2023 FKP to NZD Historical Review

YEARLY HIGH

2.1520 NZD

YEARLY LOW

1.8875 NZD

YEARLY AVERAGE

2.0261 NZD

2023 FKP to NZD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the FKP to NZD exchange rate experienced significant fluctuation. The market reached its absolute peak on August 21, valuing the pair at 2.1520. Conversely, the yearly low was recorded on February 2, dropping to 1.8875.

This high-to-low spread represents a total annual volatility of 0.2645 NZD. From a start-to-finish perspective, comparing the January average rate of 1.9114 to the December average rate of 2.0336, the exchange rate registered a net change of 6.39% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 2.1520 was up 4.89% compared to the 2022 peak of 2.0518, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 10,760 NZD

2022 Average 9,725 NZD

Yearly Trough Low 9,437 NZD

Transaction Impact: A difference of 1,322.73 NZD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

2.1422

1.8905

JanuMarcMayJulySeptNove

FKP 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 1.9771, compared to 2.0751 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0981 points.

H1 Avg (Jan–Jun) 1.9771

H2 Avg (Jul–Dec) 2.0751

Volatility Range Comparison

Volatility

The most volatile month in 2023 was September, with a trading range of 0.1017 NZD (High: 2.1363 / Low: 2.0345). On the other end, July was the most stable month, with a tight range of 0.0348 NZD (High: 2.0870 / Low: 2.0521).

September Spread (Volatile) ±0.1017

July Spread (Stable) ±0.0348

Growth Streaks & Declines

Trends

Between January and August, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 7 straight months. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 0.0383 points.

Longest Streak 7 Mo.

Sharpest MoM Drop -0.0383

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2023: 2.1213) against the same month in 2022 (average: 1.9125), the exchange rate shifted by +0.2087 (+10.91%).

2023 Avg (August) 2.1213

2022 Avg (August) 1.9125

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.9379	1.8986	1.9114
February	1.9570	1.8875	1.9211
March	1.9825	1.9214	1.9556
April	2.0377	1.9719	2.0044
May	2.0662	1.9782	2.0103
June	2.0815	2.0424	2.0597
July	2.0870	2.0521	2.0695
August	2.1520	2.0841	2.1213
September	2.1363	2.0345	2.0897
October	2.0936	2.0312	2.0647
November	2.0875	2.0514	2.0720
December	2.0554	2.0103	2.0336