2023 ZWL to DJF Historical Review

YEARLY HIGH

179.6833 DJF

YEARLY LOW

175.5577 DJF

YEARLY AVERAGE

177.8351 DJF

2023 ZWL to DJF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the ZWL to DJF exchange rate experienced significant fluctuation. The market reached its absolute peak on February 4, valuing the pair at 179.6833. Conversely, the yearly low was recorded on March 18, dropping to 175.5577.

This high-to-low spread represents a total annual volatility of 4.1256 DJF. From a start-to-finish perspective, comparing the January average rate of 177.7483 to the December average rate of 178.0961, the exchange rate registered a net change of 0.20% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 179.6833 was down 0.01% compared to the 2022 peak of 179.7035, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 ZWL based on timing:

Yearly Peak High 898,416 DJF

2022 Average 890,075 DJF

Yearly Trough Low 877,789 DJF

Transaction Impact: A difference of 20,627.88 DJF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

178.1427

177.5832

JanuMarcMayJulySeptNove

ZWL to DJF 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 177.8066, compared to 177.8636 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0570 points.

H1 Avg (Jan–Jun) 177.8066

H2 Avg (Jul–Dec) 177.8636

Volatility Range Comparison

Volatility

The most volatile month in 2023 was February, with a trading range of 3.2247 DJF (High: 179.6833 / Low: 176.4586). On the other end, January was the most stable month, with a tight range of 0.8495 DJF (High: 178.1119 / Low: 177.2624).

February Spread (Volatile) ±3.2247

January Spread (Stable) ±0.8495

Growth Streaks & Declines

Trends

Between April and June, 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 February and March, when the average rate fell by 0.3319 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.3319

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2023: 177.9848) against the same month in 2022 (average: 177.9168), the exchange rate shifted by +0.0679 (+0.04%).

2023 Avg (February) 177.9848

2022 Avg (February) 177.9168

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	178.1119	177.2624	177.7483
February	179.6833	176.4586	177.9848
March	178.1624	175.5577	177.6529
April	178.1724	175.7064	177.6298
May	178.4075	177.4944	177.8518
June	178.7256	176.9466	177.9719
July	178.0000	176.5820	177.6667
August	179.0000	176.7288	177.9061
September	179.0000	177.4207	178.0151
October	178.5000	177.2601	177.8594
November	178.5000	176.5906	177.6382
December	179.0091	177.5000	178.0961