2023 NZD to IDR Historical Review

YEARLY HIGH

9936.7023 IDR

YEARLY LOW

9000.4204 IDR

YEARLY AVERAGE

9359.0534 IDR

2023 NZD to IDR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the NZD to IDR exchange rate experienced significant fluctuation. The market reached its absolute peak on January 8, valuing the pair at 9936.7023. Conversely, the yearly low was recorded on June 7, dropping to 9000.4204.

This high-to-low spread represents a total annual volatility of 936.2819 IDR. From a start-to-finish perspective, comparing the January average rate of 9762.6448 to the December average rate of 9643.7924, the exchange rate registered a net change of -1.22% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 9936.7023 was down 1.04% compared to the 2022 peak of 10040.6395, 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 49,683,512 IDR

2022 Average 47,152,978 IDR

Yearly Trough Low 45,002,102 IDR

Transaction Impact: A difference of 4,681,409.69 IDR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

9827.4228

9050.0869

JanuMarcMayJulySeptNove

NZD to IDR 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 9400.6333, compared to 9317.4735 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 83.1598 points.

H1 Avg (Jan–Jun) 9400.6333

H2 Avg (Jul–Dec) 9317.4735

Volatility Range Comparison

Volatility

The most volatile month in 2023 was April, with a trading range of 424.6837 IDR (High: 9454.7508 / Low: 9030.0672). On the other end, September was the most stable month, with a tight range of 277.1315 IDR (High: 9288.2617 / Low: 9011.1303).

April Spread (Volatile) ±424.6837

September Spread (Stable) ±277.1315

Growth Streaks & Declines

Trends

Between September and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 259.6510 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -259.6510

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 9762.6448) against the same month in 2022 (average: 9660.2021), the exchange rate shifted by +102.4427 (+1.06%).

2023 Avg (January) 9762.6448

2022 Avg (January) 9660.2021

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	9936.7023	9653.7864	9762.6448
February	9705.5029	9378.5526	9524.2742
March	9644.7664	9349.9596	9494.9706
April	9454.7508	9030.0672	9235.3196
May	9389.5120	9029.8060	9215.4806
June	9310.4594	9000.4204	9171.1097
July	9565.0998	9191.9799	9371.8828
August	9305.7705	9015.5533	9141.4599
September	9288.2617	9011.1303	9114.8649
October	9501.5599	9198.4925	9289.9706
November	9579.2436	9224.8792	9342.8704
December	9793.6506	9484.3788	9643.7924