2023 NZD to KPW Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 NZD to KPW Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the NZD to KPW exchange rate experienced significant fluctuation. The market reached its absolute peak on February 1, valuing the pair at 586.3880. Conversely, the yearly low was recorded on October 25, dropping to 521.2994.
This high-to-low spread represents a total annual volatility of 65.0886 KPW. From a start-to-finish perspective, comparing the January average rate of 576.5213 to the December average rate of 560.5995, the exchange rate registered a net change of -2.76% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2023 high of 586.3880 was down 6.60% compared to the 2022 peak of 627.7994, 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 KPW 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 561.7064, compared to 543.9303 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 17.7761 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was February, with a trading range of 32.8430 KPW (High: 586.3880 / Low: 553.5450). On the other end, September was the most stable month, with a tight range of 11.2243 KPW (High: 539.5499 / Low: 528.3256).
Growth Streaks & Declines
TrendsBetween 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 21.1748 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (February 2023: 565.2553) against the same month in 2022 (average: 600.7321), the exchange rate shifted by -35.4769 (-5.91%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 584.5439 | 560.3699 | 576.5213 |
| February | 586.3880 | 553.5450 | 565.2553 |
| March | 564.5699 | 549.0751 | 558.6496 |
| April | 568.5907 | 550.8333 | 558.8909 |
| May | 573.3361 | 542.1014 | 558.6990 |
| June | 561.0994 | 543.7327 | 552.2220 |
| July | 575.2398 | 551.7854 | 560.1143 |
| August | 552.5506 | 531.1800 | 538.9396 |
| September | 539.5499 | 528.3256 | 533.5388 |
| October | 543.7035 | 521.2994 | 530.5592 |
| November | 554.1210 | 529.0949 | 539.8304 |
| December | 571.3078 | 551.0016 | 560.5995 |