2018 ZAR to TOP Historical Review

YEARLY HIGH

0.1916 TOP

YEARLY LOW

0.1499 TOP

YEARLY AVERAGE

0.1726 TOP

2018 ZAR to TOP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2018

During 2018, the ZAR to TOP exchange rate experienced significant fluctuation. The market reached its absolute peak on February 25, valuing the pair at 0.1916. Conversely, the yearly low was recorded on September 5, dropping to 0.1499.

This high-to-low spread represents a total annual volatility of 0.0417 TOP. From a start-to-finish perspective, comparing the January average rate of 0.1844 to the December average rate of 0.1594, the exchange rate registered a net change of -13.53% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2018 high of 0.1916 was up 3.10% compared to the 2017 peak of 0.1859, 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 9,581 TOP

2017 Average 8,521 TOP

Yearly Trough Low 7,494 TOP

Transaction Impact: A difference of 2,086.83 TOP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2018.

0.1908

0.1538

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 0.1827, compared to 0.1625 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0201 points.

H1 Avg (Jan–Jun) 0.1827

H2 Avg (Jul–Dec) 0.1625

Volatility Range Comparison

Volatility

The most volatile month in 2018 was August, with a trading range of 0.0176 TOP (High: 0.1747 / Low: 0.1571). On the other end, March was the most stable month, with a tight range of 0.0073 TOP (High: 0.1912 / Low: 0.1839).

August Spread (Volatile) ±0.0176

March Spread (Stable) ±0.0073

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 May and June, when the average rate fell by 0.0088 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0088

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2018: 0.1874) against the same month in 2017 (average: 0.1715), the exchange rate shifted by +0.0159 (+9.25%).

2018 Avg (February) 0.1874

2017 Avg (February) 0.1715

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1891	0.1814	0.1844
February	0.1916	0.1816	0.1874
March	0.1912	0.1839	0.1877
April	0.1884	0.1792	0.1838
May	0.1846	0.1761	0.1807
June	0.1810	0.1658	0.1720
July	0.1761	0.1667	0.1729
August	0.1747	0.1571	0.1646
September	0.1637	0.1499	0.1569
October	0.1626	0.1551	0.1585
November	0.1675	0.1585	0.1629
December	0.1672	0.1544	0.1594