2023 NZD to AED Historical Review

YEARLY HIGH

2.3931 AED

YEARLY LOW

2.1275 AED

YEARLY AVERAGE

2.2560 AED

2023 NZD to AED Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the NZD to AED exchange rate experienced significant fluctuation. The market reached its absolute peak on February 1, valuing the pair at 2.3931. Conversely, the yearly low was recorded on October 25, dropping to 2.1275.

This high-to-low spread represents a total annual volatility of 0.2656 AED. From a start-to-finish perspective, comparing the January average rate of 2.3528 to the December average rate of 2.2876, the exchange rate registered a net change of -2.77% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 2.3931 was down 6.60% compared to the 2022 peak of 2.5621, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 11,965 AED

2022 Average 11,678 AED

Yearly Trough Low 10,638 AED

Transaction Impact: A difference of 1,327.90 AED purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

2.3716

2.1465

JanuMarcMayJulySeptNove

NZD to AED 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 2.2922, compared to 2.2198 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0724 points.

H1 Avg (Jan–Jun) 2.2922

H2 Avg (Jul–Dec) 2.2198

Volatility Range Comparison

Volatility

The most volatile month in 2023 was February, with a trading range of 0.1340 AED (High: 2.3931 / Low: 2.2591). On the other end, September was the most stable month, with a tight range of 0.0458 AED (High: 2.2020 / Low: 2.1562).

February Spread (Volatile) ±0.1340

September Spread (Stable) ±0.0458

Growth Streaks & Declines

Trends

Between October and December, 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 July and August, when the average rate fell by 0.0864 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0864

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2023: 2.3069) against the same month in 2022 (average: 2.4517), the exchange rate shifted by -0.1448 (-5.91%).

2023 Avg (February) 2.3069

2022 Avg (February) 2.4517

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.3856	2.2869	2.3528
February	2.3931	2.2591	2.3069
March	2.3039	2.2407	2.2797
April	2.3202	2.2476	2.2805
May	2.3393	2.2124	2.2796
June	2.2898	2.2190	2.2537
July	2.3477	2.2519	2.2859
August	2.2551	2.1678	2.1995
September	2.2020	2.1562	2.1774
October	2.2190	2.1275	2.1653
November	2.2611	2.1593	2.2030
December	2.3314	2.2483	2.2876