2023 ZAR to SRD Historical Review

YEARLY HIGH

2.1867 SRD

YEARLY LOW

1.8041 SRD

YEARLY AVERAGE

1.9825 SRD

2023 ZAR to SRD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the ZAR to SRD exchange rate experienced significant fluctuation. The market reached its absolute peak on July 25, valuing the pair at 2.1867. Conversely, the yearly low was recorded on February 15, dropping to 1.8041.

This high-to-low spread represents a total annual volatility of 0.3827 SRD. From a start-to-finish perspective, comparing the January average rate of 1.8632 to the December average rate of 2.0094, the exchange rate registered a net change of 7.85% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 2.1867 was up 16.41% compared to the 2022 peak of 1.8785, 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 109,337 SRD

2022 Average 73,657 SRD

Yearly Trough Low 90,203 SRD

Transaction Impact: A difference of 19,134.64 SRD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

2.1134

1.8048

JanuMarcMayJulySeptNove

ZAR to SRD 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 1.9303, compared to 2.0348 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1045 points.

H1 Avg (Jan–Jun) 1.9303

H2 Avg (Jul–Dec) 2.0348

Volatility Range Comparison

Volatility

The most volatile month in 2023 was July, with a trading range of 0.2200 SRD (High: 2.1867 / Low: 1.9667). On the other end, September was the most stable month, with a tight range of 0.0576 SRD (High: 2.0477 / Low: 1.9901).

July Spread (Volatile) ±0.2200

September Spread (Stable) ±0.0576

Growth Streaks & Declines

Trends

Between February and April, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between April and May, when the average rate fell by 0.0683 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0683

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2023: 2.0877) against the same month in 2022 (average: 1.3616), the exchange rate shifted by +0.7261 (+53.33%).

2023 Avg (July) 2.0877

2022 Avg (July) 1.3616

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.8933	1.8341	1.8632
February	1.9043	1.8041	1.8305
March	2.0286	1.8098	1.8937
April	2.0748	1.9695	2.0246
May	2.0495	1.8855	1.9564
June	2.0704	1.9105	2.0132
July	2.1867	1.9667	2.0877
August	2.1097	1.9912	2.0380
September	2.0477	1.9901	2.0194
October	2.0569	1.9557	2.0046
November	2.0948	2.0022	2.0495
December	2.0560	1.9644	2.0094