2023 GMD to NZD Historical Review

YEARLY HIGH

0.0282 NZD

YEARLY LOW

0.0234 NZD

YEARLY AVERAGE

0.0262 NZD

2023 GMD to NZD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the GMD to NZD exchange rate experienced significant fluctuation. The market reached its absolute peak on September 6, valuing the pair at 0.0282. Conversely, the yearly low was recorded on December 27, dropping to 0.0234.

This high-to-low spread represents a total annual volatility of 0.0048 NZD. From a start-to-finish perspective, comparing the January average rate of 0.0252 to the December average rate of 0.0238, the exchange rate registered a net change of -5.29% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0282 was down 12.76% compared to the 2022 peak of 0.0323, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 141 NZD

2022 Average 143 NZD

Yearly Trough Low 117 NZD

Transaction Impact: A difference of 23.88 NZD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0279

0.0235

JanuMarcMayJulySeptNove

GMD 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 0.0263, compared to 0.0261 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0002 points.

H1 Avg (Jan–Jun) 0.0263

H2 Avg (Jul–Dec) 0.0261

Volatility Range Comparison

Volatility

The most volatile month in 2023 was September, with a trading range of 0.0025 NZD (High: 0.0282 / Low: 0.0257). On the other end, June was the most stable month, with a tight range of 0.0008 NZD (High: 0.0278 / Low: 0.0270).

September Spread (Volatile) ±0.0025

June Spread (Stable) ±0.0008

Growth Streaks & Declines

Trends

Between January and March, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between September and October, when the average rate fell by 0.0015 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0015

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2023: 0.0273) against the same month in 2022 (average: 0.0307), the exchange rate shifted by -0.0034 (-11.12%).

2023 Avg (September) 0.0273

2022 Avg (September) 0.0307

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0259	0.0247	0.0252
February	0.0266	0.0249	0.0261
March	0.0268	0.0257	0.0262
April	0.0270	0.0254	0.0260
May	0.0279	0.0262	0.0270
June	0.0278	0.0270	0.0274
July	0.0274	0.0262	0.0269
August	0.0279	0.0270	0.0276
September	0.0282	0.0257	0.0273
October	0.0264	0.0253	0.0259
November	0.0261	0.0241	0.0249
December	0.0242	0.0234	0.0238