2023 NZD to ZAR Historical Review

YEARLY HIGH

12.2282 ZAR

YEARLY LOW

10.6121 ZAR

YEARLY AVERAGE

11.3261 ZAR

2023 NZD to ZAR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the NZD to ZAR exchange rate experienced significant fluctuation. The market reached its absolute peak on May 20, valuing the pair at 12.2282. Conversely, the yearly low was recorded on January 4, dropping to 10.6121.

This high-to-low spread represents a total annual volatility of 1.6162 ZAR. From a start-to-finish perspective, comparing the January average rate of 10.9397 to the December average rate of 11.5823, the exchange rate registered a net change of 5.87% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 12.2282 was up 8.60% compared to the 2022 peak of 11.2603, 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 61,141 ZAR

2022 Average 51,888 ZAR

Yearly Trough Low 53,060 ZAR

Transaction Impact: A difference of 8,080.90 ZAR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

11.9457

10.8483

JanuMarcMayJulySeptNove

NZD to ZAR 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 11.3607, compared to 11.2914 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0693 points.

H1 Avg (Jan–Jun) 11.3607

H2 Avg (Jul–Dec) 11.2914

Volatility Range Comparison

Volatility

The most volatile month in 2023 was July, with a trading range of 1.0045 ZAR (High: 11.8646 / Low: 10.8601). On the other end, September was the most stable month, with a tight range of 0.2164 ZAR (High: 11.3592 / Low: 11.1427).

July Spread (Volatile) ±1.0045

September Spread (Stable) ±0.2164

Growth Streaks & Declines

Trends

Between January and March, 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 0.3596 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.3596

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2023: 11.8542) against the same month in 2022 (average: 10.1823), the exchange rate shifted by +1.6719 (+16.42%).

2023 Avg (May) 11.8542

2022 Avg (May) 10.1823

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	11.2509	10.6121	10.9397
February	11.3555	11.0464	11.2552
March	11.7754	11.1354	11.3404
April	11.5227	11.0964	11.2801
May	12.2282	11.3398	11.8542
June	11.9018	11.2746	11.4947
July	11.8646	10.8601	11.3360
August	11.5117	10.9817	11.2469
September	11.3592	11.1427	11.2435
October	11.6432	10.8301	11.2207
November	11.6104	10.8626	11.1191
December	11.8669	11.3851	11.5823