2019 ZAR to TOP Historical Review

YEARLY HIGH

0.1695 TOP

YEARLY LOW

0.1496 TOP

YEARLY AVERAGE

0.1587 TOP

2019 ZAR to TOP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2019

During 2019, the ZAR to TOP exchange rate experienced significant fluctuation. The market reached its absolute peak on January 31, valuing the pair at 0.1695. Conversely, the yearly low was recorded on August 19, dropping to 0.1496.

This high-to-low spread represents a total annual volatility of 0.0200 TOP. From a start-to-finish perspective, comparing the January average rate of 0.1639 to the December average rate of 0.1598, the exchange rate registered a net change of -2.51% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2019 high of 0.1695 was down 11.52% compared to the 2018 peak of 0.1916, 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 8,477 TOP

2018 Average 8,626 TOP

Yearly Trough Low 7,479 TOP

Transaction Impact: A difference of 998.02 TOP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2019.

0.1651

0.1512

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 0.1602, compared to 0.1571 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0031 points.

H1 Avg (Jan–Jun) 0.1602

H2 Avg (Jul–Dec) 0.1571

Volatility Range Comparison

Volatility

The most volatile month in 2019 was January, with a trading range of 0.0138 TOP (High: 0.1695 / Low: 0.1557). On the other end, July was the most stable month, with a tight range of 0.0042 TOP (High: 0.1639 / Low: 0.1597).

January Spread (Volatile) ±0.0138

July Spread (Stable) ±0.0042

Growth Streaks & Declines

Trends

Between August and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between July and August, when the average rate fell by 0.0096 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0096

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2019: 0.1639) against the same month in 2018 (average: 0.1844), the exchange rate shifted by -0.0204 (-11.07%).

2019 Avg (January) 0.1639

2018 Avg (January) 0.1844

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1695	0.1557	0.1639
February	0.1685	0.1600	0.1636
March	0.1596	0.1544	0.1572
April	0.1630	0.1555	0.1604
May	0.1614	0.1553	0.1590
June	0.1617	0.1522	0.1571
July	0.1639	0.1597	0.1620
August	0.1572	0.1496	0.1524
September	0.1586	0.1517	0.1559
October	0.1594	0.1519	0.1561
November	0.1584	0.1542	0.1566
December	0.1631	0.1558	0.1598