2023 NZD to MDL Historical Review

YEARLY HIGH

12.2900 MDL

YEARLY LOW

10.4182 MDL

YEARLY AVERAGE

11.1214 MDL

2023 NZD to MDL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the NZD to MDL exchange rate experienced significant fluctuation. The market reached its absolute peak on January 22, valuing the pair at 12.2900. Conversely, the yearly low was recorded on August 16, dropping to 10.4182.

This high-to-low spread represents a total annual volatility of 1.8718 MDL. From a start-to-finish perspective, comparing the January average rate of 12.1643 to the December average rate of 10.9656, the exchange rate registered a net change of -9.85% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 12.2900 was down 4.16% compared to the 2022 peak of 12.8229, 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 61,450 MDL

2022 Average 59,921 MDL

Yearly Trough Low 52,091 MDL

Transaction Impact: A difference of 9,358.87 MDL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

12.3221

10.4283

JanuMarcMayJulySeptNove

NZD to MDL 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 11.4528, compared to 10.7900 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.6628 points.

H1 Avg (Jan–Jun) 11.4528

H2 Avg (Jul–Dec) 10.7900

Volatility Range Comparison

Volatility

The most volatile month in 2023 was July, with a trading range of 0.8973 MDL (High: 11.5632 / Low: 10.6660). On the other end, December was the most stable month, with a tight range of 0.3227 MDL (High: 11.1053 / Low: 10.7827).

July Spread (Volatile) ±0.8973

December Spread (Stable) ±0.3227

Growth Streaks & Declines

Trends

Between 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 0.5528 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.5528

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 12.1643) against the same month in 2022 (average: 12.0782), the exchange rate shifted by +0.0861 (+0.71%).

2023 Avg (January) 12.1643

2022 Avg (January) 12.0782

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	12.2900	11.9485	12.1643
February	12.2367	11.5698	11.7894
March	11.8060	11.4304	11.5491
April	11.5393	10.9891	11.2020
May	11.3182	10.6930	11.0293
June	11.2326	10.7376	10.9826
July	11.5632	10.6660	11.1389
August	10.8972	10.4182	10.5861
September	10.9645	10.4633	10.6560
October	10.9763	10.4534	10.6887
November	10.9113	10.4884	10.7047
December	11.1053	10.7827	10.9656