2023 ZAR to UAH Historical Review

YEARLY HIGH

2.1947 UAH

YEARLY LOW

1.8664 UAH

YEARLY AVERAGE

1.9967 UAH

2023 ZAR to UAH Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the ZAR to UAH exchange rate experienced significant fluctuation. The market reached its absolute peak on January 12, valuing the pair at 2.1947. Conversely, the yearly low was recorded on May 25, dropping to 1.8664.

This high-to-low spread represents a total annual volatility of 0.3283 UAH. From a start-to-finish perspective, comparing the January average rate of 2.1527 to the December average rate of 2.0008, the exchange rate registered a net change of -7.06% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 2.1947 was down 3.90% compared to the 2022 peak of 2.2839, 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 109,734 UAH

2022 Average 99,451 UAH

Yearly Trough Low 93,320 UAH

Transaction Impact: A difference of 16,413.56 UAH purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

2.1762

1.8946

JanuMarcMayJulySeptNove

ZAR to UAH 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 2.0260, compared to 1.9674 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0586 points.

H1 Avg (Jan–Jun) 2.0260

H2 Avg (Jul–Dec) 1.9674

Volatility Range Comparison

Volatility

The most volatile month in 2023 was February, with a trading range of 0.1729 UAH (High: 2.1666 / Low: 1.9937). On the other end, September was the most stable month, with a tight range of 0.0477 UAH (High: 1.9691 / Low: 1.9214).

February Spread (Volatile) ±0.1729

September Spread (Stable) ±0.0477

Growth Streaks & Declines

Trends

Between May and July, 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 January and February, when the average rate fell by 0.0985 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0985

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 2.1527) against the same month in 2022 (average: 1.8066), the exchange rate shifted by +0.3461 (+19.16%).

2023 Avg (January) 2.1527

2022 Avg (January) 1.8066

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.1947	2.1112	2.1527
February	2.1666	1.9937	2.0543
March	2.0762	1.9387	2.0169
April	2.0652	1.9887	2.0270
May	2.0183	1.8664	1.9330
June	2.0312	1.8812	1.9719
July	2.1043	1.9321	2.0240
August	2.0213	1.9255	1.9658
September	1.9691	1.9214	1.9466
October	1.9591	1.8712	1.9181
November	1.9924	1.9084	1.9491
December	2.0822	1.9347	2.0008