2023 NZD to KRW Historical Review

YEARLY HIGH

840.6456 KRW

YEARLY LOW

771.1503 KRW

YEARLY AVERAGE

801.8797 KRW

2023 NZD to KRW Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the NZD to KRW exchange rate experienced significant fluctuation. The market reached its absolute peak on May 9, valuing the pair at 840.6456. Conversely, the yearly low was recorded on November 16, dropping to 771.1503.

This high-to-low spread represents a total annual volatility of 69.4953 KRW. From a start-to-finish perspective, comparing the January average rate of 795.8648 to the December average rate of 810.5918, the exchange rate registered a net change of 1.85% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 840.6456 was down 1.54% compared to the 2022 peak of 853.7698, 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 4,203,228 KRW

2022 Average 4,094,580 KRW

Yearly Trough Low 3,855,751 KRW

Transaction Impact: A difference of 347,476.48 KRW purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

828.4310

779.5917

JanuMarcMayJulySeptNove

NZD to KRW 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 808.2212, compared to 795.5381 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 12.6831 points.

H1 Avg (Jan–Jun) 808.2212

H2 Avg (Jul–Dec) 795.5381

Volatility Range Comparison

Volatility

The most volatile month in 2023 was May, with a trading range of 44.3046 KRW (High: 840.6456 / Low: 796.3409). On the other end, January was the most stable month, with a tight range of 15.3113 KRW (High: 803.5054 / Low: 788.1941).

May Spread (Volatile) ±44.3046

January Spread (Stable) ±15.3113

Growth Streaks & Declines

Trends

Between January and May, 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 May and June, when the average rate fell by 29.5138 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -29.5138

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2023: 824.3610) against the same month in 2022 (average: 811.7083), the exchange rate shifted by +12.6527 (+1.56%).

2023 Avg (May) 824.3610

2022 Avg (May) 811.7083

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	803.5054	788.1941	795.8648
February	817.8158	789.1402	803.5804
March	820.9810	803.6578	810.0658
April	832.1767	808.9756	820.6081
May	840.6456	796.3409	824.3610
June	807.9510	781.0313	794.8472
July	809.9248	784.2722	799.6633
August	798.7909	781.7848	792.5240
September	811.0814	782.4949	790.7805
October	812.6609	783.7273	796.0076
November	798.9580	771.1503	783.6616
December	822.5240	800.2577	810.5918