2017 ZAR to TOP Historical Review

YEARLY HIGH

0.1859 TOP

YEARLY LOW

0.1566 TOP

YEARLY AVERAGE

0.1704 TOP

2017 ZAR to TOP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2017

During 2017, the ZAR to TOP exchange rate experienced significant fluctuation. The market reached its absolute peak on March 26, valuing the pair at 0.1859. Conversely, the yearly low was recorded on November 12, dropping to 0.1566.

This high-to-low spread represents a total annual volatility of 0.0293 TOP. From a start-to-finish perspective, comparing the January average rate of 0.1695 to the December average rate of 0.1750, the exchange rate registered a net change of 3.29% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2017 high of 0.1859 was up 9.41% compared to the 2016 peak of 0.1699, 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 9,293 TOP

2016 Average 7,683 TOP

Yearly Trough Low 7,829 TOP

Transaction Impact: A difference of 1,463.65 TOP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2017.

0.1786

0.1596

JanuMarcMayJulySeptNove

ZAR to TOP 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 0.1734, compared to 0.1674 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0059 points.

H1 Avg (Jan–Jun) 0.1734

H2 Avg (Jul–Dec) 0.1674

Volatility Range Comparison

Volatility

The most volatile month in 2017 was December, with a trading range of 0.0193 TOP (High: 0.1858 / Low: 0.1665). On the other end, January was the most stable month, with a tight range of 0.0056 TOP (High: 0.1730 / Low: 0.1674).

December Spread (Volatile) ±0.0193

January Spread (Stable) ±0.0056

Growth Streaks & Declines

Trends

Between January and March, 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 June and July, when the average rate fell by 0.0060 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0060

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2017: 0.1770) against the same month in 2016 (average: 0.1467), the exchange rate shifted by +0.0303 (+20.65%).

2017 Avg (March) 0.1770

2016 Avg (March) 0.1467

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1730	0.1674	0.1695
February	0.1755	0.1672	0.1715
March	0.1859	0.1704	0.1770
April	0.1772	0.1647	0.1710
May	0.1793	0.1700	0.1748
June	0.1809	0.1714	0.1765
July	0.1745	0.1661	0.1704
August	0.1719	0.1623	0.1665
September	0.1727	0.1639	0.1682
October	0.1692	0.1579	0.1634
November	0.1681	0.1566	0.1612
December	0.1858	0.1665	0.1750