2023 WST to NZD Historical Review

YEARLY HIGH

0.6298 NZD

YEARLY LOW

0.5626 NZD

YEARLY AVERAGE

0.5964 NZD

2023 WST to NZD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the WST to NZD exchange rate experienced significant fluctuation. The market reached its absolute peak on October 19, valuing the pair at 0.6298. Conversely, the yearly low was recorded on December 27, dropping to 0.5626.

This high-to-low spread represents a total annual volatility of 0.0672 NZD. From a start-to-finish perspective, comparing the January average rate of 0.5788 to the December average rate of 0.5734, the exchange rate registered a net change of -0.92% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.6298 was down 2.94% compared to the 2022 peak of 0.6489, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 3,149 NZD

2022 Average 2,947 NZD

Yearly Trough Low 2,813 NZD

Transaction Impact: A difference of 335.82 NZD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.6252

0.5687

JanuMarcMayJulySeptNove

WST 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 0.5910, compared to 0.6018 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0107 points.

H1 Avg (Jan–Jun) 0.5910

H2 Avg (Jul–Dec) 0.6018

Volatility Range Comparison

Volatility

The most volatile month in 2023 was February, with a trading range of 0.0338 NZD (High: 0.6027 / Low: 0.5690). On the other end, September was the most stable month, with a tight range of 0.0130 NZD (High: 0.6266 / Low: 0.6136).

February Spread (Volatile) ±0.0338

September Spread (Stable) ±0.0130

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 November and December, when the average rate fell by 0.0221 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0221

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2023: 0.6170) against the same month in 2022 (average: 0.6269), the exchange rate shifted by -0.0099 (-1.58%).

2023 Avg (October) 0.6170

2022 Avg (October) 0.6269

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.5954	0.5708	0.5788
February	0.6027	0.5690	0.5903
March	0.6076	0.5863	0.5971
April	0.5995	0.5808	0.5909
May	0.6091	0.5760	0.5912
June	0.6073	0.5885	0.5980
July	0.5984	0.5740	0.5898
August	0.6233	0.5992	0.6144
September	0.6266	0.6136	0.6205
October	0.6298	0.6089	0.6170
November	0.6075	0.5801	0.5955
December	0.5834	0.5626	0.5734