2023 ZAR to YER Historical Review

YEARLY HIGH

14.9474 YER

YEARLY LOW

12.6548 YER

YEARLY AVERAGE

13.5830 YER

2023 ZAR to YER Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the ZAR to YER exchange rate experienced significant fluctuation. The market reached its absolute peak on January 12, valuing the pair at 14.9474. Conversely, the yearly low was recorded on May 25, dropping to 12.6548.

This high-to-low spread represents a total annual volatility of 2.2926 YER. From a start-to-finish perspective, comparing the January average rate of 14.6599 to the December average rate of 13.4579, the exchange rate registered a net change of -8.20% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 14.9474 was down 13.41% compared to the 2022 peak of 17.2631, 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 747,370 YER

2022 Average 767,484 YER

Yearly Trough Low 632,740 YER

Transaction Impact: A difference of 114,630.05 YER purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

14.8145

12.9598

JanuMarcMayJulySeptNove

ZAR to YER 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 13.7662, compared to 13.3998 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.3664 points.

H1 Avg (Jan–Jun) 13.7662

H2 Avg (Jul–Dec) 13.3998

Volatility Range Comparison

Volatility

The most volatile month in 2023 was July, with a trading range of 1.1631 YER (High: 14.2582 / Low: 13.0951). On the other end, September was the most stable month, with a tight range of 0.3256 YER (High: 13.3539 / Low: 13.0283).

July Spread (Volatile) ±1.1631

September Spread (Stable) ±0.3256

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 0.6880 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.6880

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 14.6599) against the same month in 2022 (average: 16.1481), the exchange rate shifted by -1.4882 (-9.22%).

2023 Avg (January) 14.6599

2022 Avg (January) 16.1481

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	14.9474	14.3874	14.6599
February	14.6898	13.5888	13.9719
March	14.0777	13.3255	13.7018
April	14.0695	13.5280	13.7823
May	13.6816	12.6548	13.1143
June	13.7668	12.7564	13.3672
July	14.2582	13.0951	13.7519
August	13.6965	13.0462	13.3285
September	13.3539	13.0283	13.1997
October	13.4167	12.8323	13.1545
November	13.7618	13.2539	13.5063
December	13.6798	13.1187	13.4579