2024 ZAR to UAH Historical Review

YEARLY HIGH

2.4068 UAH

YEARLY LOW

1.9475 UAH

YEARLY AVERAGE

2.1946 UAH

2024 ZAR to UAH Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the ZAR to UAH exchange rate experienced significant fluctuation. The market reached its absolute peak on September 29, valuing the pair at 2.4068. Conversely, the yearly low was recorded on January 22, dropping to 1.9475.

This high-to-low spread represents a total annual volatility of 0.4593 UAH. From a start-to-finish perspective, comparing the January average rate of 2.0185 to the December average rate of 2.2907, the exchange rate registered a net change of 13.49% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 2.4068 was up 9.67% compared to the 2023 peak of 2.1947, 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 120,340 UAH

2023 Average 99,823 UAH

Yearly Trough Low 97,374 UAH

Transaction Impact: A difference of 22,966.46 UAH purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

2.3839

1.9623

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 2.0856, compared to 2.3035 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.2179 points.

H1 Avg (Jan–Jun) 2.0856

H2 Avg (Jul–Dec) 2.3035

Volatility Range Comparison

Volatility

The most volatile month in 2024 was June, with a trading range of 0.1472 UAH (High: 2.2608 / Low: 2.1136). On the other end, October was the most stable month, with a tight range of 0.0589 UAH (High: 2.3772 / Low: 2.3182).

June Spread (Volatile) ±0.1472

October Spread (Stable) ±0.0589

Growth Streaks & Declines

Trends

Between February and October, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 8 straight months. Conversely, the sharpest month-over-month decline occurred between October and November, when the average rate fell by 0.0431 points.

Longest Streak 8 Mo.

Sharpest MoM Drop -0.0431

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2024: 2.3461) against the same month in 2023 (average: 1.9466), the exchange rate shifted by +0.3995 (+20.52%).

2024 Avg (September) 2.3461

2023 Avg (September) 1.9466

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.0806	1.9475	2.0185
February	2.0438	1.9677	1.9974
March	2.0942	1.9930	2.0532
April	2.1277	2.0559	2.0852
May	2.2151	2.1168	2.1586
June	2.2608	2.1136	2.2006
July	2.2890	2.1915	2.2497
August	2.3369	2.1970	2.2801
September	2.4068	2.2958	2.3461
October	2.3772	2.3182	2.3488
November	2.3885	2.2545	2.3057
December	2.3562	2.2208	2.2907