2023 NZD to SRD Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 NZD to SRD Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the NZD to SRD exchange rate experienced significant fluctuation. The market reached its absolute peak on July 16, valuing the pair at 24.2537. Conversely, the yearly low was recorded on January 5, dropping to 19.6752.
This high-to-low spread represents a total annual volatility of 4.5785 SRD. From a start-to-finish perspective, comparing the January average rate of 20.3819 to the December average rate of 23.2714, the exchange rate registered a net change of 14.18% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 24.2537 was up 17.66% compared to the 2022 peak of 20.6137, 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 SRD 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 21.9345, compared to 22.9687 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 1.0343 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was March, with a trading range of 2.0861 SRD (High: 22.5898 / Low: 20.5038). On the other end, September was the most stable month, with a tight range of 0.5020 SRD (High: 22.9743 / Low: 22.4724).
Growth Streaks & Declines
TrendsBetween 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 July and August, when the average rate fell by 0.7256 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (July 2023: 23.6445) against the same month in 2022 (average: 14.2064), the exchange rate shifted by +9.4381 (+66.44%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 21.0351 | 19.6752 | 20.3819 |
| February | 21.1494 | 20.3120 | 20.6013 |
| March | 22.5898 | 20.5038 | 21.4734 |
| April | 23.2458 | 22.4680 | 22.8356 |
| May | 24.1279 | 22.4409 | 23.1817 |
| June | 23.6908 | 22.6053 | 23.1328 |
| July | 24.2537 | 22.8699 | 23.6445 |
| August | 23.6750 | 22.5368 | 22.9190 |
| September | 22.9743 | 22.4724 | 22.7049 |
| October | 22.9971 | 22.0098 | 22.4895 |
| November | 23.3371 | 22.3450 | 22.7831 |
| December | 23.5042 | 22.9483 | 23.2714 |