2023 MYR to NZD Historical Review

YEARLY HIGH

0.3717 NZD

YEARLY LOW

0.3403 NZD

YEARLY AVERAGE

0.3574 NZD

2023 MYR to NZD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MYR to NZD exchange rate experienced significant fluctuation. The market reached its absolute peak on February 6, valuing the pair at 0.3717. Conversely, the yearly low was recorded on December 27, dropping to 0.3403.

This high-to-low spread represents a total annual volatility of 0.0314 NZD. From a start-to-finish perspective, comparing the January average rate of 0.3607 to the December average rate of 0.3447, the exchange rate registered a net change of -4.43% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.3717 was down 3.68% compared to the 2022 peak of 0.3859, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 20,000 MYR based on timing:

Yearly Peak High 7,434 NZD

2022 Average 7,168 NZD

Yearly Trough Low 6,806 NZD

Transaction Impact: A difference of 627.31 NZD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.3668

0.3427

JanuMarcMayJulySeptNove

MYR 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 0.3598, compared to 0.3551 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0047 points.

H1 Avg (Jan–Jun) 0.3598

H2 Avg (Jul–Dec) 0.3551

Volatility Range Comparison

Volatility

The most volatile month in 2023 was July, with a trading range of 0.0165 NZD (High: 0.3574 / Low: 0.3409). On the other end, August was the most stable month, with a tight range of 0.0060 NZD (High: 0.3652 / Low: 0.3592).

July Spread (Volatile) ±0.0165

August Spread (Stable) ±0.0060

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2023. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 0.0108 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0108

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2023: 0.3648) against the same month in 2022 (average: 0.3578), the exchange rate shifted by +0.0071 (+1.97%).

2023 Avg (February) 0.3648

2022 Avg (February) 0.3578

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.3657	0.3570	0.3607
February	0.3717	0.3602	0.3648
March	0.3655	0.3554	0.3604
April	0.3670	0.3592	0.3640
May	0.3617	0.3498	0.3567
June	0.3607	0.3467	0.3521
July	0.3574	0.3409	0.3499
August	0.3652	0.3592	0.3623
September	0.3645	0.3553	0.3604
October	0.3616	0.3502	0.3575
November	0.3630	0.3477	0.3555
December	0.3500	0.3403	0.3447