2023 ZAR to NZD Historical Review

YEARLY HIGH

0.0942 NZD

YEARLY LOW

0.0818 NZD

YEARLY AVERAGE

0.0883 NZD

2023 ZAR to NZD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the ZAR to NZD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 4, valuing the pair at 0.0942. Conversely, the yearly low was recorded on May 20, dropping to 0.0818.

This high-to-low spread represents a total annual volatility of 0.0125 NZD. From a start-to-finish perspective, comparing the January average rate of 0.0914 to the December average rate of 0.0863, the exchange rate registered a net change of -5.57% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0942 was down 7.16% compared to the 2022 peak of 0.1015, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 50,000 ZAR based on timing:

Yearly Peak High 4,712 NZD

2022 Average 4,822 NZD

Yearly Trough Low 4,089 NZD

Transaction Impact: A difference of 622.72 NZD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0921

0.0837

JanuMarcMayJulySeptNove

ZAR 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 0.0881, compared to 0.0886 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0005 points.

H1 Avg (Jan–Jun) 0.0881

H2 Avg (Jul–Dec) 0.0886

Volatility Range Comparison

Volatility

The most volatile month in 2023 was July, with a trading range of 0.0078 NZD (High: 0.0921 / Low: 0.0843). On the other end, September was the most stable month, with a tight range of 0.0017 NZD (High: 0.0897 / Low: 0.0880).

July Spread (Volatile) ±0.0078

September Spread (Stable) ±0.0017

Growth Streaks & Declines

Trends

Between May and November, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 6 straight months. Conversely, the sharpest month-over-month decline occurred between April and May, when the average rate fell by 0.0043 points.

Longest Streak 6 Mo.

Sharpest MoM Drop -0.0043

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.0914) against the same month in 2022 (average: 0.0958), the exchange rate shifted by -0.0043 (-4.51%).

2023 Avg (January) 0.0914

2022 Avg (January) 0.0958

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0942	0.0889	0.0914
February	0.0905	0.0881	0.0889
March	0.0898	0.0849	0.0882
April	0.0901	0.0868	0.0887
May	0.0882	0.0818	0.0844
June	0.0887	0.0840	0.0870
July	0.0921	0.0843	0.0883
August	0.0911	0.0869	0.0889
September	0.0897	0.0880	0.0889
October	0.0923	0.0859	0.0892
November	0.0921	0.0861	0.0900
December	0.0878	0.0843	0.0863