2023 NZD to LRD Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 NZD to LRD Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the NZD to LRD exchange rate experienced significant fluctuation. The market reached its absolute peak on December 27, valuing the pair at 119.6255. Conversely, the yearly low was recorded on February 24, dropping to 94.5799.
This high-to-low spread represents a total annual volatility of 25.0457 LRD. From a start-to-finish perspective, comparing the January average rate of 99.5358 to the December average rate of 117.2471, the exchange rate registered a net change of 17.79% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 119.6255 was up 11.90% compared to the 2022 peak of 106.9003, 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 LRD 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 101.4853, compared to 112.7403 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 11.2551 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was June, with a trading range of 8.0563 LRD (High: 110.6221 / Low: 102.5658). On the other end, September was the most stable month, with a tight range of 2.4733 LRD (High: 111.8367 / Low: 109.3634).
Growth Streaks & Declines
TrendsBetween February and July, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between July and August, when the average rate fell by 2.7701 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2023: 117.2471) against the same month in 2022 (average: 97.9860), the exchange rate shifted by +19.2611 (+19.66%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 101.7582 | 96.1968 | 99.5358 |
| February | 102.2270 | 94.5799 | 98.2723 |
| March | 101.7159 | 95.4179 | 98.9953 |
| April | 102.6306 | 100.1434 | 101.2928 |
| May | 106.0672 | 101.5071 | 103.6541 |
| June | 110.6221 | 102.5658 | 107.1614 |
| July | 117.4128 | 110.4184 | 114.3381 |
| August | 114.5008 | 109.7772 | 111.5680 |
| September | 111.8367 | 109.3634 | 110.4706 |
| October | 112.8487 | 108.3145 | 110.1683 |
| November | 115.7805 | 110.2281 | 112.6500 |
| December | 119.6255 | 115.1899 | 117.2471 |