2023 ZAR to XOF Historical Review

YEARLY HIGH

36.6265 XOF

YEARLY LOW

30.9145 XOF

YEARLY AVERAGE

32.8910 XOF

2023 ZAR to XOF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the ZAR to XOF exchange rate experienced significant fluctuation. The market reached its absolute peak on January 4, valuing the pair at 36.6265. Conversely, the yearly low was recorded on May 25, dropping to 30.9145.

This high-to-low spread represents a total annual volatility of 5.7120 XOF. From a start-to-finish perspective, comparing the January average rate of 35.6132 to the December average rate of 32.2963, the exchange rate registered a net change of -9.31% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 36.6265 was down 12.17% compared to the 2022 peak of 41.7037, 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 1,831,326 XOF

2022 Average 1,908,157 XOF

Yearly Trough Low 1,545,725 XOF

Transaction Impact: A difference of 285,601.52 XOF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

36.0165

31.1769

JanuMarcMayJulySeptNove

ZAR to XOF 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 33.3453, compared to 32.4368 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.9084 points.

H1 Avg (Jan–Jun) 33.3453

H2 Avg (Jul–Dec) 32.4368

Volatility Range Comparison

Volatility

The most volatile month in 2023 was July, with a trading range of 2.5351 XOF (High: 33.8152 / Low: 31.2801). On the other end, December was the most stable month, with a tight range of 1.1512 XOF (High: 32.8365 / Low: 31.6853).

July Spread (Volatile) ±2.5351

December Spread (Stable) ±1.1512

Growth Streaks & Declines

Trends

Between August and November, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 1.4095 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -1.4095

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 35.6132) against the same month in 2022 (average: 37.3872), the exchange rate shifted by -1.7740 (-4.74%).

2023 Avg (January) 35.6132

2022 Avg (January) 37.3872

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	36.6265	34.7030	35.6132
February	35.2084	33.5715	34.2037
March	34.0189	32.4086	33.5120
April	34.0548	32.1168	32.8660
May	32.5633	30.9145	31.5802
June	33.0334	31.0611	32.2963
July	33.8152	31.2801	32.5848
August	32.6523	31.4056	32.0157
September	32.9762	31.7697	32.3900
October	33.2481	31.8740	32.6230
November	33.5490	31.8813	32.7112
December	32.8365	31.6853	32.2963