Forex currencies

Euro vs. South African rand (EURZAR) Seasonality

Over 1999 to 2025 (27 years of data), EURZAR has tended to move short between 08.10 and 11.10, closing higher in 73.7% of those years for an average +0.41% move and an annualized Sharpe of 2.90.

Years: 1999-2025
Category: Forex currencies
Windows: 8

Best window

08.10 - 11.10

Direction

Short

Win rate

73.7%

Avg return

+0.41%

Sample

19 yrs

Average seasonal curve

Average path across the year

1999-2025

Strongest recurring windows

Window	Dir	Win rate	Avg return	Sharpe	Years
08.10 → 11.10	Short	73.7%	+0.41%	2.90	19
09.10 → 08.11	Short	68.4%	+0.47%	0.55	19
05.10 → 02.12	Short	68.4%

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EURZAR average seasonal curve, 1999 to 2025
Index	Value
1	100
2	99.7686
3	99.8545
4	99.9413
5	99.7968
6	99.7905
7	100.1655
8	100.2665
9	100.2631
10	100.3153
11	100.5074
12	100.6096
13	100.59
14	100.6789
15	100.6493
16	100.6786
17	100.6185
18	100.7524
19	100.7856
20	100.9133
21	100.7393
22	100.7258
23	101.0335
24	101.0638
25	101.3196
26	101.2555
27	101.3366
28	101.1836
29	101.1396
30	101.3572
31	101.2995
32	101.0513
33	101.1637
34	101.0762
35	101.0661
36	101.1606
37	101.011
38	100.9105
39	101.0482
40	101.189
41	101.3091
42	101.1327
43	101.2573
44	101.2428
45	101.0508
46	101.0378
47	101.12
48	100.9126
49	100.8114
50	101.0198
51	101.071
52	101.0138
53	100.9113
54	100.8405
55	100.7257
56	100.5091
57	100.6665
58	100.7235
59	100.9553
60	100.9768
61	101.0731
62	101.3293
63	101.0772
64	101.2328
65	101.1073
66	101.5793
67	101.3019
68	101.2717
69	101.1227
70	101.3766
71	101.2218
72	101.5697
73	101.4235
74	101.6102
75	101.9073
76	101.8098
77	101.8641
78	101.7631
79	101.9094
80	101.8661
81	101.7497
82	101.5961
83	101.609
84	101.5529
85	101.4371
86	101.4721
87	101.5146
88	101.6313
89	101.5899
90	101.2747
91	101.0984
92	101.0871
93	100.9248
94	100.9494
95	101.0678
96	101.118
97	101.1234
98	101.1291
99	100.8664
100	101.2755
101	101.3165
102	101.2491
103	101.335
104	101.2814
105	101.4084
106	101.3172
107	101.1495
108	101.0748
109	101.0709
110	101.0991
111	100.9693
112	100.8982
113	100.963
114	100.9115
115	100.7585
116	100.7597
117	100.6989
118	100.6191
119	100.4756
120	100.4303
121	100.4079
122	100.2417
123	100.156
124	100.3572
125	100.3748
126	100.1936
127	100.1933
128	100.1052
129	100.0949
130	100.3789
131	100.3783
132	100.3697
133	100.3278
134	100.3968
135	100.517
136	101.1369
137	101.2798
138	101.0833
139	101.3352
140	101.5254
141	101.6448
142	101.5716
143	101.5496
144	101.6473
145	101.5631
146	101.4606
147	101.3918
148	101.4142
149	101.4146
150	101.5522
151	101.6723
152	101.7681
153	101.9242
154	102.1067
155	102.0126
156	102.1975
157	102.2511
158	102.3928
159	102.3746
160	102.3811
161	102.4061
162	102.2122
163	102.3362
164	102.2107
165	102.1381
166	102.0572
167	102.0792
168	102.2518
169	102.0796
170	102.071
171	101.9634
172	101.8388
173	101.937
174	101.9477
175	101.9405
176	101.9876
177	101.9676
178	101.8917
179	101.79
180	101.7623
181	101.5793
182	101.7113
183	101.8268
184	101.983
185	101.6853
186	101.7124
187	101.6536
188	101.7212
189	101.786
190	101.6246
191	101.7669
192	101.8462
193	101.849
194	101.9557
195	101.7928
196	101.8067
197	101.8256
198	101.6244
199	101.6426
200	101.6232
201	101.5208
202	101.4362
203	101.3394
204	101.0983
205	101.4696
206	101.4692
207	101.5441
208	101.5126
209	101.4806
210	101.3866
211	101.2453
212	101.3961
213	101.4112
214	101.3873
215	101.5276
216	101.5222
217	101.7349
218	101.8972
219	101.8741
220	101.9366
221	101.8505
222	101.9114
223	101.8898
224	101.9332
225	101.8459
226	101.9868
227	102.0759
228	102.1076
229	102.0689
230	102.0898
231	102.1972
232	102.2644
233	102.3816
234	102.2054
235	102.4009
236	102.5072
237	102.4303
238	102.3732
239	102.4044
240	102.4085
241	102.2438
242	102.1145
243	102.0842
244	102.1444
245	102.095
246	102.0436
247	102.1246
248	102.0969
249	101.9772
250	102.0659
251	101.8951
252	101.9864
253	101.9064
254	101.8104
255	102.0023
256	102.1114
257	102.1927
258	102.2875
259	102.1638
260	102.2964
261	102.34
262	102.318
263	102.4261
264	102.6892
265	102.9326
266	102.8736
267	102.8988
268	102.9806
269	102.7821
270	102.626
271	102.7453
272	102.8482
273	102.8983
274	102.9045
275	102.8335
276	102.9235
277	102.9429
278	102.7129
279	102.7745
280	102.8848
281	102.7399
282	103.0626
283	103.1748
284	103.0523
285	102.9667
286	103.0866
287	102.9015
288	103.0007
289	103.8505
290	103.5557
291	103.4994
292	103.6057
293	103.7446
294	103.9298
295	103.6765
296	104.1538
297	103.7576
298	103.7854
299	103.7558
300	103.7762
301	103.6173
302	103.5292
303	103.358
304	103.4266
305	103.5463
306	103.362
307	103.2124
308	103.3456
309	103.1805
310	103.1937
311	103.306
312	103.0973
313	103.3003
314	103.0843
315	103.1881
316	103.4879
317	103.5221
318	103.3916
319	103.463
320	103.3882
321	103.4007
322	103.4376
323	103.5677
324	103.5182
325	103.8019
326	103.6936
327	103.7615
328	103.702
329	103.5758
330	103.8947
331	103.8568
332	103.6825
333	103.4891
334	103.3199
335	103.3414
336	103.4904
337	103.5992
338	103.618
339	103.6395
340	103.5505
341	103.4801
342	103.7612
343	103.8272
344	103.9494
345	104.2261
346	104.2225
347	104.0985
348	103.975
349	103.9528
350	104.0727
351	104.2435
352	104.1267
353	103.9577
354	103.864
355	103.9789
356	103.931
357	103.899
358	103.813
359	103.8817
360	103.9324
361	104.1155
362	103.9062
363	103.834
364	103.6276
365	103.5935
366	103.2033

EURZAR average seasonal curve, 1999 to 2025

Index

Value

100

99.7686

99.8545

99.9413

99.7968

99.7905

100.1655

100.2665

100.2631

100.3153

100.5074

100.6096

100.59

100.6789

100.6493

100.6786

100.6185

100.7524

100.7856

100.9133

100.7393

100.7258

101.0335

101.0638

101.3196

101.2555

101.3366

101.1836

101.1396

101.3572

101.2995

101.0513

101.1637

101.0762

101.0661

101.1606

101.011

100.9105

101.0482

101.189

101.3091

101.1327

101.2573

101.2428

101.0508

101.0378

101.12

100.9126

100.8114

101.0198

101.071

101.0138

100.9113

100.8405

100.7257

100.5091

100.6665

100.7235

100.9553

100.9768

101.0731

101.3293

101.0772

101.2328

101.1073

101.5793

101.3019

101.2717

101.1227

101.3766

101.2218

101.5697

101.4235

101.6102

101.9073

101.8098

101.8641

101.7631

101.9094

101.8661

101.7497

101.5961

101.609

101.5529

101.4371

101.4721

101.5146

101.6313

101.5899

101.2747

101.0984

101.0871

100.9248

100.9494

101.0678

101.118

101.1234

101.1291

100.8664

100

101.2755

101

101.3165

102

101.2491

103

101.335

104

101.2814

105

101.4084

106

101.3172

107

101.1495

108

101.0748

109

101.0709

110

101.0991

111

100.9693

112

100.8982

113

100.963

114

100.9115

115

100.7585

116

100.7597

117

100.6989

118

100.6191

119

100.4756

120

100.4303

121

100.4079

122

100.2417

123

100.156

124

100.3572

125

100.3748

126

100.1936

127

100.1933

128

100.1052

129

100.0949

130

100.3789

131

100.3783

132

100.3697

133

100.3278

134

100.3968

135

100.517

136

101.1369

137

101.2798

138

101.0833

139

101.3352

140

101.5254

141

101.6448

142

101.5716

143

101.5496

144

101.6473

145

101.5631

146

101.4606

147

101.3918

148

101.4142

149

101.4146

150

101.5522

151

101.6723

152

101.7681

153

101.9242

154

102.1067

155

102.0126

156

102.1975

157

102.2511

158

102.3928

159

102.3746

160

102.3811

161

102.4061

162

102.2122

163

102.3362

164

102.2107

165

102.1381

166

102.0572

167

102.0792

168

102.2518

169

102.0796

170

102.071

171

101.9634

172

101.8388

173

101.937

174

101.9477

175

101.9405

176

101.9876

177

101.9676

178

101.8917

179

101.79

180

101.7623

181

101.5793

182

101.7113

183

101.8268

184

101.983

185

101.6853

186

101.7124

187

101.6536

188

101.7212

189

101.786

190

101.6246

191

101.7669

192

101.8462

193

101.849

194

101.9557

195

101.7928

196

101.8067

197

101.8256

198

101.6244

199

101.6426

200

101.6232

201

101.5208

202

101.4362

203

101.3394

204

101.0983

205

101.4696

206

101.4692

207

101.5441

208

101.5126

209

101.4806

210

101.3866

211

101.2453

212

101.3961

213

101.4112

214

101.3873

215

101.5276

216

101.5222

217

101.7349

218

101.8972

219

101.8741

220

101.9366

221

101.8505

222

101.9114

223

101.8898

224

101.9332

225

101.8459

226

101.9868

227

102.0759

228

102.1076

229

102.0689

230

102.0898

231

102.1972

232

102.2644

233

102.3816

234

102.2054

235

102.4009

236

102.5072

237

102.4303

238

102.3732

239

102.4044

240

102.4085

241

102.2438

242

102.1145

243

102.0842

244

102.1444

245

102.095

246

102.0436

247

102.1246

248

102.0969

249

101.9772

250

102.0659

251

101.8951

252

101.9864

253

101.9064

254

101.8104

255

102.0023

256

102.1114

257

102.1927

258

102.2875

259

102.1638

260

102.2964

261

102.34

262

102.318

263

102.4261

264

102.6892

265

102.9326

266

102.8736

267

102.8988

268

102.9806

269

102.7821

270

102.626

271

102.7453

272

102.8482

273

102.8983

274

102.9045

275

102.8335

276

102.9235

277

102.9429

278

102.7129

279

102.7745

280

102.8848

281

102.7399

282

103.0626

283

103.1748

284

103.0523

285

102.9667

286

103.0866

287

102.9015

288

103.0007

289

103.8505

290

103.5557

291

103.4994

292

103.6057

293

103.7446

294

103.9298

295

103.6765

296

104.1538

297

103.7576

298

103.7854

299

103.7558

300

103.7762

301

103.6173

302

103.5292

303

103.358

304

103.4266

305

103.5463

306

103.362

307

103.2124

308

103.3456

309

103.1805

310

103.1937

311

103.306

312

103.0973

313

103.3003

314

103.0843

315

103.1881

316

103.4879

317

103.5221

318

103.3916

319

103.463

320

103.3882

321

103.4007

322

103.4376

323

103.5677

324

103.5182

325

103.8019

326

103.6936

327

103.7615

328

103.702

329

103.5758

330

103.8947

331

103.8568

332

103.6825

333

103.4891

334

103.3199

335

103.3414

336

103.4904

337

103.5992

338

103.618

339

103.6395

340

103.5505

341

103.4801

342

103.7612

343

103.8272

344

103.9494

345

104.2261

346

104.2225

347

104.0985

348

103.975

349

103.9528

350

104.0727

351

104.2435

352

104.1267

353

103.9577

354

103.864

355

103.9789

356

103.931

357

103.899

358

103.813

359

103.8817

360

103.9324

361

104.1155

362

103.9062

363

103.834

364

103.6276

365

103.5935

366

103.2033