2021 ZWL to SGD Historical Review

YEARLY HIGH

1.3725 SGD

YEARLY LOW

1.3175 SGD

YEARLY AVERAGE

1.3437 SGD

2021 ZWL to SGD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the ZWL to SGD exchange rate experienced significant fluctuation. The market reached its absolute peak on December 3, valuing the pair at 1.3725. Conversely, the yearly low was recorded on January 6, dropping to 1.3175.

This high-to-low spread represents a total annual volatility of 0.0550 SGD. From a start-to-finish perspective, comparing the January average rate of 1.3262 to the December average rate of 1.3634, the exchange rate registered a net change of 2.81% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2021 high of 1.3725 was down 5.79% compared to the 2020 peak of 1.4568, 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 6,863 SGD

2020 Average 6,897 SGD

Yearly Trough Low 6,587 SGD

Transaction Impact: A difference of 275.18 SGD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

1.3672

1.3224

JanuMarcMayJulySeptNove

ZWL to SGD 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 1.3326, compared to 1.3549 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0224 points.

H1 Avg (Jan–Jun) 1.3326

H2 Avg (Jul–Dec) 1.3549

Volatility Range Comparison

Volatility

The most volatile month in 2021 was November, with a trading range of 0.0242 SGD (High: 1.3712 / Low: 1.3470). On the other end, January was the most stable month, with a tight range of 0.0143 SGD (High: 1.3318 / Low: 1.3175).

November Spread (Volatile) ±0.0242

January Spread (Stable) ±0.0143

Growth Streaks & Declines

Trends

Between May and August, 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 0.0076 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0076

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2021: 1.3634) against the same month in 2020 (average: 1.3321), the exchange rate shifted by +0.0314 (+2.35%).

2021 Avg (December) 1.3634

2020 Avg (December) 1.3321

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.3318	1.3175	1.3262
February	1.3369	1.3188	1.3278
March	1.3504	1.3276	1.3428
April	1.3458	1.3245	1.3352
May	1.3364	1.3208	1.3293
June	1.3458	1.3226	1.3341
July	1.3663	1.3450	1.3547
August	1.3648	1.3444	1.3549
September	1.3616	1.3409	1.3477
October	1.3587	1.3430	1.3512
November	1.3712	1.3470	1.3576
December	1.3725	1.3486	1.3634