against the same month in 2023 (average: 30.0606), the exchange rate shifted by +2.4266 (+8.07%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 31.2716 | 29.7377 | 30.4681 |
| February | 30.7303 | 29.5801 | 30.0598 |
| March | 30.7787 | 29.8515 | 30.2978 |
| April | 30.9732 | 29.5553 | 30.2556 |
| May | 31.6123 | 30.3799 | 31.0215 |
| June | 31.8632 | 30.0950 | 31.0502 |
| July | 31.7827 | 30.7159 | 31.3363 |
| August | 32.2678 | 30.4856 | 31.5895 |
| September | 33.4042 | 31.7922 | 32.4872 |
| October | 32.9934 | 32.1064 | 32.5317 |
| November | 33.0094 | 31.2581 | 31.8359 |
| December | 32.2619 | 30.2433 | 31.3302 |