2023 NZD to CVE Historical Review

YEARLY HIGH

66.6780 CVE

YEARLY LOW

59.9540 CVE

YEARLY AVERAGE

62.7003 CVE

2023 NZD to CVE Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the NZD to CVE exchange rate experienced significant fluctuation. The market reached its absolute peak on January 8, valuing the pair at 66.6780. Conversely, the yearly low was recorded on August 19, dropping to 59.9540.

This high-to-low spread represents a total annual volatility of 6.7240 CVE. From a start-to-finish perspective, comparing the January average rate of 65.6442 to the December average rate of 63.0109, the exchange rate registered a net change of -4.01% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 66.6780 was down 5.01% compared to the 2022 peak of 70.1915, 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 333,390 CVE

2022 Average 333,424 CVE

Yearly Trough Low 299,770 CVE

Transaction Impact: A difference of 33,620.24 CVE purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

66.1542

60.0338

JanuMarcMayJulySeptNove

NZD to CVE 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 63.7644, compared to 61.6361 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 2.1283 points.

H1 Avg (Jan–Jun) 63.7644

H2 Avg (Jul–Dec) 61.6361

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 3.1757 CVE (High: 64.5549 / Low: 61.3792). On the other end, March was the most stable month, with a tight range of 1.6670 CVE (High: 64.9163 / Low: 63.2493).

June Spread (Volatile) ±3.1757

March Spread (Stable) ±1.6670

Growth Streaks & Declines

Trends

Between August and October, 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 1.5806 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -1.5806

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 65.6442) against the same month in 2022 (average: 65.8448), the exchange rate shifted by -0.2006 (-0.30%).

2023 Avg (January) 65.6442

2022 Avg (January) 65.8448

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	66.6780	64.5256	65.6442
February	66.0530	63.7998	64.7273
March	64.9163	63.2493	63.9745
April	64.0104	61.2255	62.5343
May	64.4680	62.0257	63.1015
June	64.5549	61.3792	62.6046
July	63.4541	61.0644	62.1244
August	61.7668	59.9540	60.5438
September	62.7676	60.3844	61.2242
October	63.1499	60.4856	61.5923
November	62.9385	60.5475	61.3210
December	64.2315	62.5043	63.0109