2023 NZD to XAF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 NZD to XAF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the NZD to XAF exchange rate experienced significant fluctuation. The market reached its absolute peak on January 22, valuing the pair at 391.7651. Conversely, the yearly low was recorded on August 19, dropping to 356.7266.
This high-to-low spread represents a total annual volatility of 35.0385 XAF. From a start-to-finish perspective, comparing the January average rate of 389.4989 to the December average rate of 374.0401, the exchange rate registered a net change of -3.97% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2023 high of 391.7651 was down 6.23% compared to the 2022 peak of 417.7740, 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 XAF 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 378.4272, compared to 366.1649 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 12.2623 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was April, with a trading range of 17.1276 XAF (High: 380.0866 / Low: 362.9590). On the other end, December was the most stable month, with a tight range of 5.2578 XAF (High: 376.0052 / Low: 370.7474).
Growth Streaks & Declines
TrendsBetween August and October, 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 March and April, when the average rate fell by 9.2929 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (January 2023: 389.4989) against the same month in 2022 (average: 390.5058), the exchange rate shifted by -1.0069 (-0.26%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 391.7651 | 385.7871 | 389.4989 |
| February | 389.4922 | 381.0782 | 384.9281 |
| March | 385.2187 | 375.9934 | 380.0052 |
| April | 380.0866 | 362.9590 | 370.7123 |
| May | 381.3794 | 367.1630 | 374.2665 |
| June | 374.9065 | 364.9872 | 371.1521 |
| July | 373.5624 | 363.4731 | 369.1627 |
| August | 365.8545 | 356.7266 | 360.0250 |
| September | 371.6766 | 359.0727 | 364.1741 |
| October | 373.9601 | 359.5796 | 365.9937 |
| November | 370.7405 | 360.2698 | 363.5939 |
| December | 376.0052 | 370.7474 | 374.0401 |