2023 BOB to NZD Historical Review

YEARLY HIGH

0.2498 NZD

YEARLY LOW

0.2221 NZD

YEARLY AVERAGE

0.2359 NZD

2023 BOB to NZD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the BOB to NZD exchange rate experienced significant fluctuation. The market reached its absolute peak on October 25, valuing the pair at 0.2498. Conversely, the yearly low was recorded on February 1, dropping to 0.2221.

This high-to-low spread represents a total annual volatility of 0.0277 NZD. From a start-to-finish perspective, comparing the January average rate of 0.2259 to the December average rate of 0.2321, the exchange rate registered a net change of 2.73% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.2498 was down 3.94% compared to the 2022 peak of 0.2601, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 1,249 NZD

2022 Average 1,144 NZD

Yearly Trough Low 1,111 NZD

Transaction Impact: A difference of 138.38 NZD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.2477

0.2240

JanuMarcMayJulySeptNove

BOB 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 0.2320, compared to 0.2397 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0077 points.

H1 Avg (Jan–Jun) 0.2320

H2 Avg (Jul–Dec) 0.2397

Volatility Range Comparison

Volatility

The most volatile month in 2023 was May, with a trading range of 0.0134 NZD (High: 0.2404 / Low: 0.2270). On the other end, September was the most stable month, with a tight range of 0.0058 NZD (High: 0.2467 / Low: 0.2409).

May Spread (Volatile) ±0.0134

September Spread (Stable) ±0.0058

Growth Streaks & Declines

Trends

Between July and October, 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 0.0095 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0095

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2023: 0.2457) against the same month in 2022 (average: 0.2544), the exchange rate shifted by -0.0087 (-3.42%).

2023 Avg (October) 0.2457

2022 Avg (October) 0.2544

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.2323	0.2228	0.2259
February	0.2354	0.2221	0.2304
March	0.2374	0.2308	0.2335
April	0.2363	0.2280	0.2331
May	0.2404	0.2270	0.2333
June	0.2396	0.2320	0.2359
July	0.2376	0.2265	0.2328
August	0.2453	0.2356	0.2417
September	0.2467	0.2409	0.2442
October	0.2498	0.2394	0.2457
November	0.2467	0.2350	0.2416
December	0.2362	0.2273	0.2321