2023 NZD to CAD Historical Review

YEARLY HIGH

0.8698 CAD

YEARLY LOW

0.7977 CAD

YEARLY AVERAGE

0.8291 CAD

2023 NZD to CAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the NZD to CAD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 18, valuing the pair at 0.8698. Conversely, the yearly low was recorded on September 14, dropping to 0.7977.

This high-to-low spread represents a total annual volatility of 0.0721 CAD. From a start-to-finish perspective, comparing the January average rate of 0.8596 to the December average rate of 0.8353, the exchange rate registered a net change of -2.83% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.8698 was down 1.19% compared to the 2022 peak of 0.8803, 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 4,349 CAD

2022 Average 4,134 CAD

Yearly Trough Low 3,989 CAD

Transaction Impact: A difference of 360.62 CAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.8653

0.7977

JanuMarcMayJulySeptNove

NZD to CAD 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 0.8416, compared to 0.8166 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0250 points.

H1 Avg (Jan–Jun) 0.8416

H2 Avg (Jul–Dec) 0.8166

Volatility Range Comparison

Volatility

The most volatile month in 2023 was May, with a trading range of 0.0347 CAD (High: 0.8519 / Low: 0.8172). On the other end, December was the most stable month, with a tight range of 0.0079 CAD (High: 0.8388 / Low: 0.8309).

May Spread (Volatile) ±0.0347

December Spread (Stable) ±0.0079

Growth Streaks & Declines

Trends

Between September and December, 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 May and June, when the average rate fell by 0.0245 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0245

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.8596) against the same month in 2022 (average: 0.8511), the exchange rate shifted by +0.0085 (+1.00%).

2023 Avg (January) 0.8596

2022 Avg (January) 0.8511

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.8698	0.8445	0.8596
February	0.8649	0.8368	0.8452
March	0.8638	0.8402	0.8504
April	0.8500	0.8279	0.8394
May	0.8519	0.8172	0.8398
June	0.8260	0.8037	0.8153
July	0.8429	0.8125	0.8234
August	0.8166	0.8025	0.8074
September	0.8148	0.7977	0.8033
October	0.8206	0.7989	0.8084
November	0.8365	0.8105	0.8221
December	0.8388	0.8309	0.8353