2023 NZD to ISK Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 NZD to ISK Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the NZD to ISK exchange rate experienced significant fluctuation. The market reached its absolute peak on January 24, valuing the pair at 93.3322. Conversely, the yearly low was recorded on August 30, dropping to 77.6286.
This high-to-low spread represents a total annual volatility of 15.7035 ISK. From a start-to-finish perspective, comparing the January average rate of 91.5354 to the December average rate of 85.8554, the exchange rate registered a net change of -6.21% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2023 high of 93.3322 was up 1.59% compared to the 2022 peak of 91.8709, 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 2023.
NZD to ISK 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 87.2531, compared to 82.1987 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 5.0544 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was September, with a trading range of 4.0923 ISK (High: 82.6051 / Low: 78.5128). On the other end, December was the most stable month, with a tight range of 1.3019 ISK (High: 86.3702 / Low: 85.0683).
Growth Streaks & Declines
TrendsBetween 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 July and August, when the average rate fell by 3.6320 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (January 2023: 91.5354) against the same month in 2022 (average: 86.9398), the exchange rate shifted by +4.5955 (+5.29%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 93.3322 | 89.8549 | 91.5354 |
| February | 91.1217 | 88.4784 | 89.8488 |
| March | 88.8113 | 84.9341 | 86.8444 |
| April | 86.6343 | 83.0550 | 84.7630 |
| May | 88.0424 | 84.1119 | 85.9473 |
| June | 85.5845 | 82.6294 | 84.5798 |
| July | 85.0297 | 80.9530 | 82.5759 |
| August | 80.5264 | 77.6286 | 78.9439 |
| September | 82.6051 | 78.5128 | 80.2264 |
| October | 83.3497 | 80.6648 | 81.7010 |
| November | 85.3614 | 82.0156 | 83.8895 |
| December | 86.3702 | 85.0683 | 85.8554 |