2023 NZD to AFN Historical Review

YEARLY HIGH

58.5878 AFN

YEARLY LOW

41.2052 AFN

YEARLY AVERAGE

50.8805 AFN

2023 NZD to AFN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the NZD to AFN exchange rate experienced significant fluctuation. The market reached its absolute peak on February 1, valuing the pair at 58.5878. Conversely, the yearly low was recorded on November 18, dropping to 41.2052.

This high-to-low spread represents a total annual volatility of 17.3826 AFN. From a start-to-finish perspective, comparing the January average rate of 56.9207 to the December average rate of 43.5732, the exchange rate registered a net change of -23.45% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 58.5878 was down 18.74% compared to the 2022 peak of 72.1000, 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 292,939 AFN

2022 Average 286,536 AFN

Yearly Trough Low 206,026 AFN

Transaction Impact: A difference of 86,913.03 AFN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

58.3276

41.4450

JanuMarcMayJulySeptNove

NZD to AFN 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 54.8207, compared to 46.9403 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 7.8804 points.

H1 Avg (Jan–Jun) 54.8207

H2 Avg (Jul–Dec) 46.9403

Volatility Range Comparison

Volatility

The most volatile month in 2023 was September, with a trading range of 5.4750 AFN (High: 48.5196 / Low: 43.0446). On the other end, June was the most stable month, with a tight range of 1.9759 AFN (High: 54.3814 / Low: 52.4056).

September Spread (Volatile) ±5.4750

June Spread (Stable) ±1.9759

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2023. Conversely, the sharpest month-over-month decline occurred between August and September, when the average rate fell by 4.3441 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -4.3441

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2023: 56.3116) against the same month in 2022 (average: 62.2564), the exchange rate shifted by -5.9448 (-9.55%).

2023 Avg (February) 56.3116

2022 Avg (February) 62.2564

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	58.0767	54.8698	56.9207
February	58.5878	54.1041	56.3116
March	55.7048	53.2013	54.3804
April	56.8614	52.5424	53.7997
May	56.0835	52.6002	54.3095
June	54.3814	52.4056	53.2021
July	55.4086	52.4776	53.9094
August	53.1877	48.5119	50.5599
September	48.5196	43.0446	46.2158
October	46.6184	42.8131	44.5314
November	44.2899	41.2052	42.8519
December	44.7551	42.4231	43.5732