YEARLY HIGH
0.4821 TRY
YEARLY LOW
0.3023 TRY
YEARLY AVERAGE
0.3629 TRY

2018 ZAR to TRY Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2018

During 2018, the ZAR to TRY exchange rate experienced significant fluctuation. The market reached its absolute peak on August 13, valuing the pair at 0.4821. Conversely, the yearly low was recorded on January 8, dropping to 0.3023.

This high-to-low spread represents a total annual volatility of 0.1798 TRY. From a start-to-finish perspective, comparing the January average rate of 0.3094 to the December average rate of 0.3717, the exchange rate registered a net change of 20.13% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2018 high of 0.4821 was up 54.99% compared to the 2017 peak of 0.3110, 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 24,105 TRY
2017 Average 13,707 TRY
Yearly Trough Low 15,114 TRY
Transaction Impact: A difference of 8,991.24 TRY purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2018.

0.4405
0.2975
JanuMarcMayJulySeptNove

ZAR to TRY 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 0.3327, compared to 0.3932 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0605 points.

H1 Avg (Jan–Jun) 0.3327
H2 Avg (Jul–Dec) 0.3932

Volatility Range Comparison

Volatility

The most volatile month in 2018 was August, with a trading range of 0.1052 TRY (High: 0.4821 / Low: 0.3769). On the other end, November was the most stable month, with a tight range of 0.0106 TRY (High: 0.3866 / Low: 0.3760).

August Spread (Volatile) ±0.1052
November Spread (Stable) ±0.0106

Growth Streaks & Declines

Trends

Between January and May, 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 September and October, when the average rate fell by 0.0287 points.

Longest Streak 4 Mo.
Sharpest MoM Drop -0.0287

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2018: 0.4220) against the same month in 2017 (average: 0.2648), the exchange rate shifted by +0.1572 (+59.34%).

2018 Avg (August) 0.4220
2017 Avg (August) 0.2648

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 0.3169 0.3023 0.3094
February 0.3283 0.3118 0.3203
March 0.3416 0.3193 0.3287
April 0.3463 0.3261 0.3357
May 0.3828 0.3242 0.3534
June 0.3666 0.3331 0.3484
July 0.3714 0.3334 0.3566
August 0.4821 0.3769 0.4220
September 0.4471 0.4122 0.4286
October 0.4191 0.3745 0.3998
November 0.3866 0.3760 0.3805
December 0.3895 0.3616 0.3717