2023 BMD to NOK Historical Review

YEARLY HIGH

11.2222 NOK

YEARLY LOW

9.7886 NOK

YEARLY AVERAGE

10.5610 NOK

2023 BMD to NOK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the BMD to NOK exchange rate experienced significant fluctuation. The market reached its absolute peak on November 9, valuing the pair at 11.2222. Conversely, the yearly low was recorded on January 1, dropping to 9.7886.

This high-to-low spread represents a total annual volatility of 1.4336 NOK. From a start-to-finish perspective, comparing the January average rate of 9.9257 to the December average rate of 10.5165, the exchange rate registered a net change of 5.95% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 11.2222 was up 3.11% compared to the 2022 peak of 10.8842, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 56,111 NOK

2022 Average 48,079 NOK

Yearly Trough Low 48,943 NOK

Transaction Impact: A difference of 7,168.19 NOK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

11.1084

9.8181

JanuMarcMayJulySeptNove

BMD 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 10.4703, compared to 10.6516 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1812 points.

H1 Avg (Jan–Jun) 10.4703

H2 Avg (Jul–Dec) 10.6516

Volatility Range Comparison

Volatility

The most volatile month in 2023 was December, with a trading range of 0.8730 NOK (High: 10.9744 / Low: 10.1014). On the other end, September was the most stable month, with a tight range of 0.1859 NOK (High: 10.8280 / Low: 10.6421).

December Spread (Volatile) ±0.8730

September Spread (Stable) ±0.1859

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 0.5079 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.5079

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2023: 10.9040) against the same month in 2022 (average: 10.1103), the exchange rate shifted by +0.7938 (+7.85%).

2023 Avg (November) 10.9040

2022 Avg (November) 10.1103

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	10.2570	9.7886	9.9257
February	10.4398	9.8885	10.2480
March	10.7594	10.3641	10.5365
April	10.6752	10.2798	10.5066
May	11.1833	10.5025	10.8129
June	11.0941	10.4993	10.7924
July	10.7621	9.9472	10.2844
August	10.7278	10.1392	10.4747
September	10.8280	10.6421	10.7289
October	11.2076	10.7219	11.0009
November	11.2222	10.6084	10.9040
December	10.9744	10.1014	10.5165