2023 NZD to CRC Historical Review

YEARLY HIGH

376.0260 CRC

YEARLY LOW

307.6991 CRC

YEARLY AVERAGE

332.8423 CRC

2023 NZD to CRC Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the NZD to CRC exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 376.0260. Conversely, the yearly low was recorded on October 29, dropping to 307.6991.

This high-to-low spread represents a total annual volatility of 68.3269 CRC. From a start-to-finish perspective, comparing the January average rate of 368.0917 to the December average rate of 327.1056, the exchange rate registered a net change of -11.13% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 376.0260 was down 18.41% compared to the 2022 peak of 460.8496, 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 1,880,130 CRC

2022 Average 2,052,419 CRC

Yearly Trough Low 1,538,496 CRC

Transaction Impact: A difference of 341,634.27 CRC purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

373.5445

308.1113

JanuMarcMayJulySeptNove

NZD to CRC 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 343.2143, compared to 322.4703 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 20.7440 points.

H1 Avg (Jan–Jun) 343.2143

H2 Avg (Jul–Dec) 322.4703

Volatility Range Comparison

Volatility

The most volatile month in 2023 was February, with a trading range of 24.9761 CRC (High: 368.0559 / Low: 343.0797). On the other end, December was the most stable month, with a tight range of 7.6529 CRC (High: 330.5337 / Low: 322.8807).

February Spread (Volatile) ±24.9761

December Spread (Stable) ±7.6529

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 February and March, when the average rate fell by 16.2978 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -16.2978

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 368.0917) against the same month in 2022 (average: 430.5948), the exchange rate shifted by -62.5031 (-14.52%).

2023 Avg (January) 368.0917

2022 Avg (January) 430.5948

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	376.0260	355.5277	368.0917
February	368.0559	343.0797	354.9608
March	349.1225	334.1917	338.6630
April	342.8781	325.3099	332.6118
May	344.3151	324.6514	333.6450
June	337.8159	324.3044	331.3136
July	348.3589	330.4102	336.1791
August	334.6042	315.4115	322.3054
September	321.1982	312.5244	317.4931
October	323.4438	307.6991	313.5641
November	326.1909	311.4497	318.1746
December	330.5337	322.8807	327.1056