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2021 NZD to GMD Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2021
During 2021, the NZD to GMD exchange rate experienced significant fluctuation. The market reached its absolute peak on February 24, valuing the pair at 38.1454. Conversely, the yearly low was recorded on August 19, dropping to 34.8806.
This high-to-low spread represents a total annual volatility of 3.2648 GMD. From a start-to-finish perspective, comparing the January average rate of 37.1216 to the December average rate of 35.6420, the exchange rate registered a net change of -3.99% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2021 high of 38.1454 was up 2.12% compared to the 2020 peak of 37.3521, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 NZD based on timing:
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NZD to GMD Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: JanâJun) was 36.7818, compared to 36.0903 in the second half (H2: JulâDec). This shows that the rate was stronger in the first half (JanâJun) by a margin of 0.6916 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2021 was October, with a trading range of 1.7875 GMD (High: 37.4291 / Low: 35.6416). On the other end, July was the most stable month, with a tight range of 0.6920 GMD (High: 36.0659 / Low: 35.3738).
Growth Streaks & Declines
TrendsBetween August and November, 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 November and December, when the average rate fell by 0.9554 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (February 2021: 37.2583) against the same month in 2020 (average: 32.6144), the exchange rate shifted by +4.6439 (+14.24%).
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| Month | High | Low | Average |
|---|---|---|---|
| January | 37.7648 | 36.6515 | 37.1216 |
| February | 38.1454 | 36.8995 | 37.2583 |
| March | 37.4299 | 35.6971 | 36.5874 |
| April | 37.1860 | 35.9328 | 36.4251 |
| May | 37.3555 | 36.6336 | 36.9955 |
| June | 37.0961 | 35.4751 | 36.3031 |
| July | 36.0659 | 35.3738 | 35.7433 |
| August | 36.0875 | 34.8806 | 35.6812 |
| September | 36.9945 | 35.3882 | 36.3012 |
| October | 37.4291 | 35.6416 | 36.5766 |
| November | 37.3271 | 35.7352 | 36.5974 |
| December | 36.0915 | 35.2393 | 35.6420 |