2023 SZL to NZD Historical Review

YEARLY HIGH

0.0946 NZD

YEARLY LOW

0.0823 NZD

YEARLY AVERAGE

0.0884 NZD

2023 SZL to NZD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the SZL to NZD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 5, valuing the pair at 0.0946. Conversely, the yearly low was recorded on May 19, dropping to 0.0823.

This high-to-low spread represents a total annual volatility of 0.0123 NZD. From a start-to-finish perspective, comparing the January average rate of 0.0913 to the December average rate of 0.0862, the exchange rate registered a net change of -5.61% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0946 was down 7.44% compared to the 2022 peak of 0.1022, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 473 NZD

2022 Average 482 NZD

Yearly Trough Low 411 NZD

Transaction Impact: A difference of 61.70 NZD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0920

0.0840

JanuMarcMayJulySeptNove

SZL 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 0.0882, 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 0.0004 points.

H1 Avg (Jan–Jun) 0.0882

H2 Avg (Jul–Dec) 0.0886

Volatility Range Comparison

Volatility

The most volatile month in 2023 was July, with a trading range of 0.0072 NZD (High: 0.0921 / Low: 0.0850). On the other end, September was the most stable month, with a tight range of 0.0019 NZD (High: 0.0898 / Low: 0.0879).

July Spread (Volatile) ±0.0072

September Spread (Stable) ±0.0019

Growth Streaks & Declines

Trends

Between May and September, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between April and May, when the average rate fell by 0.0042 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0042

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.0913) against the same month in 2022 (average: 0.0959), the exchange rate shifted by -0.0046 (-4.82%).

2023 Avg (January) 0.0913

2022 Avg (January) 0.0959

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0946	0.0891	0.0913
February	0.0922	0.0873	0.0890
March	0.0897	0.0868	0.0883
April	0.0905	0.0872	0.0888
May	0.0883	0.0823	0.0847
June	0.0891	0.0834	0.0871
July	0.0921	0.0850	0.0882
August	0.0909	0.0861	0.0889
September	0.0898	0.0879	0.0890
October	0.0917	0.0855	0.0890
November	0.0924	0.0862	0.0901
December	0.0883	0.0843	0.0862