2023 NZD to THB Historical Review

YEARLY HIGH

22.2661 THB

YEARLY LOW

20.7174 THB

YEARLY AVERAGE

21.3424 THB

2023 NZD to THB Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the NZD to THB exchange rate experienced significant fluctuation. The market reached its absolute peak on October 9, valuing the pair at 22.2661. Conversely, the yearly low was recorded on August 24, dropping to 20.7174.

This high-to-low spread represents a total annual volatility of 1.5487 THB. From a start-to-finish perspective, comparing the January average rate of 21.2686 to the December average rate of 21.7388, the exchange rate registered a net change of 2.21% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 22.2661 was down 5.05% compared to the 2022 peak of 23.4503, 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 111,330 THB

2022 Average 111,118 THB

Yearly Trough Low 103,587 THB

Transaction Impact: A difference of 7,743.55 THB purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

21.8144

20.9070

JanuMarcMayJulySeptNove

NZD to THB 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 21.3085, compared to 21.3763 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0678 points.

H1 Avg (Jan–Jun) 21.3085

H2 Avg (Jul–Dec) 21.3763

Volatility Range Comparison

Volatility

The most volatile month in 2023 was October, with a trading range of 1.2970 THB (High: 22.2661 / Low: 20.9691). On the other end, December was the most stable month, with a tight range of 0.2865 THB (High: 21.9091 / Low: 21.6226).

October Spread (Volatile) ±1.2970

December Spread (Stable) ±0.2865

Growth Streaks & Declines

Trends

Between May and July, 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 0.5652 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.5652

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2023: 21.5109) against the same month in 2022 (average: 21.5729), the exchange rate shifted by -0.0620 (-0.29%).

2023 Avg (October) 21.5109

2022 Avg (October) 21.5729

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	21.9875	20.9416	21.2686
February	21.8002	21.0461	21.3942
March	21.6854	21.1409	21.3603
April	21.5527	20.8949	21.2226
May	21.6598	20.8671	21.2133
June	21.7279	20.9743	21.3921
July	22.0943	21.0676	21.5478
August	21.2863	20.7174	20.9826
September	21.9063	20.8647	21.2286
October	22.2661	20.9691	21.5109
November	21.7271	20.8833	21.2488
December	21.9091	21.6226	21.7388