2023 NZD to MXN Historical Review

YEARLY HIGH

12.3899 MXN

YEARLY LOW

9.8884 MXN

YEARLY AVERAGE

10.8993 MXN

2023 NZD to MXN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the NZD to MXN exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 12.3899. Conversely, the yearly low was recorded on August 26, dropping to 9.8884.

This high-to-low spread represents a total annual volatility of 2.5015 MXN. From a start-to-finish perspective, comparing the January average rate of 12.1470 to the December average rate of 10.6917, the exchange rate registered a net change of -11.98% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 12.3899 was down 14.94% compared to the 2022 peak of 14.5662, 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 61,949 MXN

2022 Average 63,953 MXN

Yearly Trough Low 49,442 MXN

Transaction Impact: A difference of 12,507.27 MXN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

12.3445

9.9750

JanuMarcMayJulySeptNove

NZD to MXN 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 11.3433, compared to 10.4552 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.8881 points.

H1 Avg (Jan–Jun) 11.3433

H2 Avg (Jul–Dec) 10.4552

Volatility Range Comparison

Volatility

The most volatile month in 2023 was March, with a trading range of 0.8755 MXN (High: 11.8649 / Low: 10.9894). On the other end, December was the most stable month, with a tight range of 0.1541 MXN (High: 10.7691 / Low: 10.6150).

March Spread (Volatile) ±0.8755

December Spread (Stable) ±0.1541

Growth Streaks & Declines

Trends

Between August and October, 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 January and February, when the average rate fell by 0.4660 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.4660

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 12.1470) against the same month in 2022 (average: 13.8172), the exchange rate shifted by -1.6702 (-12.09%).

2023 Avg (January) 12.1470

2022 Avg (January) 13.8172

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	12.3899	11.9846	12.1470
February	12.1160	11.3089	11.6810
March	11.8649	10.9894	11.4257
April	11.5687	11.0436	11.2201
May	11.2715	10.6384	11.0052
June	10.6794	10.3811	10.5808
July	10.7726	10.2754	10.5297
August	10.5441	9.8884	10.1724
September	10.4640	10.0745	10.2543
October	10.9838	10.4391	10.6622
November	10.7076	10.2837	10.4209
December	10.7691	10.6150	10.6917