2023 SAR to NZD Historical Review

YEARLY HIGH

0.4602 NZD

YEARLY LOW

0.4090 NZD

YEARLY AVERAGE

0.4343 NZD

2023 SAR to NZD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the SAR to NZD exchange rate experienced significant fluctuation. The market reached its absolute peak on October 25, valuing the pair at 0.4602. Conversely, the yearly low was recorded on February 1, dropping to 0.4090.

This high-to-low spread represents a total annual volatility of 0.0512 NZD. From a start-to-finish perspective, comparing the January average rate of 0.4157 to the December average rate of 0.4281, the exchange rate registered a net change of 2.98% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.4602 was down 3.82% compared to the 2022 peak of 0.4785, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 SAR based on timing:

Yearly Peak High 2,301 NZD

2022 Average 2,101 NZD

Yearly Trough Low 2,045 NZD

Transaction Impact: A difference of 256.10 NZD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.4560

0.4120

JanuMarcMayJulySeptNove

SAR to NZD 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 0.4271, compared to 0.4414 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0143 points.

H1 Avg (Jan–Jun) 0.4271

H2 Avg (Jul–Dec) 0.4414

Volatility Range Comparison

Volatility

The most volatile month in 2023 was February, with a trading range of 0.0246 NZD (High: 0.4336 / Low: 0.4090). On the other end, September was the most stable month, with a tight range of 0.0094 NZD (High: 0.4542 / Low: 0.4448).

February Spread (Volatile) ±0.0246

September Spread (Stable) ±0.0094

Growth Streaks & Declines

Trends

Between January and June, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 0.0166 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0166

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2023: 0.4523) against the same month in 2022 (average: 0.4678), the exchange rate shifted by -0.0155 (-3.32%).

2023 Avg (October) 0.4523

2022 Avg (October) 0.4678

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.4273	0.4101	0.4157
February	0.4336	0.4090	0.4245
March	0.4366	0.4244	0.4291
April	0.4356	0.4219	0.4293
May	0.4426	0.4186	0.4296
June	0.4414	0.4277	0.4346
July	0.4348	0.4170	0.4285
August	0.4517	0.4341	0.4453
September	0.4542	0.4448	0.4498
October	0.4602	0.4414	0.4523
November	0.4534	0.4329	0.4447
December	0.4355	0.4201	0.4281