2023 NZD to GNF Historical Review

YEARLY HIGH

5711.2002 GNF

YEARLY LOW

4982.7152 GNF

YEARLY AVERAGE

5294.1488 GNF

2023 NZD to GNF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the NZD to GNF exchange rate experienced significant fluctuation. The market reached its absolute peak on January 27, valuing the pair at 5711.2002. Conversely, the yearly low was recorded on October 28, dropping to 4982.7152.

This high-to-low spread represents a total annual volatility of 728.4850 GNF. From a start-to-finish perspective, comparing the January average rate of 5551.4709 to the December average rate of 5358.0886, the exchange rate registered a net change of -3.48% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 5711.2002 was down 10.49% compared to the 2022 peak of 6380.1604, 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 28,556,001 GNF

2022 Average 28,022,731 GNF

Yearly Trough Low 24,913,576 GNF

Transaction Impact: A difference of 3,642,424.99 GNF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

5599.6121

5021.9175

JanuMarcMayJulySeptNove

NZD to GNF 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 5388.2255, compared to 5200.0722 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 188.1534 points.

H1 Avg (Jan–Jun) 5388.2255

H2 Avg (Jul–Dec) 5200.0722

Volatility Range Comparison

Volatility

The most volatile month in 2023 was February, with a trading range of 331.6408 GNF (High: 5623.6830 / Low: 5292.0422). On the other end, September was the most stable month, with a tight range of 150.6913 GNF (High: 5185.6741 / Low: 5034.9828).

February Spread (Volatile) ±331.6408

September Spread (Stable) ±150.6913

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 July and August, when the average rate fell by 200.0810 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -200.0810

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 5551.4709) against the same month in 2022 (average: 6131.4282), the exchange rate shifted by -579.9573 (-9.46%).

2023 Avg (January) 5551.4709

2022 Avg (January) 6131.4282

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	5711.2002	5422.8964	5551.4709
February	5623.6830	5292.0422	5429.7805
March	5477.1193	5248.6420	5361.0217
April	5445.1197	5250.0680	5340.7161
May	5493.2614	5190.4297	5353.9758
June	5376.5953	5206.2577	5292.3882
July	5509.9339	5237.7011	5356.5915
August	5295.8631	5066.9097	5156.5105
September	5185.6741	5034.9828	5101.0419
October	5212.2905	4982.7152	5070.0587
November	5292.7878	5039.6020	5158.1417
December	5453.4709	5267.1871	5358.0886