YEARLY HIGH
6.7651 SEK
YEARLY LOW
6.2979 SEK
YEARLY AVERAGE
6.5145 SEK

2023 NZD to SEK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the NZD to SEK exchange rate experienced significant fluctuation. The market reached its absolute peak on July 5, valuing the pair at 6.7651. Conversely, the yearly low was recorded on December 24, dropping to 6.2979.

This high-to-low spread represents a total annual volatility of 0.4672 SEK. From a start-to-finish perspective, comparing the January average rate of 6.6553 to the December average rate of 6.3792, the exchange rate registered a net change of -4.15% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 6.7651 was down 0.87% compared to the 2022 peak of 6.8243, 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 33,825 SEK
2022 Average 32,072 SEK
Yearly Trough Low 31,489 SEK
Transaction Impact: A difference of 2,335.85 SEK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

6.6829
6.3515
JanuMarcMayJulySeptNove

NZD to SEK 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 6.5465, compared to 6.4825 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0641 points.

H1 Avg (Jan–Jun) 6.5465
H2 Avg (Jul–Dec) 6.4825

Volatility Range Comparison

Volatility

The most volatile month in 2023 was July, with a trading range of 0.3453 SEK (High: 6.7651 / Low: 6.4198). On the other end, August was the most stable month, with a tight range of 0.1059 SEK (High: 6.5428 / Low: 6.4369).

July Spread (Volatile) ±0.3453
August Spread (Stable) ±0.1059

Growth Streaks & Declines

Trends

Between April and June, 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 0.0972 points.

Longest Streak 2 Mo.
Sharpest MoM Drop -0.0972

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2023: 6.5511) against the same month in 2022 (average: 6.4316), the exchange rate shifted by +0.1195 (+1.86%).

2023 Avg (July) 6.5511
2022 Avg (July) 6.4316

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 6.7260 6.5949 6.6553
February 6.7243 6.4030 6.5672
March 6.6702 6.4027 6.5230
April 6.5803 6.3153 6.4258
May 6.6745 6.3672 6.5047
June 6.6618 6.5464 6.6029
July 6.7651 6.4198 6.5511
August 6.5428 6.4369 6.4868
September 6.6397 6.5163 6.5756
October 6.6038 6.3971 6.4988
November 6.5611 6.3073 6.4032
December 6.4761 6.2979 6.3792