2023 NZD to GMD Historical Review

YEARLY HIGH

42.7687 GMD

YEARLY LOW

35.5152 GMD

YEARLY AVERAGE

38.2524 GMD

2023 NZD to GMD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the NZD to GMD exchange rate experienced significant fluctuation. The market reached its absolute peak on December 27, valuing the pair at 42.7687. Conversely, the yearly low was recorded on September 6, dropping to 35.5152.

This high-to-low spread represents a total annual volatility of 7.2535 GMD. From a start-to-finish perspective, comparing the January average rate of 39.7317 to the December average rate of 41.9530, the exchange rate registered a net change of 5.59% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 42.7687 was up 6.81% compared to the 2022 peak of 40.0427, 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 213,844 GMD

2022 Average 175,915 GMD

Yearly Trough Low 177,576 GMD

Transaction Impact: A difference of 36,267.58 GMD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

42.5205

35.7107

JanuMarcMayJulySeptNove

NZD to GMD 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 38.0373, compared to 38.4675 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.4302 points.

H1 Avg (Jan–Jun) 38.0373

H2 Avg (Jul–Dec) 38.4675

Volatility Range Comparison

Volatility

The most volatile month in 2023 was September, with a trading range of 3.4373 GMD (High: 38.9525 / Low: 35.5152). On the other end, June was the most stable month, with a tight range of 1.0986 GMD (High: 37.0121 / Low: 35.9135).

September Spread (Volatile) ±3.4373

June Spread (Stable) ±1.0986

Growth Streaks & Declines

Trends

Between August and December, 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 January and February, when the average rate fell by 1.3572 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -1.3572

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 41.9530) against the same month in 2022 (average: 39.4403), the exchange rate shifted by +2.5127 (+6.37%).

2023 Avg (December) 41.9530

2022 Avg (December) 39.4403

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	40.5383	38.6655	39.7317
February	40.1350	37.5796	38.3744
March	38.9749	37.3066	38.1048
April	39.3275	36.9951	38.4090
May	38.1268	35.8811	37.1080
June	37.0121	35.9135	36.4959
July	38.1256	36.5098	37.1190
August	37.0669	35.8577	36.2782
September	38.9525	35.5152	36.6491
October	39.5444	37.8613	38.6793
November	41.4513	38.2418	40.1262
December	42.7687	41.2463	41.9530