2023 ZAR to WST Historical Review

YEARLY HIGH

0.1611 WST

YEARLY LOW

0.1378 WST

YEARLY AVERAGE

0.1482 WST

2023 ZAR to WST Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the ZAR to WST exchange rate experienced significant fluctuation. The market reached its absolute peak on January 12, valuing the pair at 0.1611. Conversely, the yearly low was recorded on May 25, dropping to 0.1378.

This high-to-low spread represents a total annual volatility of 0.0233 WST. From a start-to-finish perspective, comparing the January average rate of 0.1580 to the December average rate of 0.1506, the exchange rate registered a net change of -4.68% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.1611 was down 10.31% compared to the 2022 peak of 0.1796, 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 8,055 WST

2022 Average 8,191 WST

Yearly Trough Low 6,889 WST

Transaction Impact: A difference of 1,166.09 WST purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.1595

0.1413

JanuMarcMayJulySeptNove

ZAR to WST 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 0.1491, compared to 0.1473 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0018 points.

H1 Avg (Jan–Jun) 0.1491

H2 Avg (Jul–Dec) 0.1473

Volatility Range Comparison

Volatility

The most volatile month in 2023 was July, with a trading range of 0.0127 WST (High: 0.1553 / Low: 0.1426). On the other end, September was the most stable month, with a tight range of 0.0035 WST (High: 0.1450 / Low: 0.1415).

July Spread (Volatile) ±0.0127

September Spread (Stable) ±0.0035

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 0.0074 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0074

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.1580) against the same month in 2022 (average: 0.1678), the exchange rate shifted by -0.0099 (-5.88%).

2023 Avg (January) 0.1580

2022 Avg (January) 0.1678

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1611	0.1550	0.1580
February	0.1583	0.1464	0.1506
March	0.1532	0.1436	0.1477
April	0.1532	0.1473	0.1501
May	0.1490	0.1378	0.1428
June	0.1499	0.1389	0.1455
July	0.1553	0.1426	0.1497
August	0.1487	0.1417	0.1448
September	0.1450	0.1415	0.1433
October	0.1501	0.1393	0.1445
November	0.1539	0.1483	0.1511
December	0.1533	0.1467	0.1506