2023 XCD to NZD Historical Review

YEARLY HIGH

0.6388 NZD

YEARLY LOW

0.5679 NZD

YEARLY AVERAGE

0.6028 NZD

2023 XCD to NZD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the XCD to NZD exchange rate experienced significant fluctuation. The market reached its absolute peak on October 25, valuing the pair at 0.6388. Conversely, the yearly low was recorded on February 1, dropping to 0.5679.

This high-to-low spread represents a total annual volatility of 0.0709 NZD. From a start-to-finish perspective, comparing the January average rate of 0.5777 to the December average rate of 0.5941, the exchange rate registered a net change of 2.84% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.6388 was down 3.97% compared to the 2022 peak of 0.6653, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 3,194 NZD

2022 Average 2,919 NZD

Yearly Trough Low 2,840 NZD

Transaction Impact: A difference of 354.54 NZD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.6328

0.5727

JanuMarcMayJulySeptNove

XCD 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 0.5931, compared to 0.6126 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0196 points.

H1 Avg (Jan–Jun) 0.5931

H2 Avg (Jul–Dec) 0.6126

Volatility Range Comparison

Volatility

The most volatile month in 2023 was February, with a trading range of 0.0337 NZD (High: 0.6016 / Low: 0.5679). On the other end, September was the most stable month, with a tight range of 0.0131 NZD (High: 0.6303 / Low: 0.6172).

February Spread (Volatile) ±0.0337

September Spread (Stable) ±0.0131

Growth Streaks & Declines

Trends

Between July and October, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 0.0229 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0229

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2023: 0.6278) against the same month in 2022 (average: 0.6506), the exchange rate shifted by -0.0228 (-3.51%).

2023 Avg (October) 0.6278

2022 Avg (October) 0.6506

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.5943	0.5697	0.5777
February	0.6016	0.5679	0.5893
March	0.6065	0.5899	0.5962
April	0.6046	0.5857	0.5959
May	0.6143	0.5808	0.5962
June	0.6125	0.5935	0.6031
July	0.6035	0.5789	0.5946
August	0.6269	0.6027	0.6180
September	0.6303	0.6172	0.6242
October	0.6388	0.6125	0.6278
November	0.6294	0.6010	0.6170
December	0.6044	0.5829	0.5941