2023 NZD to TWD Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 NZD to TWD Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the NZD to TWD exchange rate experienced significant fluctuation. The market reached its absolute peak on July 13, valuing the pair at 19.8037. Conversely, the yearly low was recorded on May 31, dropping to 18.4681.
This high-to-low spread represents a total annual volatility of 1.3355 TWD. From a start-to-finish perspective, comparing the January average rate of 19.4670 to the December average rate of 19.4408, the exchange rate registered a net change of -0.13% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2023 high of 19.8037 was down 0.90% compared to the 2022 peak of 19.9837, 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 TWD 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 19.0644, compared to 19.1743 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1099 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was May, with a trading range of 1.0440 TWD (High: 19.5122 / Low: 18.4681). On the other end, November was the most stable month, with a tight range of 0.3507 TWD (High: 19.3259 / Low: 18.9752).
Growth Streaks & Declines
TrendsBetween September and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 0.4550 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (July 2023: 19.4090) against the same month in 2022 (average: 18.5286), the exchange rate shifted by +0.8803 (+4.75%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 19.6816 | 19.1295 | 19.4670 |
| February | 19.3632 | 18.8693 | 19.0120 |
| March | 19.2161 | 18.7842 | 18.9640 |
| April | 19.3042 | 18.7548 | 18.9767 |
| May | 19.5122 | 18.4681 | 19.0594 |
| June | 19.2011 | 18.5566 | 18.9070 |
| July | 19.8037 | 19.1046 | 19.4090 |
| August | 19.4007 | 18.7843 | 19.0526 |
| September | 19.3316 | 18.7549 | 18.9848 |
| October | 19.3919 | 18.7643 | 19.0305 |
| November | 19.3259 | 18.9752 | 19.1280 |
| December | 19.6392 | 19.2486 | 19.4408 |