2023 ZAR to XCD Historical Review

YEARLY HIGH

0.1614 XCD

YEARLY LOW

0.1366 XCD

YEARLY AVERAGE

0.1466 XCD

2023 ZAR to XCD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the ZAR to XCD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 12, valuing the pair at 0.1614. Conversely, the yearly low was recorded on May 25, dropping to 0.1366.

This high-to-low spread represents a total annual volatility of 0.0248 XCD. From a start-to-finish perspective, comparing the January average rate of 0.1583 to the December average rate of 0.1454, the exchange rate registered a net change of -8.16% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.1614 was down 13.43% compared to the 2022 peak of 0.1864, 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 8,070 XCD

2022 Average 8,288 XCD

Yearly Trough Low 6,830 XCD

Transaction Impact: A difference of 1,239.05 XCD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.1599

0.1399

JanuMarcMayJulySeptNove

ZAR to XCD 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 0.1486, compared to 0.1447 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0039 points.

H1 Avg (Jan–Jun) 0.1486

H2 Avg (Jul–Dec) 0.1447

Volatility Range Comparison

Volatility

The most volatile month in 2023 was July, with a trading range of 0.0126 XCD (High: 0.1539 / Low: 0.1414). On the other end, September was the most stable month, with a tight range of 0.0035 XCD (High: 0.1442 / Low: 0.1406).

July Spread (Volatile) ±0.0126

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: 0.1583) against the same month in 2022 (average: 0.1744), the exchange rate shifted by -0.0161 (-9.24%).

2023 Avg (January) 0.1583

2022 Avg (January) 0.1744

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1614	0.1553	0.1583
February	0.1585	0.1467	0.1508
March	0.1520	0.1439	0.1479
April	0.1519	0.1460	0.1488
May	0.1477	0.1366	0.1416
June	0.1486	0.1377	0.1443
July	0.1539	0.1414	0.1485
August	0.1479	0.1409	0.1439
September	0.1442	0.1406	0.1425
October	0.1449	0.1385	0.1420
November	0.1486	0.1431	0.1458
December	0.1480	0.1416	0.1454