2024 NZD to DJF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 NZD to DJF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the NZD to DJF exchange rate experienced significant fluctuation. The market reached its absolute peak on September 24, valuing the pair at 112.9175. Conversely, the yearly low was recorded on December 31, dropping to 99.4636.
This high-to-low spread represents a total annual volatility of 13.4538 DJF. From a start-to-finish perspective, comparing the January average rate of 109.8507 to the December average rate of 102.0627, the exchange rate registered a net change of -7.09% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2024 high of 112.9175 was down 2.45% compared to the 2023 peak of 115.7545, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 NZD based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
NZD to DJF Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 108.2786, compared to 106.8912 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 1.3874 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was August, with a trading range of 6.3073 DJF (High: 111.3696 / Low: 105.0623). On the other end, June was the most stable month, with a tight range of 2.1857 DJF (High: 110.2098 / Low: 108.0241).
Growth Streaks & Declines
TrendsBetween April and June, 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 November and December, when the average rate fell by 3.0059 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (September 2024: 110.7814) against the same month in 2023 (average: 105.5313), the exchange rate shifted by +5.2501 (+4.97%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 112.2855 | 108.0833 | 109.8507 |
| February | 110.2908 | 107.6725 | 109.0448 |
| March | 109.8844 | 106.1100 | 107.9939 |
| April | 107.8359 | 104.4798 | 105.8583 |
| May | 109.5358 | 105.4086 | 107.8596 |
| June | 110.2098 | 108.0241 | 109.0641 |
| July | 109.4364 | 104.4666 | 107.2797 |
| August | 111.3696 | 105.0623 | 108.0930 |
| September | 112.9175 | 109.0083 | 110.7814 |
| October | 111.6525 | 106.0520 | 108.0614 |
| November | 107.0414 | 103.1292 | 105.0687 |
| December | 104.9488 | 99.4636 | 102.0627 |