2023 NZD to CDF Historical Review

YEARLY HIGH

1757.4434 CDF

YEARLY LOW

1256.8576 CDF

YEARLY AVERAGE

1432.2867 CDF

2023 NZD to CDF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the NZD to CDF exchange rate experienced significant fluctuation. The market reached its absolute peak on December 21, valuing the pair at 1757.4434. Conversely, the yearly low was recorded on April 22, dropping to 1256.8576.

This high-to-low spread represents a total annual volatility of 500.5858 CDF. From a start-to-finish perspective, comparing the January average rate of 1312.4119 to the December average rate of 1695.8887, the exchange rate registered a net change of 29.22% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 1757.4434 was up 25.31% compared to the 2022 peak of 1402.4552, 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 8,787,217 CDF

2022 Average 6,419,432 CDF

Yearly Trough Low 6,284,288 CDF

Transaction Impact: A difference of 2,502,929.04 CDF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

1737.1150

1242.3988

JanuMarcMayJulySeptNove

NZD to CDF 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 1331.6294, compared to 1532.9439 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 201.3145 points.

H1 Avg (Jan–Jun) 1331.6294

H2 Avg (Jul–Dec) 1532.9439

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 221.0974 CDF (High: 1676.4235 / Low: 1455.3261). On the other end, September was the most stable month, with a tight range of 39.4154 CDF (High: 1494.5532 / Low: 1455.1379).

November Spread (Volatile) ±221.0974

September Spread (Stable) ±39.4154

Growth Streaks & Declines

Trends

Between March and July, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between July and August, when the average rate fell by 53.8407 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -53.8407

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 1695.8887) against the same month in 2022 (average: 1299.8818), the exchange rate shifted by +396.0069 (+30.46%).

2023 Avg (December) 1695.8887

2022 Avg (December) 1299.8818

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1343.9343	1271.7249	1312.4119
February	1338.0543	1257.7773	1295.3619
March	1303.1857	1261.6103	1283.6252
April	1341.2888	1256.8576	1292.3249
May	1455.5971	1266.8775	1357.8091
June	1479.2681	1405.5930	1448.2435
July	1583.9926	1477.5586	1536.6502
August	1523.1875	1450.8889	1482.8095
September	1494.5532	1455.1379	1472.4045
October	1512.2111	1452.1828	1484.3226
November	1676.4235	1455.3261	1525.5879
December	1757.4434	1637.1758	1695.8887