2023 NZD to GBP Historical Review

YEARLY HIGH

0.5298 GBP

YEARLY LOW

0.4647 GBP

YEARLY AVERAGE

0.4941 GBP

2023 NZD to GBP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the NZD to GBP exchange rate experienced significant fluctuation. The market reached its absolute peak on February 2, valuing the pair at 0.5298. Conversely, the yearly low was recorded on August 21, dropping to 0.4647.

This high-to-low spread represents a total annual volatility of 0.0651 GBP. From a start-to-finish perspective, comparing the January average rate of 0.5232 to the December average rate of 0.4918, the exchange rate registered a net change of -6.00% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.5298 was down 0.38% compared to the 2022 peak of 0.5318, 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 2,649 GBP

2022 Average 2,572 GBP

Yearly Trough Low 2,323 GBP

Transaction Impact: A difference of 325.65 GBP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.5283

0.4663

JanuMarcMayJulySeptNove

NZD to GBP 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 0.5062, compared to 0.4820 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0242 points.

H1 Avg (Jan–Jun) 0.5062

H2 Avg (Jul–Dec) 0.4820

Volatility Range Comparison

Volatility

The most volatile month in 2023 was September, with a trading range of 0.0234 GBP (High: 0.4915 / Low: 0.4681). On the other end, July was the most stable month, with a tight range of 0.0081 GBP (High: 0.4873 / Low: 0.4792).

September Spread (Volatile) ±0.0234

July Spread (Stable) ±0.0081

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 March and April, when the average rate fell by 0.0124 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0124

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2023: 0.5206) against the same month in 2022 (average: 0.4932), the exchange rate shifted by +0.0273 (+5.54%).

2023 Avg (February) 0.5206

2022 Avg (February) 0.4932

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.5267	0.5160	0.5232
February	0.5298	0.5110	0.5206
March	0.5205	0.5044	0.5114
April	0.5071	0.4908	0.4990
May	0.5055	0.4840	0.4975
June	0.4896	0.4804	0.4855
July	0.4873	0.4792	0.4832
August	0.4798	0.4647	0.4715
September	0.4915	0.4681	0.4786
October	0.4923	0.4776	0.4844
November	0.4875	0.4790	0.4826
December	0.4974	0.4865	0.4918