2023 ZWL to EUR Historical Review

YEARLY HIGH

0.9552 EUR

YEARLY LOW

0.8894 EUR

YEARLY AVERAGE

0.9242 EUR

2023 ZWL to EUR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the ZWL to EUR exchange rate experienced significant fluctuation. The market reached its absolute peak on October 3, valuing the pair at 0.9552. Conversely, the yearly low was recorded on July 14, dropping to 0.8894.

This high-to-low spread represents a total annual volatility of 0.0658 EUR. From a start-to-finish perspective, comparing the January average rate of 0.9271 to the December average rate of 0.9155, the exchange rate registered a net change of -1.24% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.9552 was down 8.35% compared to the 2022 peak of 1.0421, 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 4,776 EUR

2022 Average 4,755 EUR

Yearly Trough Low 4,447 EUR

Transaction Impact: A difference of 328.77 EUR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.9507

0.9002

JanuMarcMayJulySeptNove

ZWL to EUR 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 0.9244, compared to 0.9240 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0004 points.

H1 Avg (Jan–Jun) 0.9244

H2 Avg (Jul–Dec) 0.9240

Volatility Range Comparison

Volatility

The most volatile month in 2023 was May, with a trading range of 0.0430 EUR (High: 0.9351 / Low: 0.8920). On the other end, October was the most stable month, with a tight range of 0.0180 EUR (High: 0.9552 / Low: 0.9372).

May Spread (Volatile) ±0.0430

October Spread (Stable) ±0.0180

Growth Streaks & Declines

Trends

Between July and October, 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 March and April, when the average rate fell by 0.0233 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0233

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2023: 0.9465) against the same month in 2022 (average: 1.0168), the exchange rate shifted by -0.0703 (-6.92%).

2023 Avg (October) 0.9465

2022 Avg (October) 1.0168

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.9506	0.9157	0.9271
February	0.9476	0.9080	0.9344
March	0.9480	0.9171	0.9333
April	0.9255	0.8987	0.9100
May	0.9351	0.8920	0.9192
June	0.9349	0.9098	0.9222
July	0.9212	0.8894	0.9044
August	0.9264	0.9070	0.9166
September	0.9519	0.9267	0.9365
October	0.9552	0.9372	0.9465
November	0.9446	0.9087	0.9242
December	0.9289	0.9002	0.9155