2023 ZAR to UZS Historical Review

YEARLY HIGH

677.9387 UZS

YEARLY LOW

577.7262 UZS

YEARLY AVERAGE

636.4943 UZS

2023 ZAR to UZS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the ZAR to UZS exchange rate experienced significant fluctuation. The market reached its absolute peak on December 17, valuing the pair at 677.9387. Conversely, the yearly low was recorded on May 25, dropping to 577.7262.

This high-to-low spread represents a total annual volatility of 100.2125 UZS. From a start-to-finish perspective, comparing the January average rate of 661.9745 to the December average rate of 664.4424, the exchange rate registered a net change of 0.37% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 677.9387 was down 14.50% compared to the 2022 peak of 792.8907, 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 33,896,936 UZS

2022 Average 33,892,348 UZS

Yearly Trough Low 28,886,310 UZS

Transaction Impact: A difference of 5,010,625.24 UZS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

670.9429

592.9374

JanuMarcMayJulySeptNove

ZAR to UZS 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 626.2633, compared to 646.7253 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 20.4620 points.

H1 Avg (Jan–Jun) 626.2633

H2 Avg (Jul–Dec) 646.7253

Volatility Range Comparison

Volatility

The most volatile month in 2023 was July, with a trading range of 59.5426 UZS (High: 661.5355 / Low: 601.9929). On the other end, September was the most stable month, with a tight range of 18.2360 UZS (High: 650.5265 / Low: 632.2905).

July Spread (Volatile) ±59.5426

September Spread (Stable) ±18.2360

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 January and February, when the average rate fell by 29.1867 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -29.1867

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 664.4424) against the same month in 2022 (average: 650.9136), the exchange rate shifted by +13.5288 (+2.08%).

2023 Avg (December) 664.4424

2022 Avg (December) 650.9136

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	675.4147	647.5245	661.9745
February	661.7077	615.7206	632.7879
March	643.0664	597.1059	623.0685
April	641.5136	616.2373	627.9613
May	626.4144	577.7262	599.4379
June	631.6089	581.1343	612.3497
July	661.5355	601.9929	635.9077
August	653.9097	614.4438	634.5112
September	650.5265	632.2905	641.4777
October	655.9917	626.2395	641.8731
November	675.8884	650.3672	662.1394
December	677.9387	646.3224	664.4424