2023 NZD to NPR Historical Review

YEARLY HIGH

85.4498 NPR

YEARLY LOW

77.0802 NPR

YEARLY AVERAGE

81.1180 NPR

2023 NZD to NPR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the NZD to NPR exchange rate experienced significant fluctuation. The market reached its absolute peak on February 1, valuing the pair at 85.4498. Conversely, the yearly low was recorded on October 25, dropping to 77.0802.

This high-to-low spread represents a total annual volatility of 8.3696 NPR. From a start-to-finish perspective, comparing the January average rate of 83.8589 to the December average rate of 83.0390, the exchange rate registered a net change of -0.98% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 85.4498 was up 0.18% compared to the 2022 peak of 85.2921, 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 427,249 NPR

2022 Average 399,109 NPR

Yearly Trough Low 385,401 NPR

Transaction Impact: A difference of 41,848.05 NPR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

84.4020

77.8852

JanuMarcMayJulySeptNove

NZD to NPR 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 82.0468, compared to 80.1892 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 1.8576 points.

H1 Avg (Jan–Jun) 82.0468

H2 Avg (Jul–Dec) 80.1892

Volatility Range Comparison

Volatility

The most volatile month in 2023 was July, with a trading range of 4.7146 NPR (High: 84.6490 / Low: 79.9344). On the other end, September was the most stable month, with a tight range of 1.7962 NPR (High: 79.8267 / Low: 78.0305).

July Spread (Volatile) ±4.7146

September Spread (Stable) ±1.7962

Growth Streaks & Declines

Trends

Between 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 2.4139 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -2.4139

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2023: 82.9956) against the same month in 2022 (average: 80.0239), the exchange rate shifted by +2.9717 (+3.71%).

2023 Avg (February) 82.9956

2022 Avg (February) 80.0239

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	84.8641	82.4324	83.8589
February	85.4498	81.4089	82.9956
March	82.5890	79.7315	81.6475
April	83.2050	79.7066	81.3697
May	83.6712	79.6757	81.7243
June	81.9420	79.5358	80.6849
July	84.6490	79.9344	81.7525
August	80.8436	78.0452	79.3386
September	79.8267	78.0305	78.7339
October	80.5006	77.0802	78.4283
November	82.1541	78.1761	79.8428
December	84.7466	81.7416	83.0390