Forex currencies

US Dollar vs South African Rand (USDZAR) Seasonality

Over 1991 to 2025 (35 years of data), USDZAR has tended to move short between 09.10 and 14.10, closing higher in 69.7% of those years for an average +0.95% move and an annualized Sharpe of 3.11.

Years: 1991-2025
Category: Forex currencies
Windows: 8

Best window

09.10 - 14.10

Direction

Short

Win rate

69.7%

Avg return

+0.95%

Sample

33 yrs

Average seasonal curve

Average path across the year

1991-2025

Strongest recurring windows

Window	Dir	Win rate	Avg return	Sharpe	Years
09.10 → 14.10	Short	69.7%	+0.95%	3.11	33
09.10 → 13.10	Short	69.7%	+0.91%	3.05	33
08.10 → 11.10	Short	68.8%

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USDZAR average seasonal curve, 1991 to 2025
Index	Value
1	100
2	100.0825
3	100.2002
4	100.1365
5	100.4307
6	100.56
7	100.9822
8	101.0263
9	100.9832
10	101.2947
11	101.2733
12	100.9599
13	101.055
14	100.9995
15	101.1489
16	101.4217
17	101.4599
18	101.4456
19	101.5448
20	101.6214
21	101.3695
22	101.298
23	101.4014
24	101.2077
25	101.287
26	101.1614
27	101.4344
28	101.3662
29	101.4837
30	101.7445
31	101.6928
32	101.155
33	101.4406
34	101.1724
35	101.4373
36	101.5085
37	101.3739
38	101.5815
39	101.6855
40	101.5668
41	101.8512
42	101.7329
43	101.775
44	101.8218
45	101.4119
46	101.354
47	101.3932
48	101.3366
49	101.3002
50	101.4528
51	101.5435
52	101.4997
53	101.3598
54	101.2427
55	101.197
56	101.1408
57	101.3103
58	101.6841
59	102.1088
60	102.2443
61	102.4319
62	102.4981
63	102.2141
64	102.2792
65	102.229
66	102.8051
67	102.7503
68	102.6801
69	102.4711
70	102.3222
71	102.2329
72	102.7376
73	102.4729
74	102.6248
75	102.8001
76	102.5371
77	102.2752
78	102.6852
79	102.5114
80	102.498
81	102.4209
82	102.2449
83	102.2313
84	102.1381
85	101.9666
86	102.2952
87	102.6174
88	102.5776
89	102.6996
90	102.1567
91	101.7379
92	101.8363
93	101.6387
94	101.8185
95	102.0767
96	102.3083
97	102.2404
98	101.9761
99	101.7217
100	101.7702
101	101.7414
102	101.658
103	101.6022
104	101.539
105	101.7773
106	101.7856
107	101.7044
108	101.6448
109	101.8033
110	101.8029
111	101.739
112	101.9579
113	102.0686
114	101.9587
115	102.0686
116	102.0445
117	102.0274
118	101.6633
119	101.3732
120	101.2527
121	101.5827
122	101.6505
123	101.3784
124	101.5622
125	101.7571
126	101.6518
127	101.7139
128	101.5364
129	101.6197
130	101.8089
131	101.9909
132	102.0982
133	102.1783
134	102.3036
135	102.4712
136	102.4888
137	102.7416
138	102.8185
139	102.7788
140	102.8071
141	102.5946
142	102.3441
143	102.3435
144	102.4009
145	102.4809
146	102.4372
147	102.1354
148	102.312
149	102.3372
150	102.5605
151	102.748
152	102.7741
153	102.359
154	102.4468
155	102.2332
156	102.4674
157	102.5502
158	102.5695
159	102.5605
160	102.5842
161	102.6615
162	102.5065
163	102.9355
164	102.8611
165	102.6885
166	102.7622
167	102.7748
168	102.8783
169	102.7364
170	102.8589
171	102.7463
172	102.4821
173	102.691
174	102.6415
175	102.5674
176	102.7918
177	102.6051
178	102.6961
179	102.7956
180	102.6408
181	102.2526
182	102.3807
183	102.319
184	102.4064
185	102.2001
186	102.5392
187	102.6981
188	102.7605
189	102.8887
190	102.5201
191	102.4259
192	102.6845
193	102.3599
194	102.2394
195	102.1296
196	102.0034
197	102.0071
198	101.9585
199	101.7422
200	101.8082
201	101.7308
202	101.4667
203	101.1605
204	101.1156
205	101.4659
206	101.4982
207	101.5395
208	101.4495
209	101.279
210	101.2182
211	101.1104
212	101.5103
213	101.8076
214	102.0069
215	101.9485
216	101.9641
217	102.2463
218	102.3842
219	102.4169
220	102.7584
221	103.0312
222	103.1551
223	103.1667
224	103.2151
225	103.1787
226	103.3815
227	103.5702
228	103.6672
229	103.6624
230	103.8477
231	104.0435
232	103.9596
233	103.8978
234	103.449
235	103.6284
236	103.6835
237	103.5688
238	103.575
239	103.5733
240	103.7858
241	103.4019
242	103.5744
243	103.665
244	103.8216
245	103.8175
246	103.7457
247	104.0513
248	104.099
249	103.8017
250	103.676
251	103.5261
252	103.8112
253	103.6557
254	103.5781
255	103.5111
256	103.3892
257	103.6222
258	103.5129
259	103.3773
260	103.5684
261	103.5271
262	103.6328
263	103.4377
264	103.7876
265	103.8237
266	103.7982
267	104.1393
268	104.1967
269	104.2492
270	104.1549
271	104.0274
272	104.2155
273	104.5095
274	104.5469
275	104.5868
276	104.9035
277	104.8644
278	104.6985
279	104.6164
280	105.0551
281	104.9203
282	105.0947
283	104.9923
284	104.7524
285	104.7389
286	104.5135
287	104.2579
288	104.3113
289	105.184
290	104.777
291	104.8705
292	104.8827
293	104.8624
294	105.1674
295	105.2437
296	105.7388
297	105.5141
298	105.6177
299	105.5835
300	105.6076
301	105.5497
302	105.4412
303	105.3942
304	105.6997
305	105.7226
306	105.4698
307	105.1781
308	105.0438
309	104.7456
310	104.7747
311	104.8818
312	104.7217
313	105.183
314	105.0572
315	105.3256
316	106.0222
317	106.0589
318	105.5459
319	105.7526
320	105.5783
321	105.6112
322	105.5616
323	105.7091
324	105.8239
325	106.1748
326	105.9653
327	106.0481
328	105.9992
329	105.7418
330	106.101
331	106.0245
332	105.6047
333	105.3986
334	105.3878
335	105.557
336	105.6426
337	105.4545
338	105.3701
339	105.5176
340	105.3348
341	105.3349
342	105.5757
343	105.6705
344	105.8674
345	106.152
346	105.9764
347	105.6059
348	105.5934
349	105.5886
350	105.4608
351	105.6636
352	105.3118
353	105.1045
354	105.1559
355	105.3383
356	105.1126
357	104.9993
358	104.7748
359	104.8643
360	104.8245
361	104.6924
362	104.6786
363	104.4529
364	104.2024
365	104.1799
366	104.5793

USDZAR average seasonal curve, 1991 to 2025

Index

Value

100

100.0825

100.2002

100.1365

100.4307

100.56

100.9822

101.0263

100.9832

101.2947

101.2733

100.9599

101.055

100.9995

101.1489

101.4217

101.4599

101.4456

101.5448

101.6214

101.3695

101.298

101.4014

101.2077

101.287

101.1614

101.4344

101.3662

101.4837

101.7445

101.6928

101.155

101.4406

101.1724

101.4373

101.5085

101.3739

101.5815

101.6855

101.5668

101.8512

101.7329

101.775

101.8218

101.4119

101.354

101.3932

101.3366

101.3002

101.4528

101.5435

101.4997

101.3598

101.2427

101.197

101.1408

101.3103

101.6841

102.1088

102.2443

102.4319

102.4981

102.2141

102.2792

102.229

102.8051

102.7503

102.6801

102.4711

102.3222

102.2329

102.7376

102.4729

102.6248

102.8001

102.5371

102.2752

102.6852

102.5114

102.498

102.4209

102.2449

102.2313

102.1381

101.9666

102.2952

102.6174

102.5776

102.6996

102.1567

101.7379

101.8363

101.6387

101.8185

102.0767

102.3083

102.2404

101.9761

101.7217

100

101.7702

101

101.7414

102

101.658

103

101.6022

104

101.539

105

101.7773

106

101.7856

107

101.7044

108

101.6448

109

101.8033

110

101.8029

111

101.739

112

101.9579

113

102.0686

114

101.9587

115

102.0686

116

102.0445

117

102.0274

118

101.6633

119

101.3732

120

101.2527

121

101.5827

122

101.6505

123

101.3784

124

101.5622

125

101.7571

126

101.6518

127

101.7139

128

101.5364

129

101.6197

130

101.8089

131

101.9909

132

102.0982

133

102.1783

134

102.3036

135

102.4712

136

102.4888

137

102.7416

138

102.8185

139

102.7788

140

102.8071

141

102.5946

142

102.3441

143

102.3435

144

102.4009

145

102.4809

146

102.4372

147

102.1354

148

102.312

149

102.3372

150

102.5605

151

102.748

152

102.7741

153

102.359

154

102.4468

155

102.2332

156

102.4674

157

102.5502

158

102.5695

159

102.5605

160

102.5842

161

102.6615

162

102.5065

163

102.9355

164

102.8611

165

102.6885

166

102.7622

167

102.7748

168

102.8783

169

102.7364

170

102.8589

171

102.7463

172

102.4821

173

102.691

174

102.6415

175

102.5674

176

102.7918

177

102.6051

178

102.6961

179

102.7956

180

102.6408

181

102.2526

182

102.3807

183

102.319

184

102.4064

185

102.2001

186

102.5392

187

102.6981

188

102.7605

189

102.8887

190

102.5201

191

102.4259

192

102.6845

193

102.3599

194

102.2394

195

102.1296

196

102.0034

197

102.0071

198

101.9585

199

101.7422

200

101.8082

201

101.7308

202

101.4667

203

101.1605

204

101.1156

205

101.4659

206

101.4982

207

101.5395

208

101.4495

209

101.279

210

101.2182

211

101.1104

212

101.5103

213

101.8076

214

102.0069

215

101.9485

216

101.9641

217

102.2463

218

102.3842

219

102.4169

220

102.7584

221

103.0312

222

103.1551

223

103.1667

224

103.2151

225

103.1787

226

103.3815

227

103.5702

228

103.6672

229

103.6624

230

103.8477

231

104.0435

232

103.9596

233

103.8978

234

103.449

235

103.6284

236

103.6835

237

103.5688

238

103.575

239

103.5733

240

103.7858

241

103.4019

242

103.5744

243

103.665

244

103.8216

245

103.8175

246

103.7457

247

104.0513

248

104.099

249

103.8017

250

103.676

251

103.5261

252

103.8112

253

103.6557

254

103.5781

255

103.5111

256

103.3892

257

103.6222

258

103.5129

259

103.3773

260

103.5684

261

103.5271

262

103.6328

263

103.4377

264

103.7876

265

103.8237

266

103.7982

267

104.1393

268

104.1967

269

104.2492

270

104.1549

271

104.0274

272

104.2155

273

104.5095

274

104.5469

275

104.5868

276

104.9035

277

104.8644

278

104.6985

279

104.6164

280

105.0551

281

104.9203

282

105.0947

283

104.9923

284

104.7524

285

104.7389

286

104.5135

287

104.2579

288

104.3113

289

105.184

290

104.777

291

104.8705

292

104.8827

293

104.8624

294

105.1674

295

105.2437

296

105.7388

297

105.5141

298

105.6177

299

105.5835

300

105.6076

301

105.5497

302

105.4412

303

105.3942

304

105.6997

305

105.7226

306

105.4698

307

105.1781

308

105.0438

309

104.7456

310

104.7747

311

104.8818

312

104.7217

313

105.183

314

105.0572

315

105.3256

316

106.0222

317

106.0589

318

105.5459

319

105.7526

320

105.5783

321

105.6112

322

105.5616

323

105.7091

324

105.8239

325

106.1748

326

105.9653

327

106.0481

328

105.9992

329

105.7418

330

106.101

331

106.0245

332

105.6047

333

105.3986

334

105.3878

335

105.557

336

105.6426

337

105.4545

338

105.3701

339

105.5176

340

105.3348

341

105.3349

342

105.5757

343

105.6705

344

105.8674

345

106.152

346

105.9764

347

105.6059

348

105.5934

349

105.5886

350

105.4608

351

105.6636

352

105.3118

353

105.1045

354

105.1559

355

105.3383

356

105.1126

357

104.9993

358

104.7748

359

104.8643

360

104.8245

361

104.6924

362

104.6786

363

104.4529

364

104.2024

365

104.1799

366

104.5793