2023 HNL to NZD Historical Review

YEARLY HIGH

0.0699 NZD

YEARLY LOW

0.0622 NZD

YEARLY AVERAGE

0.0661 NZD

2023 HNL to NZD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the HNL to NZD exchange rate experienced significant fluctuation. The market reached its absolute peak on October 29, valuing the pair at 0.0699. Conversely, the yearly low was recorded on February 1, dropping to 0.0622.

This high-to-low spread represents a total annual volatility of 0.0077 NZD. From a start-to-finish perspective, comparing the January average rate of 0.0633 to the December average rate of 0.0650, the exchange rate registered a net change of 2.64% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0699 was down 3.71% compared to the 2022 peak of 0.0726, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 349 NZD

2022 Average 321 NZD

Yearly Trough Low 311 NZD

Transaction Impact: A difference of 38.30 NZD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0692

0.0628

JanuMarcMayJulySeptNove

HNL 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 0.0650, compared to 0.0671 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0020 points.

H1 Avg (Jan–Jun) 0.0650

H2 Avg (Jul–Dec) 0.0671

Volatility Range Comparison

Volatility

The most volatile month in 2023 was February, with a trading range of 0.0037 NZD (High: 0.0660 / Low: 0.0622). On the other end, September was the most stable month, with a tight range of 0.0018 NZD (High: 0.0689 / Low: 0.0671).

February Spread (Volatile) ±0.0037

September Spread (Stable) ±0.0018

Growth Streaks & Declines

Trends

Between January and April, 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 0.0026 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0026

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2023: 0.0687) against the same month in 2022 (average: 0.0710), the exchange rate shifted by -0.0023 (-3.29%).

2023 Avg (October) 0.0687

2022 Avg (October) 0.0710

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0651	0.0624	0.0633
February	0.0660	0.0622	0.0646
March	0.0665	0.0646	0.0654
April	0.0666	0.0643	0.0655
May	0.0673	0.0637	0.0654
June	0.0671	0.0649	0.0660
July	0.0667	0.0633	0.0653
August	0.0688	0.0661	0.0678
September	0.0689	0.0671	0.0681
October	0.0699	0.0671	0.0687
November	0.0690	0.0657	0.0676
December	0.0661	0.0638	0.0650