2023 NZD to PHP Historical Review

YEARLY HIGH

35.5305 PHP

YEARLY LOW

32.9138 PHP

YEARLY AVERAGE

34.1499 PHP

2023 NZD to PHP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the NZD to PHP exchange rate experienced significant fluctuation. The market reached its absolute peak on January 24, valuing the pair at 35.5305. Conversely, the yearly low was recorded on November 13, dropping to 32.9138.

This high-to-low spread represents a total annual volatility of 2.6167 PHP. From a start-to-finish perspective, comparing the January average rate of 35.1861 to the December average rate of 34.5825, the exchange rate registered a net change of -1.72% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 35.5305 was down 2.75% compared to the 2022 peak of 36.5344, 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 177,653 PHP

2022 Average 172,878 PHP

Yearly Trough Low 164,569 PHP

Transaction Impact: A difference of 13,083.39 PHP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

35.3630

33.2411

JanuMarcMayJulySeptNove

NZD to PHP 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 34.4627, compared to 33.8371 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.6256 points.

H1 Avg (Jan–Jun) 34.4627

H2 Avg (Jul–Dec) 33.8371

Volatility Range Comparison

Volatility

The most volatile month in 2023 was May, with a trading range of 1.6535 PHP (High: 35.4449 / Low: 33.7914). On the other end, September was the most stable month, with a tight range of 0.7010 PHP (High: 34.0572 / Low: 33.3561).

May Spread (Volatile) ±1.6535

September Spread (Stable) ±0.7010

Growth Streaks & Declines

Trends

Between March and May, 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 January and February, when the average rate fell by 0.7376 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.7376

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 35.1861) against the same month in 2022 (average: 34.5222), the exchange rate shifted by +0.6640 (+1.92%).

2023 Avg (January) 35.1861

2022 Avg (January) 34.5222

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	35.5305	34.8220	35.1861
February	35.2549	33.9288	34.4486
March	34.4710	33.5493	33.9714
April	34.9810	33.7828	34.3091
May	35.4449	33.7914	34.6182
June	34.7825	33.5801	34.2428
July	34.7669	33.7434	34.1690
August	34.3271	33.2757	33.7140
September	34.0572	33.3561	33.6676
October	34.3430	32.9290	33.4718
November	34.1877	32.9138	33.4179
December	35.2776	33.9071	34.5825

2023 இந்திய ரூபாய் முதல் பவுண்ட் வரையிலான வரலாற்று ஆய்வு