2024 ZAR to SYP Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 ZAR to SYP Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the ZAR to SYP exchange rate experienced significant fluctuation. The market reached its absolute peak on December 22, valuing the pair at 710.3885. Conversely, the yearly low was recorded on February 25, dropping to 130.1189.
This high-to-low spread represents a total annual volatility of 580.2697 SYP. From a start-to-finish perspective, comparing the January average rate of 134.0092 to the December average rate of 337.3152, the exchange rate registered a net change of 151.71% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2024 high of 710.3885 was up 373.46% compared to the 2023 peak of 150.0431, 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 SYP 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 134.2400, compared to 173.3377 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 39.0977 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was December, with a trading range of 573.8903 SYP (High: 710.3885 / Low: 136.4982). On the other end, October was the most stable month, with a tight range of 3.5557 SYP (High: 144.7797 / Low: 141.2241).
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 3.0595 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2024: 337.3152) against the same month in 2023 (average: 135.1304), the exchange rate shifted by +202.1847 (+149.62%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 137.3136 | 130.8044 | 134.0092 |
| February | 135.2202 | 130.1189 | 132.1025 |
| March | 135.3150 | 131.6365 | 133.2501 |
| April | 136.1679 | 130.2179 | 133.0549 |
| May | 139.1013 | 133.6786 | 136.4855 |
| June | 140.0971 | 132.4705 | 136.5377 |
| July | 139.9430 | 135.0431 | 137.8409 |
| August | 141.8856 | 134.1438 | 139.1153 |
| September | 146.9187 | 139.8876 | 142.8359 |
| October | 144.7797 | 141.2241 | 142.9892 |
| November | 145.1952 | 137.4226 | 139.9297 |
| December | 710.3885 | 136.4982 | 337.3152 |