2023 NPR to NZD Historical Review

YEARLY HIGH

0.0130 NZD

YEARLY LOW

0.0117 NZD

YEARLY AVERAGE

0.0123 NZD

2023 NPR to NZD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the NPR to NZD exchange rate experienced significant fluctuation. The market reached its absolute peak on October 25, valuing the pair at 0.0130. Conversely, the yearly low was recorded on February 1, dropping to 0.0117.

This high-to-low spread represents a total annual volatility of 0.0013 NZD. From a start-to-finish perspective, comparing the January average rate of 0.0119 to the December average rate of 0.0120, the exchange rate registered a net change of 0.99% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0130 was down 5.32% compared to the 2022 peak of 0.0137, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 65 NZD

2022 Average 63 NZD

Yearly Trough Low 59 NZD

Transaction Impact: A difference of 6.35 NZD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0128

0.0118

JanuMarcMayJulySeptNove

NPR 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 0.0122, compared to 0.0125 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0003 points.

H1 Avg (Jan–Jun) 0.0122

H2 Avg (Jul–Dec) 0.0125

Volatility Range Comparison

Volatility

The most volatile month in 2023 was July, with a trading range of 0.0007 NZD (High: 0.0125 / Low: 0.0118). On the other end, September was the most stable month, with a tight range of 0.0003 NZD (High: 0.0128 / Low: 0.0125).

July Spread (Volatile) ±0.0007

September Spread (Stable) ±0.0003

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 0.0005 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0005

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2023: 0.0128) against the same month in 2022 (average: 0.0134), the exchange rate shifted by -0.0006 (-4.49%).

2023 Avg (October) 0.0128

2022 Avg (October) 0.0134

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0121	0.0118	0.0119
February	0.0123	0.0117	0.0121
March	0.0125	0.0121	0.0122
April	0.0125	0.0120	0.0123
May	0.0126	0.0120	0.0122
June	0.0126	0.0122	0.0124
July	0.0125	0.0118	0.0122
August	0.0128	0.0124	0.0126
September	0.0128	0.0125	0.0127
October	0.0130	0.0124	0.0128
November	0.0128	0.0122	0.0125
December	0.0122	0.0118	0.0120