2021 NZD to TOP Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2021.
2021 NZD to TOP Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2021
During 2021, the NZD to TOP exchange rate experienced significant fluctuation. The market reached its absolute peak on February 24, valuing the pair at 1.7039. Conversely, the yearly low was recorded on December 20, dropping to 1.5373.
This high-to-low spread represents a total annual volatility of 0.1666 TOP. From a start-to-finish perspective, comparing the January average rate of 1.6390 to the December average rate of 1.5503, the exchange rate registered a net change of -5.41% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2021 high of 1.7039 was up 3.67% compared to the 2020 peak of 1.6436, 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 2021.
NZD to TOP 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 1.6271, compared to 1.5782 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0490 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2021 was March, with a trading range of 0.0816 TOP (High: 1.6692 / Low: 1.5877). On the other end, December was the most stable month, with a tight range of 0.0210 TOP (High: 1.5583 / Low: 1.5373).
Growth Streaks & Declines
TrendsBetween July and September, 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 May and June, when the average rate fell by 0.0406 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (February 2021: 1.6631) against the same month in 2020 (average: 1.4804), the exchange rate shifted by +0.1827 (+12.34%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 1.6587 | 1.6104 | 1.6390 |
| February | 1.7039 | 1.6436 | 1.6631 |
| March | 1.6692 | 1.5877 | 1.6263 |
| April | 1.6454 | 1.6005 | 1.6210 |
| May | 1.6479 | 1.6073 | 1.6270 |
| June | 1.6122 | 1.5521 | 1.5864 |
| July | 1.5908 | 1.5642 | 1.5778 |
| August | 1.5934 | 1.5504 | 1.5792 |
| September | 1.6063 | 1.5573 | 1.5898 |
| October | 1.6181 | 1.5663 | 1.5898 |
| November | 1.6106 | 1.5530 | 1.5821 |
| December | 1.5583 | 1.5373 | 1.5503 |