2021 BND to NZD Historical Review

YEARLY HIGH

1.0894 NZD

YEARLY LOW

1.0179 NZD

YEARLY AVERAGE

1.0526 NZD

2021 BND to NZD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the BND to NZD exchange rate experienced significant fluctuation. The market reached its absolute peak on December 20, valuing the pair at 1.0894. Conversely, the yearly low was recorded on February 24, dropping to 1.0179.

This high-to-low spread represents a total annual volatility of 0.0715 NZD. From a start-to-finish perspective, comparing the January average rate of 1.0490 to the December average rate of 1.0810, the exchange rate registered a net change of 3.05% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2021 high of 1.0894 was down 11.51% compared to the 2020 peak of 1.2311, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 BND based on timing:

Yearly Peak High 5,447 NZD

2020 Average 5,583 NZD

Yearly Trough Low 5,089 NZD

Transaction Impact: A difference of 357.47 NZD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

1.0852

1.0356

JanuMarcMayJulySeptNove

BND to NZD 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 1.0472, compared to 1.0580 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0109 points.

H1 Avg (Jan–Jun) 1.0472

H2 Avg (Jul–Dec) 1.0580

Volatility Range Comparison

Volatility

The most volatile month in 2021 was March, with a trading range of 0.0429 NZD (High: 1.0663 / Low: 1.0235). On the other end, December was the most stable month, with a tight range of 0.0158 NZD (High: 1.0894 / Low: 1.0736).

March Spread (Volatile) ±0.0429

December Spread (Stable) ±0.0158

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 April and May, when the average rate fell by 0.0106 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0106

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2021: 1.0810) against the same month in 2020 (average: 1.0577), the exchange rate shifted by +0.0234 (+2.21%).

2021 Avg (December) 1.0810

2020 Avg (December) 1.0577

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.0633	1.0384	1.0490
February	1.0515	1.0179	1.0397
March	1.0663	1.0235	1.0449
April	1.0645	1.0373	1.0516
May	1.0515	1.0317	1.0410
June	1.0747	1.0423	1.0566
July	1.0691	1.0486	1.0569
August	1.0762	1.0443	1.0580
September	1.0720	1.0414	1.0516
October	1.0662	1.0320	1.0493
November	1.0716	1.0331	1.0513
December	1.0894	1.0736	1.0810