2023 AED to NOK Historical Review

YEARLY HIGH

3.0554 NOK

YEARLY LOW

2.6653 NOK

YEARLY AVERAGE

2.8754 NOK

2023 AED to NOK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the AED to NOK exchange rate experienced significant fluctuation. The market reached its absolute peak on November 9, valuing the pair at 3.0554. Conversely, the yearly low was recorded on January 1, dropping to 2.6653.

This high-to-low spread represents a total annual volatility of 0.3901 NOK. From a start-to-finish perspective, comparing the January average rate of 2.7024 to the December average rate of 2.8636, the exchange rate registered a net change of 5.97% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 3.0554 was up 3.11% compared to the 2022 peak of 2.9633, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 15,277 NOK

2022 Average 13,090 NOK

Yearly Trough Low 13,326 NOK

Transaction Impact: A difference of 1,950.43 NOK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

3.0243

2.6731

JanuMarcMayJulySeptNove

AED to NOK 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 2.8509, compared to 2.9000 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0492 points.

H1 Avg (Jan–Jun) 2.8509

H2 Avg (Jul–Dec) 2.9000

Volatility Range Comparison

Volatility

The most volatile month in 2023 was December, with a trading range of 0.2379 NOK (High: 2.9883 / Low: 2.7504). On the other end, September was the most stable month, with a tight range of 0.0507 NOK (High: 2.9480 / Low: 2.8973).

December Spread (Volatile) ±0.2379

September Spread (Stable) ±0.0507

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 June and July, when the average rate fell by 0.1383 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.1383

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2023: 2.9688) against the same month in 2022 (average: 2.7526), the exchange rate shifted by +0.2162 (+7.86%).

2023 Avg (November) 2.9688

2022 Avg (November) 2.7526

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.7925	2.6653	2.7024
February	2.8423	2.6922	2.7901
March	2.9296	2.8218	2.8689
April	2.9072	2.7991	2.8610
May	3.0449	2.8601	2.9445
June	3.0205	2.8586	2.9383
July	2.9301	2.7081	2.8000
August	2.9207	2.7604	2.8518
September	2.9480	2.8973	2.9210
October	3.0513	2.9191	2.9951
November	3.0554	2.8887	2.9688
December	2.9883	2.7504	2.8636