2023 MVR to NZD Historical Review

YEARLY HIGH

0.1121 NZD

YEARLY LOW

0.0999 NZD

YEARLY AVERAGE

0.1060 NZD

2023 MVR to NZD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MVR to NZD exchange rate experienced significant fluctuation. The market reached its absolute peak on October 25, valuing the pair at 0.1121. Conversely, the yearly low was recorded on February 1, dropping to 0.0999.

This high-to-low spread represents a total annual volatility of 0.0122 NZD. From a start-to-finish perspective, comparing the January average rate of 0.1015 to the December average rate of 0.1044, the exchange rate registered a net change of 2.92% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.1121 was down 3.60% compared to the 2022 peak of 0.1163, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 561 NZD

2022 Average 511 NZD

Yearly Trough Low 500 NZD

Transaction Impact: A difference of 60.92 NZD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.1111

0.1006

JanuMarcMayJulySeptNove

MVR 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 0.1044, compared to 0.1076 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0033 points.

H1 Avg (Jan–Jun) 0.1044

H2 Avg (Jul–Dec) 0.1076

Volatility Range Comparison

Volatility

The most volatile month in 2023 was May, with a trading range of 0.0063 NZD (High: 0.1085 / Low: 0.1022). On the other end, September was the most stable month, with a tight range of 0.0020 NZD (High: 0.1104 / Low: 0.1083).

May Spread (Volatile) ±0.0063

September Spread (Stable) ±0.0020

Growth Streaks & Declines

Trends

Between January and June, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 0.0041 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0041

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2023: 0.1103) against the same month in 2022 (average: 0.1139), the exchange rate shifted by -0.0036 (-3.19%).

2023 Avg (October) 0.1103

2022 Avg (October) 0.1139

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1042	0.1002	0.1015
February	0.1059	0.0999	0.1037
March	0.1068	0.1035	0.1048
April	0.1064	0.1030	0.1049
May	0.1085	0.1022	0.1050
June	0.1078	0.1045	0.1062
July	0.1065	0.1015	0.1045
August	0.1100	0.1060	0.1086
September	0.1104	0.1083	0.1094
October	0.1121	0.1074	0.1103
November	0.1115	0.1058	0.1085
December	0.1064	0.1025	0.1044